Secured DASP License in El Salvador: Freedx Obtains Crucial Permit
April 8th, 2025 | San Salvador, El Salvador
Centralized cryptocurrency exchange Freedx has secured a Digital Asset Service Provider (DASP) license from the Comisión Nacional de Activos Digitales (CNAD) in El Salvador, a significant step that underlines its commitment to becoming a compliant and trustworthy platform in the digital asset industry.
El Salvador's push for crypto-friendly policies was evident in 2021 when it became the first nation to recognize Bitcoin as legal tender. The enactment of its Digital Assets Law in 2023 cemented the country's position as a global hub for digital assets, attracting key industry players such as Tether and Binance.
In a statement, Juan Carlos Reyes, President of CNAD, commended the Freedx team for their professionalism and readiness to launch a compliant company. He noted that obtaining the DASP license is a rare achievement due to El Salvador's stringent compliance standards.
Freedx now joins an exclusive group of organizations with the DASP license, providing users with increased regulatory oversight, security, and transparency. This license ensures Freedx operates within El Salvador's legal framework, offering users peace of mind regarding the safety and compliance of their assets. Given El Salvador's pro-crypto policies and burgeoning blockchain ecosystem, the exchange stands to benefit from numerous promising investment and innovation opportunities.
To expand its global presence, Freedx will attend two major conferences: the Paris Blockchain Week (PBW) and the El Salvador Digital Asset Summit. At PBW, Freedx will sponsor an exclusive VIP dinner at The Louvre and participate in panel discussions. Meanwhile, at the Digital Asset Summit, Freedx will focus on showcasing its brand across the conference hall.
Jonathan Farnell, CEO at Freedx, expressed his delight at receiving the license, stating that it reflects the hard work of the Freedx team. Raks Sondhi, COO at Freedx, added that operating under El Salvador's regulatory framework ensures their exchange maintains the highest standards in listing assets and handling user deposits, thereby safeguarding user funds and instilling confidence in their compliance measures.
Founded by experts from top financial and crypto institutions such as Binance, Deutsche Bank, Upbit, eToro, and more, Freedx aims to offer a user-centric trading experience combining professional-grade technology with a sleek and user-friendly interface. Users are invited to learn more about Freedx at https://freedx.com/ or follow them on social media.
Freedx, S.A. de C.V, trading under the brand name of Freedx, is a licensed and regulated cryptocurrency exchange and Bitcoin service provider under the laws of El Salvador, conforming to relevant regulatory frameworks. Users are reminded that access to the platform is only granted to those who initiate the signing-up process, and Freedx does not actively target users from jurisdictions requiring regulatory approval. Users must complete onboarding and KYC verification, and access to platform features is subject to jurisdictional restrictions and adherence to applicable laws.
Contact:Rahil BhagatHead of [email protected]
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- In light of obtaining the Digital Asset Service Provider (DASP) license from the Comisión Nacional de Activos Digitales (CNAD) in El Salvador, Freedx, the centralized cryptocurrency exchange, plans to attend the Paris Blockchain Week (PBW) and the El Salvador Digital Asset Summit to expand its global presence.
- As a licensed Bitcoin service provider under the laws of El Salvador and a member of the exclusive DASP-licensed organizations, Freedx aims to offer a user-centric trading experience with professional-grade technology, adhering to El Salvador's stringent compliance standards and ensuring the safety and compliance of user assets.
