Vulcan-X VASP License Issuance
APR
18
Event date
Friday 18 April 2025, UTC
Event description
- VulcanX, part of the Vulcan Forged ecosystem, announced its VASP license issuance in 12 days (April 18, 2025), enabling it to operate as a regulated crypto exchange, a requirement for digital asset businesses in many jurisdictions.
- The exchange will use 20% of each trade’s revenue to buy back $PYR, Vulcan Forged’s native token, which is central to its play-to-earn gaming and NFT ecosystem, while offering $V, a governance token sharing 80% of revenue with holders.
- This move aligns with the growing trend of crypto exchanges seeking regulatory compliance, as seen with platforms like Nexo, where KYC and AML requirements have become mandatory to mitigate risks in regulated markets.
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