VirgoCX Secures Approval from Canadian Securities Administrators (CSA) to Become a Restricted Dealer in Crypto Assets
We have been working diligently to achieve our goal of accelerating crypto adoption since the beginning. Today, we are delighted to announce that we have been approved by the Canadian Securities Administrators (CSA) as a Restricted Dealer in crypto assets in all Canadian provinces and territories!
As a Restricted Dealer, we will continue to realize our vision of becoming a trusted full-service solution for all things cryptocurrency. We plan to grow rapidly by:
- expanding our range of products and services,
- venturing into international markets this year,
- continuously adding new coins,
- and much more!
Services such as staking are anticipated to be launched in the near future to meet fast-growing customer demands.
These improvements to our platform will be provided to clients in a trustworthy manner as we have always been at the forefront of complying with applicable laws and regulations. With the whole industry shifting towards compliance, we believe a strong regulatory structure will ensure the integrity and resilience of the crypto market and provide more investor protection.
“Virgo has gathered a very effective team through steady growth in the past few years. We will evolve faster, further improve products and expand operations globally,” said Adam Cai, CEO of VirgoCX. “We have a unique business model and a highly motivated team; I believe Virgo will have exponential growth in the next 1-2 years.”
As always, we thank you for being with us at every milestone of this exciting journey. Our goal is to serve you, our loyal users, with innovative offerings and an unparalleled customer experience. Here’s to a landmark year for our platform and the industry as a whole!
Forward-looking statements: This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities’ legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. In disclosing the forward-looking information contained in this press release, VirgoCX has made certain assumptions, including with respect to its offering of further coins or new services on its crypto trading platform and its intention to provide the best global pricing and deepest liquidity to Canadians. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Although VirgoCX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially from VirgoCX’s expectations include, consumer sentiment towards VirgoCX’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. Except as required by law, Except as required by law, VirgoCX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise. Additionally, VirgoCX undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.