https://ift.tt/sS0bjha Green-Lighted To Launch Its Cryptocurrency Exchange In Colorado

Xcalibra has received the green light to launch its crypto exchange in Colorado through the assistance of McDermott Will & Emery LLP, an international law firm. After seeking a ”no action” relief from Colorado, the cryptocurrency exchange got permission to offer its services to the Coloradans.

Xcalibra has witnessed significant growth in its engagements since it registered as a money service business. The registration was done by the US Department of the Treasury Financial Crimes Enforcement Network (FinCEN) in January 2022.

The cryptocurrency exchange aims to continue spreading its forum beyond Colorado borders. Xcalibra is aiming to obtain ”no action” relief and money transmitter permits from all American states. Also, it is determined to carry on pursuing its regulatory and licensing journey to encourage its users across the nation to use its compliant forum to trade cryptocurrencies.

The founder of Xcalibra, Mr. Daniel Dabek, expressed his profound joy in introducing cryptocurrency and blockchain in the state while at the same time highlighting the economic growth and success in Colorado. The founder of Xcalibra explained the adoption of Xcalibra and its ability to act as a medium in US dollar trading in the state with other popular cryptocurrencies considering it had made significant progress.

Partner at Mcdermott Will & Emery LLP and Xcalibra’s lead counsel, Joseph B. Evans, had the following to say about the cryptocurrency;

“We are elated by Colorado’s ultimate decision to welcome Xcalibra. The banking division took step by step approach before granting us a “no action” application. Our platform aims at rolling-out Xcalibra throughout the United States.”

Xcalibra is a work of art virtual asset exchange where users can purchase Bitcoin, Ethereum, Safex and other cryptocurrencies. Xcalibra enables consumers to buy cryptos in several efficient methods, such as no transactional fees for depositing crypto property, and it is committed to security and speed. Xcalibra ensures the best consumer relations by selective asset listings, fast trades and top-notch security.