The team behind startup cryptocurrency exchange Mandala, today made some new announcements in regards to onboarding participants from the United States and United States territories.
First, United States citizens and those in United States territories may now legally purchase, hold, and trade native MDX exchange tokens.
Next, the Mandala development team will be rolling out a customized exchange for United States and United States territory participants in the coming weeks, with trading pairs that have been approved by the Securities and Exchange Commission (SEC) and/or the CFTC as either non-securities, stablecoins, or, as in the case of Ethereum, decentralized to the point of losing its designation as a security token.
The Mandala team will be striving to list more tokens as they are approved by regulations, as well as looking to become a securities exchange pending regulatory approval in the United States.
Lastly, Mandala is aiming to bring a fiat gateway to its United States exchange alongside its international exchange. The team is targeting money transmitter licenses in the United States to remain compliant, while also allowing debit and credit card purchases on the Mandala Exchange — upon approval.