Crypto Regulation - XREX

Pay RegTech Company

Pay RegTech Company

Blog

Keep up with XREX

All Announcements Industry Trends XREX Products

Crypto Regulation

Announcements Industry Trends XREX Products

Search

#Crypto Regulation

Industry Trends

01/03/2023

TFTA 2023: VASPs Urge Collaboration with Regulators to Strike a Balance Between Risk and Innovation

“The Journey to Obtain a License” panel discussion at the TFTA 2023 FinTech Conference moderated by Wayne Hunag, Co-founder and CEO of XREX. Representatives from Binance, Circle, Woo Network, and OwlTing Group are present. (Photo by XREX) The TFTA 2023 commenced on the 23rd in Taipei, bringing together experts from… Read More

Announcements

13/10/2022

Crypto Security: XREX Successfully Defended Against NCC Group’s Penetration Test

According to Chainalysis, hackers have stolen more than $1.9 billion from exchanges and DeFi projects by July this year, a 60% increase over the same period of time last year, including more than $600 million from the hack of the blockchain network used by Axie Infinity, a leading NFT GameFi… Read More

Industry Trends

28/09/2022

Four Reasons Why Your Business Should Onboard Crypto Payments with XREX

With the advent of blockchain and cryptocurrencies, many are still wary of using cryptocurrency as a mode of payment. In a report published by Deloitte in July, out of 2,000 US retailers surveyed, nearly 75% of retailers plan to accept crypto or stablecoin payments within the next two years. However, the security… Read More

Industry Trends

01/09/2022

What Did Crypto Lending Platforms Do with Your Money?

The recent crypto market turmoil has been headlined by a series of cascading events, including the collapse of Terra UST and the failure of famed hedge fund, Three Arrows Capital (3AC). Most notable and perhaps most impactful is the rash of distressed centralized crypto lending platforms, which have disproportionately caused… Read More

Industry Trends

04/08/2022

SEC Hunger Games: Coinbase has been chosen, who’s next?

In July 2022, the US Securities and Exchange Commission (SEC) announced insider trading charges against a former Coinbase employee and his two associates. The three defendants allegedly front-ran public listing announcements on the Coinbase exchange and generated $1.1 million USD in illicit trading profits. The insider trading charges alone might barely make… Read More

Industry Trends

19/07/2022

Crypto regulation takes shape with bipartisan Lummis-Gillibrand bill

The long-awaited and highly-anticipated crypto bill Responsible Financial Innovation Act championed by Senator Cynthia Lummis (R-WY) was introduced as a bipartisan proposal co-sponsored by Senator Kirsten Gillibrand (D-NY). The ambitious and comprehensive bill contains several key pillars including regulatory oversight, clarification of definitions and taxation, and banking and payment stablecoins. Read More

Industry Trends

19/05/2022

Stablecoins: A take on their reserves, transparency, regulatory and operational risks

Last week saw the de-pegging of yet another stablecoin. Terraform Labs’ stablecoin TerraUSD (UST) depegged from the USD and hit $0.29 at one point. A further decline in the days following the initial depeg saw UST trading as low as $0.03 at one point. With a market cap of approximately… Read More

Announcements

13/05/2022

XREX Obtains MSB License from US FinCEN

Before FinCEN, XREX acquired an MSB license from Canada and is currently applying for licenses from the Monetary Authority of Singapore. Taipei, Taiwan, May 13 2022 — Blockchain neo fintech company XREX Inc. obtained a Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN), which is a… Read More

Industry Trends

28/04/2022

The Road of Crypto Regulation in the US and Why Crypto Executive Order Is a Historical Milestone

The past year has seen a flurry of cryptocurrency regulation-related activity, particularly from banking regulators. On March 9, U.S. President Joe Biden signed the executive order (EO) on “Ensuring Responsible Development of Digital Assets” amid explosive growth in blockchain technologies and cryptocurrency adoption. Just three weeks ago, U.S. Treasury Secretary… Read More

Industry Trends

31/03/2022

High-Quality Liquid Assets: Tether reduces its cash reserves, but there’s more than meets the eye

On February 21, Tether issued its latest quarterly assurance opinion. The USDT issuer announced that its reserves now exceeded its liabilities. This should have eased concerns over Tether’s ability as the single arbiter of the world’s largest stablecoin in market cap. Instead, it was met with mixed reviews, with some… Read More

Industry Trends

16/02/2022

Virtual Assets in 2022: Is Crypto a Commodity, Currency, or Financial Product?

2021 Virtual Assets-Related Financial News Crypto marched into the physical world in February 2021 when Tesla filed with the SEC regarding its purchase of bitcoin worth $1.5 billion USD and accepted Bitcoin as a method of payment in March (then stopped the Bitcoin payment in May). As a new member of… Read More

Announcements

08/02/2022

XREX Boosts Platform Security with Milestone Crypto Intelligence Partnership

XREX announces its long-term partnership with Mastercard’s CipherTrace, a globally leading cryptocurrency intelligence service providers. The year 2021 was a year of crypto boom. It seemed every other headline was about the birth of another newly minted billionaire who made a windfall by betting on cryptocurrency. The emergence of crypto… Read More