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Licensed and Regulated

Licensed and Regulated

What Does Zipmex Being Licensed and Regulated Mean?

What We Need to Have What Is It Why Is It Important to You
Capital Requirement
  1. We are subject to the minimum initial capital and own funds requirement. Our capital requirement is intended for covering the risks of operating an exchange.
  2. We protect your funds by segregating your fiat from our company account.
Your funds are protected and entrusted to a company with adequate operating capital.
Custody Solution
  1. We work with BitGo as our custodian for digital assets. They use multi-signature technology for every transaction.
  2. BitGo insures the digital assets stored on its custody wallet with coverage up to USD 100 million.
Your digital assets are safe, secured and insured with us.
Auditor Requirement We are audited annually by an auditor who review our financial statements thoroughly. We are financially accountable and transparent as approved by external auditors.
Thorough KYC policies and procedures
  1. We perform customer due diligence (CDD), identification and verification procedures, including enhanced due diligence, PEPs checks, screening against UN, EU, OFAC sanction lists.
  2. We perform live video verification of all KYC customers to reduce identify fraud.

You are part of an ecosystem where all bad actors are prohibited from entering and all participants exists in the real-world.

Sound Anti-money laundering (AML) policies and procedures Risk-based approach (RBA) in assessing and managing the money laundering and terrorist financing risk to the company. Your funds will not be used or mixed with funds associated with money laundering and terrorism financing.
Comprehensive IT security policies
  1. Our IT security policy is approved by regulators and ensures that information security and technology management system is always up-to-date.
  2. Our platform has undergone strenuous IT audits and penetration tests in order to prevent hacking and malicious attacks against the platform.
Our platform has been audited and battle-tested to provide you with the most safe and secure experience.
Wide-ranging compliance policies and procedures
  1. We have implemented policies and procedures for all processes of the company, all of which have been reviewed and approved by our regulators.
  2. We have a comprehensive risk management policy to ensure that risks are mitigated and accounted for.
Everything we do has a policy, manual and workflow. You can be assured that we have planned for every scenario and always protect your funds and/or digital assets.
Data protection and security We never disclose your personal information to third-parties unless they are regulatory bodies or governmental entities. Your privacy, sensitive information and personal data is safe and protected with us.