Company updates

CEX.IO Reaffirms Licensure in Louisiana

, July 14, 2023

We try not to play favorites among our jurisdictions, but there’s no place quite like Louisiana. Home to New Orleans, crawfish étouffée, and the birthplace of more cultural touchstones than states 10 times its population, Louisiana remains a global hub of creative activity. After working closely with regulators to maintain our Sale of Checks and Money Transmitter license, residents of the Bayou State will soon enjoy even greater peace of mind along their crypto journey. We’re proud to announce that CEX.IO has solidified its regulatory standing with the acquisition of a Louisiana Virtual Currency Business Activity License. 

In compliance with Louisiana’s adoption of the Virtual Currency Businesses Act (VCBA) in 2020, CEX.IO has successfully completed all requirements set by the state’s Office of Financial Institutions (OFI) by the June 30, 2023 deadline. This process subjected our operations to a battery of background, financial, and regulatory evaluations to determine their health and functionality for Louisiana-based users. We never shy away from the opportunity to prove our ironclad commitment to ethical crypto stewardship, and are pleased the results continue to reflect our unrelenting efforts. 

Along with expanding our existing licensure program in Louisiana, users residing in the state may continue accessing all offerings currently available in the U.S. While some services, like crypto Staking and Savings, remain on hiatus in the region until further notice, users may still buy, sell, swap, and store digital assets from their preferred access point. CEX.IO is the main port of call for those seeking extra guidance connecting to the crypto ecosystem, while CEX.IO App can be the perfect wingman for a night on the town. 

Much like the state’s culinary delights, charting a course through the digital economy can satisfy a variety of appetites. Bitcoin and a beignet? Muffaletta and a memecoin? Whether you’re joining from the farthest shores of Lake Pontchartrain or prefer the casual bustle of its historic cities, we’re thrilled to further intertwine our legacies with a state that defies classification. 

We’d like to thank our Louisiana-based users for the opportunity to deepen this relationship, and continue fine-tuning our award-winning services. And to any new participants just meeting us for the first time, we look forward to helping you find your path through the crypto space. 

The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your country, please see our Licenses and Registrations.

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