It’s been a remarkable week so far in financial markets and it seems there’s still plenty more to come. It’s been a tough month for investors, forced to watch on as central bank tightening expectations hammered risk appetite and, in turn, stock markets. This has been largely accepted as a consequence of inflation being allowed […]

What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. The currency has taken a nasty spill this week, falling a massive 1.73%. US GDP outperforms The markets are still […]

Data published in the International Journal of Nanobiotechnology Peer-reviewed preclinical data in an anti-PD-1 resistant lung cancer model show that adding NBTXR3 to a combination of radiotherapy, anti-PD-1, and anti-CTLA-4 produced significant antitumor effects against both primary and secondary tumors, improved the mouse survival rate from 0 to 50%, and induced long term antitumor memory […]

The post NANOBIOTIX Announces Publication of New Preclinical Immunotherapy Data Showcasing the Combination Potential of NBTXR3 With anti-PD-1 and anti-CTLA-4 appeared first on Fintech News.

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Gatos Silver, Inc. (“Gatos Silver” or the “Company”) (NYSE: GATO) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Gatos […]

The post Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Gatos Silver, Inc. (GATO) on Behalf of Investors appeared first on Fintech News.

PlanB’s S2F/S2FX models are scientifically invalid and have fundamental issues that may lead investors astray.

Fed Day: US stocks gave up earlier gains as Treasury yields surged after Fed Chair Powell signaled they will use their tools to make sure inflation does not become entrenched, paving the way for a March liftoff. Earlier, the stock market may have gotten too pessimistic and priced in too much of a slowdown that […]

The British pound has ticked higher, trading just above the 1.35 line in the North American session. We could see stronger movement from GBP/USD later today, after the release of the FOMC policy decision. The British pound is sensitive to risk, so a strong reaction from the financial markets will likely be reflected in the pound’s […]

Financial markets, and in particular the real estate sector, are currently booming across the globe. Especially in Europe, where many citizens prefer safer assets over highly volatile investments s...

On Monday, January 24, the Central bank of Russia was forced to halt purchases of foreign currency in an attempt to stop a tremendous plunge in the stock market and the value of the ruble.

Eventus Systems, a provider of multi-asset class trade surveillance and market risk solutions, announced today that Bitbuy, a Canadian-based cryptocurrency trading platform (recently approved as a regulated marketplace) will be using the Eventus Validus platform to meet all of its trade surveillance needs. With more than 375,000 users and $4.4 billion transacted through its platform, […]

The post Regulated Canadian crypto trading platform Bitbuy deploying Eventus for trade surveillance appeared first on CryptoNinjas.

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]

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Bumble Inc. (“Bumble” or the “Company”) (NASDAQ: BMBL) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Bumble investments or […]

The post Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Bumble Inc. (BMBL) on Behalf of Investors appeared first on Fintech News.