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Industry & Market Trends

Upcoming changes for Indian TDS compliance

Amidst crypto market turmoil, XREX wants to emphasize that we have been unaffected, and all our deposit, withdrawal, BitCheck, and trading features are and will always be perfectly functional.

To fully comply with the new TDS taxation policies, we will suspend our INR support by 31st July; we decided and announced this earlier in June. We hope to remind users still having INR balances to please do one of the following:

a) convert your remaining INR to crypto (USDT, BTC, ETH, etc.), or

b) withdraw your remaining INR, or

c) let the system auto-convert all your remaining INR to USDT on 31st July.

Our USD support remains unaffected.

For assistance, please chat with our customer support team via our mobile or Web apps.

XREX has always upheld the highest risk control and cybersecurity standards and is one of your most reliable exchanges throughout both bull and bear markets. We will continue to expand our current team of 70+ top talents during this economic downturn, and we look forward to releasing some of our best features and content in the coming months.

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 BitCheckXREX Circles, and Risk Level Detector to solve the dollar-liquidity shortage issues faced by cross-border merchants in emerging economies.

Follow XREX on Discord, Telegram, Twitter, Facebook, and LinkedIn.

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