As a BVI recognised exchange, companies that are proposing to list on the Fusang Exchange will benefit from a pre-screening process in accordance with the applicable anti-money laundering and counter terrorism financing provisions, which will lead to a reduced time to have the companies listed. This time saving will certainly have advantages from a commercial perspective for companies that are looking to be listed on a digital exchange.
According to the article, Fusang Exchange recently announced its own initial public offering on its main board and expects that the admission to the recognised list of exchanges in the BVI will be a ‘game changer’ for BVI registered companies in Asia, especially since the digital asset space is seeing unprecedented growth in the region.
BVI Finance’s press release can be found here.
Our recent blog post on this subject can be found here.