Core Insights - XORKETS FX has completed its registration as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN), enhancing its compliance and security standards in the digital finance sector [1][2]. Compliance and Regulatory Framework - The US MSB license involves ongoing regulatory requirements related to anti-money laundering (AML), client fund management, data protection, and risk control, which XORKETS FX is integrating into its core operations [2]. - By obtaining MSB registration, XORKETS FX is now a regulated financial service entity under US federal law, ensuring clear responsibilities in client fund handling and compliance with Know Your Customer (KYC) and AML regulations [4]. User Protection and Governance - The platform's user agreements and privacy policies must align with US laws, enhancing governance and providing clearer rights protection channels for users in case of disputes [5]. - Compliance with MSB requirements allows for a more normalized governance structure, which benefits user trust and platform reliability [5]. Asset Management and Security - XORKETS FX implements strict mechanisms for separating client funds from operational funds, ensuring that fiat currency is stored within a regulated banking system [6]. - The platform employs industry-standard security practices for managing virtual assets, including high cold storage ratios and multi-signature mechanisms, to enhance asset management transparency [7]. Operational Transparency and Risk Management - Daily operations are optimized under MSB compliance, with KYC information collected according to the "minimum necessary principle" and user data protected through bank-grade encryption [8]. - Real-time risk monitoring and transaction surveillance systems are in place to identify abnormal behavior and reduce account security risks, shifting security management to proactive protection [9]. Institutional Trust and Long-Term Development - As the regulatory environment matures, competition among platforms is increasingly focused on compliance capabilities and long-term credibility, with XORKETS FX building security on a verifiable institutional foundation [11]. - The company plans to continue strengthening compliance efforts and technological investments to promote innovation within a legal framework, aiming to provide a robust and sustainable digital financial service experience [12].