[PRESS RELEASE – Mahe,, Seychelles, May 30th, 2023]

DigiFinex, one of the leading cryptocurrency exchanges in the world, has been granted a Pre-Registration Undertaking (“PRU”) exemption-based approval by the Canadian regulator (at the provincial level, Alberta Securities Commission, and other provinces providing reciprocal recognition). This license allows DigiFinex to operate in Canada in accordance with the terms of the PRU agreed with the regulator and provides a unique opportunity for Canadian clients to buy and sell cryptocurrencies on DigiFinex’s platform.

The PRU agreed upon is the result of a lengthy and prudent discussion with the regulator and is a crucial regulatory requirement for cryptocurrency participants wanting to operate a dealer platform in Canada. To comply with the PRU, DigiFinex needs to put in place stringent measures to prevent money laundering and terrorist financing. The regulator also demands adequate security systems be established and maintained to protect investors’ assets and personal information.

Additionally, DigiFinex must ensure that it has proper risk management procedures in place to safeguard against market manipulation and other fraudulent activities.DigiFinex’s PRU was announced officially by the regulator in March 2023, making it one of a handful of operators with a certain pathway and timeline for achieving full approval from the Canadian government in the coming months. This achievement highlights DigiFinex’s commitment to providing a safe and secure platform for its users, in line with prevalent market and regulatory demand.

DigiFinex has always placed a strong emphasis on the Canadian market. In recent times, the collapse of prominent industry participants has caused a collective crisis of confidence in the crypto industry. In response, DigiFinex looked at ways to improve transparency, security and efficiency towards keeping client assets safe without compromising other aspects of its services. DigiFinex has partnered with Qualified Custodian Tetra Trust, bringing access to a qualified custodian solution.

As a regulated trust company, Tetra’s offering encompasses robust controls, including the maintenance of a suite of insurance products. In addition, Tetra’s partners maintain comprehensive client a