Brazilian crypto exchange XDEX has officially closed its doors.
One of Brazils’ largest cryptocurrency exchanges XDEX has closed its doors, stating a lack of clear regulations as the main cause. XDEX has built a repetition of being a fraud exchange, battling claims for months which they strongly denied, Insisting the reason for closure being on the lack of clear and fair regulations.
The FATF guidelines are being enforced by many leading countries, leading to many outspoken individuals and platforms to contest the rule changes that will take away the annoymity of cryptocurrency users.
XDEX has annouced users will have 30 days to withdraw their funds, with more information becoming available soon.
Till the next time,