Freedx, a user-focused centralized cryptocurrency exchange, secures a Digital Asset Service Provider (DASP) license from the Comisión Nacional de Activos Digitales (CNAD) in El Salvador.
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5min
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Apr 07, 2025
We’re proud to share a massive milestone for Freedx. We’ve officially been granted a Digital Asset Service Provider (DASP) license by the Comisión Nacional de Activos Digitales (CNAD) in El Salvador.
The license demonstrates our dedication to regulatory compliance and user protection. It places us among a small group of exchanges operating under El Salvador’s forward-looking digital asset framework. The process is known for its strict standards and low approval rate.
El Salvador has rapidly become a global reference point for digital asset innovation. The country made headlines in 2021 for recognizing Bitcoin as legal tender. Its Digital Assets Law passed in 2023, has attracted major crypto companies, including Tether and Binance.
“We are truly impressed by the professionalism and preparation demonstrated by the Freedx team. Their readiness to launch a successful company is exactly what we are looking for in companies obtaining the DASP license,” said Juan Carlos Reyes, President of CNAD.
The license ensures we meet legal obligations while offering greater transparency, oversight, and trust. The regulatory framework is both open and secure, so users can trade and invest without worry. El Salvador's expanding blockchain ecosystem opens up even more doors for development and innovation.
We’re marking this moment by heading to two major global events. Our team will attend Paris Blockchain Week and the El Salvador Digital Asset Summit. In Paris, we’re hosting a VIP dinner at The Louvre and speaking on the main stage. In El Salvador, we’ll connect with the local community and showcase Freedx across the conference floor.
“We are all thrilled and honored to have been granted the coveted DASP license by the Comisión Nacional de Activos Digitales,” said Jonathan Farnell, CEO at Freedx. “El Salvador is a beacon in the crypto space and is setting the standard for countries looking to undergo a digital and technological revolution.”
“This achievement marks a pivotal step forward for our exchange,” added Raks Sondhi, COO at Freedx. “Operating under El Salvador’s strict and rigorous regulatory framework ensures we maintain the highest standards in listing assets and handling user deposits.”
We’re building Freedx for the long term. We’re building it for people who want a secure, simple, and powerful crypto trading experience. And this is just the beginning.