We are working to have fiat integrations for both US and EUR.
For different jurisdictions, there are different licenses and fees for setting up this system. This is going to be one of our biggest costs so we want to budget accordingly.
Beaxy will apply to obtain licenses after the funding period concludes. Licenses are cost prohibitive prior to raising our soft capital.
Beaxy will start the exchange license application process in EU territory first. The license will allow the exchange to have fiat pairs available to trade for most of European users.
Beaxy will also apply for Money Transmitter Licenses (MTL) in the United States. The applications for the MTLs will be submitted following the conclusion of the token sale.
Beaxy will always work to be appropriately compliant with relevant regulations.