Does Wallex hold any financial licenses?

Wallex works closely with financial regulators and maintains the highest security standards to protect your data – and your organisation.

Singapore
M-DAQ Payment Solutions Pte. Ltd. is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the license number PS20200433.

Indonesia
PT MDAQ Indonesia Technologies is licensed by Bank Indonesia as a Fund Transfer Operator under licence number 20/235/DKSP/83.

Hong Kong
M-DAQ Trading (HK) Limited is regulated by the Customs and Excise Department (CCE) of Hong Kong and is licensed as a Money Service Operator (MSO) with licence number HKCE19-12-02935.

Malaysia
MDAQ Malaysia Sdn. Bhd. is licensed as Money Service Business as Remittance Business (class B) by Bank Negara. License number: 00569

This means all customer funds are safeguarded and kept in a customer segregated account which is separate from all other Wallex operations accounts. We operate within a very strict framework both for compliance and for the safety of funds in our custody.