Author: Isabelle Yeo
Press Release – In the nation of Cambodia, it is required to obtain a license for operations of a cryptocurrency exchange.
At present, COINYEX Co., Ltd is the only one exchange that has already applied for the license.
COINYEX Co., Ltd has officially commenced application procedures to obtain a license for operations of a cryptocurrency exchange.
TUX GLOBAL sdn.bhd, an issuer of TOUREXCOIN, has scheduled to open the cryptocurrency exchange (COINYEX Co., Ltd) in the Kingdom of Cambodia in September 2018.
For operations of a cryptocurrency exchange in the Kingdom of Cambodia, it is required to obtain a license from the National Bank of Cambodia (NBC), the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police, in order to obviate risks of Ponzi scheme, cybercrime or money laundering.
COINYEX Co., Ltd started very early application procedures for obtaining a license for a cryptocurrency exchange to competent authorities in the country. Currently, COINYEX Co., Ltd is the only one exchange that has already applied for the license.
Accordingly, after obtaining a license, COINYEX, Inc is going to set TOUREXCOIN as key cryptocurrency and deal with other various coins as well. Especially TOUREXCOIN is going to be traded in real time as cryptocurrency that can be used for settlement.
TOUREXCOIN stands in the significant position at the exchange since TUX platform developed by TUXGLOBAL sdn.bhd is a mechanism to be utilized for settlement. Centring on a cryptocurrency exchange along with a settlement agent and establishment of a 1DB method, TOUREXCOIN is now finally entering into the practical stage.
TOUREXCOIN is at the final stage to be listed soon, having gone through the Private Sale, offering Pre-Sale now.TOUREXCOIN is moving forward to achieve a “cash-less town”, as cryptocurrency that will be available for settlement all over the world.
The opening ceremony of COINYEX is scheduled in late September at Sokha Phnom Penh Hotel in Cambodia.
Source and Photo Credits: CoinTelegraph