Good day Coin Bureau readers, and welcome to another edition of our versus series where we pit the top crypto exchanges, DeFi and CeDeFi platforms, against one another in a head to head comparison to help you figure out which platform is best to suit your crypto needs. Today we will be covering two of […]

The post Celsius vs Nexo: Comparing the BEST Crypto Lending Platforms appeared first on Coin Bureau.

In 2021 it became clear that the cryptocurrency industry will not be able to avoid regulation.

The post What are the best countries for running a legal cryptocurrency business? appeared first on CryptoSlate.

The Ontario Securities Commission has reported Kraken CEO Jesse Powell and Coinbase CEO Brian Armstrong to law enforcement agencies for voicing their opposition against the Canadian government’s Emergencies Act.  Powell and Armstrong under investigation In response to the Freedom Convoy protests, Canadian Prime Minister Justin Trudeau invoked the Emergencies Act for the first time since […]

The post Canadian Authorities Pursue Coinbase And Kraken CEOs For Critical Tweets appeared first on CryptoCoin.News.

The emergency act invoked by Canada’s government is taking a turn for the worse as far as financial surveillance is concerned. During a press conference, Canadian Finance Minister Chrystia Freeland said that the government is reviewing making the surveillance over financial transactions brought by the act permanent. Cryptocurrency platforms would be affected by the matter, […]

Read full post Canadian finance minister hints at making the recent financial surveillance laws permanent. on Chaintimes.com.

An age-old saying states that there are only two certainties in life: Death and taxes. Whoever came up with that saying clearly coined the phrase before crypto, I would add one more to that list, and that is fees! Not all exchanges are created equal in terms of fees, asset support, rewards distributions, features etc., which is […]

The post OKcoin-Fee Free Earning and Low Fee Trading! appeared first on Coin Bureau.

In an effort to accelerate its international expansion, XREX, a neo-fintech company, announced that it has acquired a Money Services Business (MSB) license from Canada’s FINTRAC today.

XREX acquires the Money Service Business (MSB) license from Canada as it seeks to serve more cross-border merchants and expats in North America and around the globe.

Taipei, Taiwan, January 26, 2022 -- XREX Inc. announced today that it has obtained the Money Services Business (MSB) license from the Financial Transactions and Reports Analysis Centre (FINTRAC) under the Canadian government. The license allows the Taipei-based neo fintech firm to extend its crypto-fiat exchange services, which includes cross-border payments, remittances, global transfers, foreign exchange, and virtual assets dealing to clients. 

“Security, transparency, and compliance are the keystones of XREX. As a fully registered MSB under FINTRAC, we are once again demonstrating our industry-leading ability and commitment to creating a secure platform to combat bad actors and protect our users from crypto-related crimes,” said Nick Chang, Head of Compliance at XREX. 

As one of the most vibrant financial markets in the world, Canada is the home of millions of immigrants and cross-border entrepreneurs. Many of whom must handle remittances, receivables, and international payouts of various scales on a daily basis. Partnering with a government-approved platform like XREX is crucial to their success as they transact with their counterparts all over the world each day, in particular India, Africa, and other emerging markets. To date, XREX is the only Taiwan-based firm to have been granted the MSB license from FINTRAC. 

“This license not only recognizes XREX's ability to protect its users, but it also allows Canada-based users to leverage XREX's time-tested platform to safely facilitate their financial transactions at low costs and in real time,” said Catherine Lee, an advisor from Toronto Global, an investment attraction agency that helps the Governments of Ontario attract promising firms and foreign investment to Canada.

As Canada is one of the global standard bearers in financial regulations and digital assets protections, the acquisition of the MSB status is paramount to XREX's goal of serving more clients in Asia, Europe, the Middle East, and South America in near future, said Chang. 

XREX is in the process of applying to the Monetary Authority of Singapore (MAS) for a Major Payment Institution license, which will allow XREX to conduct money transfers, business payments, money-changing, and digital payment token services. In addition, XREX has completed the filing of its Compliance Statement on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) to Taiwan's Financial Supervisory Commission (FSC).

Founded in 2018 and led by internationally-recognized cybersecurity leader Dr. Wayne Huang, XREX comprises a team of experts in compliance, cryptocurrency, blockchain, fintech, and cross-border payments. XREX's protection and detection mechanisms such as Anti-Money Laundering (AML) and Know Your Customers (KYC), help cross-border merchants and businesses in emerging markets to compete on a clean and even playing field. 

XREX recently onboarded a full suite of tools from the world's top digital intelligence and forensics providers--CipherTrace and TRM Labs, making XREX one of the most tightly secure and trustworthy crypto firms in the world. 

XREX is a member of the Travel Rule Information Sharing Alliance (TRISA), a coalition of top crypto companies to combat money laundering, scams, and illicit actors in the global crypto industry. Earlier, Wayne published a CEO letter to announce that XREX is Financial Action Task Force (FATF) Travel Rule compliant.

To find out how your business can leverage XREX as a crypto-fiat exchange partner, please contact us at [email protected], or on Telegram, Twitter, Facebook, Blog, and LinkedIn. 

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ABOUT XREX
XREX is a neo fintech leveling the playing field by partnering with banks, regulators, and verified individuals to redefine banking together. Our blockchain-driven solutions create a collective financial system that empowers all to participate and contribute to the global economy. 

Founded in 2018 and headquartered in Taipei, XREX comprises a team of world-leading experts in cybersecurity, fintech, compliance, and cryptocurrency to offer a full suite of innovative products such as BitCheck, XREX Circles, Risk Level to solve the dollar-liquidity shortage issues faced by cross-border merchants in emerging economies.

Media Contacts

Yoyo Yu
Director, CEO Office at XREX Inc.
[email protected]

eToroX, LMAX, Coinbase, Gemini, and Kraken are some exchanges that follow compliance regulations. Switzerland, Liechtenstein, and the UAE are countries ...

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Binance, the global leader in crypto trading volume, has successfully registered new corporate entities in Calgary, a city in the province of Alberta Canada according to a local report. The report adds that Binance also completed two high-profile hires to push its regulatory compliance move. Binance cementing its regulatory compliance in Canada with incorporation and

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Timechain is a Money Services Business (MSB), that specializes in DeFi (Decentralized Finances), and digital asset management services, located in Canada. Its purpose is to provide financial solutions, and to democratize finance for users. By leveraging digital assets through its secure and broad ecosystem of products. All of these, while improving the pricing, the accessibility [...]

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The British businessman also joined the international advisory board of MillTechFX.

An exploration into the country’s crypto landscape today and what it means for the future of the digital asset industry in Canada.