A paradigm shift has occurred with the introduction of crypto assets to the financial world; National Digital Asset Exchange Inc. (NDAX) is here to safely and securely guide Canada forward. NDAX was developed with the high quality, security and compliance standards both retail clients expect and institutional clients require.
We are a cryptocurrency exchange which is fully integrated into the Canadian banking system and created with both retail and institutional clients in mind. NDAX is incorporated in the province of Alberta and registered as a Money Service Business (MSB), making us subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and applicable regulatory framework of the Financial Transactions and Reports and Analysis Centre of Canada (FINTRAC).
Our philosophy is to engage with regulators and financial institutions to set the standard for the Canadian cryptocurrency industry. Due to our robust compliance regime, we were able to secure banking services provided by a Canadian-based financial institution. Our clients' funds are not sent offshore or to other jurisdictions, but remain in Canada in a segregated bank account, legally separate from NDAX's operating capital and compliant with Canadian banking laws, providing an additional layer of safety and security.
While the path is new, the expectations are not.