South African Based Banxso Secures Licenses In Cyprus And Comoros To Start 2023
South African Based Banxso Secures Licenses In Cyprus And Comoros To Start 2023. Banxso, the leading FX & CFD brokerage of South Africa, has announced that it has secured multiple licenses to expand its services across the globe.
The brokerage now holds an EU investment business license from the Cyprus Securities and Exchange Commission (CySEC). Regulatory permits provide the brokerage business the ability to provide a variety of financial services, as well as the authorization to offer cross-border services within the EU and EEA in accordance with European passport rights.
In order to expand its business in Africa, Banxso has also received an international brokerage license and a class “A” banking license from Comoros. Banxso’s rapid expansion to these countries is proof that it has concrete plans for what’s to come this year in 2023. The South African trading platform has actively taken steps towards expanding towards the northern part of the continent.
The company noted that it is actively collaborating with authorities to get licenses in 2023 for the Central Bank of Cabo Verde, Seychelles, Kenya (CMA), Zimbabwe (SEC), Mauritius (FSC), Vanuatu (FSC), and Zimbabwe (SEC). This will help to secure the company’s rapid expansion in Africa. 2023 will prove to be a pivotal year for the company as it spreads its wings outside the country and expands to new jurisdictions.
