RexoSwap Promotes Bitcoin Payment Pilot in Tonga, Strengthening Global Compliance Development

Recently,
the
leading
digital
asset
trading
platform
RexoSwap
announced
its
formal
support
for
Tonga’s
Bitcoin
payment
pilot
project,
helping
the
country
establish
a
more
modern
digital
payment
infrastructure.
As
a
compliant
trading
platform
holding
a
U.S.
MSB
(Money
Services
Business)
license,
RexoSwap
will
provide
decentralized
finance
(DeFi)
solutions
for
the
Tongan
market
while
strictly
adhering
to
global
financial
regulatory
requirements
to
ensure
all
transactions
are
legal
and
compliant.

Compliance
First:
RexoSwap
Ensures
Safe
and
Legal
Transactions

RexoSwap
consistently
prioritizes
global
compliance
and
has
obtained
a
U.S.
MSB
license
while
actively
seeking
financial
regulatory
licenses
in
multiple
countries
to
ensure
all
transactions
align
with
various
legal
frameworks.
In
this
Bitcoin
payment
pilot
project,
RexoSwap
will
strictly
follow
international
anti-money
laundering
(AML)
and
know
your
customer
(KYC)
regulations
to
ensure
the
safety
of
user
assets
and
mitigate
illegal
transaction
risks.

RexoSwap’s
Chief
Compliance
Officer
(CCO)
Rachel
Edwards
stated: “We
are
committed
to
providing
a
legal
and
secure
digital
asset
trading
environment
for
global
users.
RexoSwap
strictly
adheres
to
local
regulatory
requirements
in
all
operational
regions
and
will
continue
to
maintain
compliance
in
the
Tongan
market,
ensuring
all
transactions
meet
international
financial
standards.”

Technical
Support
Provided
by
RexoSwap

 

As
the
core
technology
partner
for
this
Bitcoin
payment
pilot,
RexoSwap
will
launch
three
core
solutions
in
Tonga
to
ensure
the
stability,
security,
and
compliance
of
the
digital
payment
system:

 

1.
Decentralized
Wallet
Service

 
 –
Allows
users
to
store,
manage,
and
trade
Bitcoin
without
relying
on
traditional
banks.

 
 –
Utilizes
self-custody
wallet
technology,
ensuring
users
have
complete
control
over
their
assets
while
complying
with
international
AML
regulations.

2.
Localized
Payment
Gateway

 
 –
Launches
a
compliant
payment
system
that
enables
users
to
safely
use
Bitcoin
for
transactions
with
merchants
and
online.

 
 –
Provides
stable
fiat
currency
exchange
channels
for
government
agencies
and
businesses,
allowing
digital
currency
to
seamlessly
integrate
into
daily
economic
activities
such
as
salary
payments,
public
service
fees,
and
commercial
transactions.

 

3.
Legal
and
Compliant
Trading
Environment

 
 –
RexoSwap
will
establish
strict
KYC
and
AML
mechanisms
in
the
Tongan
market
to
ensure
the
transparency
and
security
of
all
transactions.

 
 –
Employs
multi-factor
authentication
and
on-chain
monitoring
technology
to
prevent
fraudulent
activities
and
ensure
the
legal
compliance
of
the
trading
platform.

Strengthening
Regulatory
Cooperation
to
Promote
Global
Compliance
Development

As
a
global
exchange,
RexoSwap
is
committed
to
enhancing
communication
and
cooperation
with
financial
regulatory
bodies
in
various
countries.
Upon
entering
the
Tongan
market,
RexoSwap
plans
to
establish
a
compliance
cooperation
framework
with
local
financial
regulators
to
ensure
that
the
Bitcoin
payment
pilot
project
fully
complies
with
local
and
international
financial
regulations.

 

RexoSwap’s
Chief
Financial
Officer
(CFO)
Laura
Bennett
stated:
“Compliance
is
at
the
core
of
RexoSwap’s
operations.
We
always
prioritize
financial
transparency
and
the
safety
of
user
funds,
ensuring
that
all
transactions
on
the
platform
are
legal
and
compliant.
In
the
future,
we
will
continue
to
work
closely
with
various
regulatory
bodies
around
the
world
to
promote
the
healthy
development
of
the
digital
asset
industry.”

 

Currently,
RexoSwap
has
initiated
a
fiat
channel
audit
process
to
ensure
the
transparency
and
traceability
of
the
funds
involved
in
Bitcoin
payments,
meeting
the
regulatory
requirements
of
various
countries.

Strengthening
Regulatory
Cooperation
to
Promote
Global
Compliance
Development

RexoSwap’s
technical
support
not
only
enhances
the
compliance
of
Bitcoin
payments
in
the
Tongan
market
but
also
provides
a
technical
template
for
the
future
global
Bitcoin
payment
system.
As
an
exchange
with
global
compliance
qualifications,
RexoSwap
plans
to
expand
into
more
countries
and
regions,
promoting
the
legalized
application
of
Bitcoin
payments
and
creating
a
stable,
secure,
and
compliant
digital
financial
ecosystem
for
global
users.

 

RexoSwap
remains
committed
to
global
compliance
operations.
This
Bitcoin
payment
pilot
not
only
ensures
a
legal
trading
environment
in
the
Tongan
market
but
also
reaffirms
RexoSwap’s
leading
position
as
a
safe,
compliant,
and
trustworthy
global
trading
platform.
In
the
future,
RexoSwap
will
continue
to
collaborate
with
financial
institutions
worldwide
to
promote
the
healthy
development
of
the
digital
asset
industry,
allowing
digital
finance
to
benefit
more
global
users.

 

Media
Contact

Contact: Thomas
M.
Quinones

Company
Name: RexoSwap
Ltd

Website: https://trade.rexoswapex.com

 

Disclaimer:
The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.