AstralX highlights its readiness and compliance in response to recent U.S. cryptocurrency regulatory developments.
-- AstralX acknowledges the recent passage of the CLARITY, GENIUS, and anti-CBDC bills by the US House of Representatives, which have been signed into law. These legislative updates introduce new requirements for stablecoin reserves, regulatory oversight, and digital currency frameworks. AstralX recognizes the significance of these changes for the digital asset industry and reaffirms its commitment to operating within a robust compliance framework.
Since its launch in 2023, AstralX has proactively pursued a comprehensive global compliance strategy. The platform has secured key licenses in major jurisdictions, including the US MSB license for legal US dollar channels, the United Kingdom FCA full license and FSA investment trading license for institutional liquidity, VAULT electronic banking and European Union EMI payment licenses for multi-currency clearing and custody, the Polish KNF cryptocurrency trading license for Central and Eastern Europe, and multiple licenses in Hong Kong for securities, futures, and trust services. This licensing structure enables AstralX to meet requirements such as reserve audits and regulatory reporting under the new U.S. laws without additional legal restructuring.
AstralX has integrated compliance as a core product capability. The platform’s AML engine monitors transactions in real time, comparing on-chain addresses with international blocklists and automatically managing risk thresholds. User assets are protected through independent custody, bank-level cold wallets, and multi-signature technology. Stablecoin reserves are verified monthly by major accounting firms and made available for public verification on-chain. These measures position AstralX to address the evolving needs of institutional and retail clients in a regulated environment.
With its established license portfolio and transparent operational practices, AstralX aims to provide efficient access for institutional clients and retail investors. The platform offers unified custody and trading for a range of assets, enabling users to participate in regulated markets with confidence. AstralX remains committed to supporting the transition to a more transparent and compliant digital asset industry in light of recent regulatory developments.
Contact Info:
Name: Planet X
Email: Send Email
Organization: AstralX
Website: https://www.astralx.com
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
Release ID: 89165315
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