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the Xapo blog

Not All Regulated VASPs are created equal: FTX and the lessons learned
News

Not All Regulated VASPs are created equal: FTX and the lessons learned

Most people understand that a large percentage of the world’s access to the virtual assets space are through regulated VASPs. But what does that mean and what does it mean to be ‘regulated’? One of the core objectives of regulation, and of running a regulated business should be to protect and benefit people and to create secure economic environments for businesses to flourish.

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Savings
Cryptocurrency
News
Savings

Can digital money change the world? This visionary thinks so.

The life savings of a hardworking everyday couple with young children. Wiped out three times in one lifetime. Once due to currency devaluation, then hyperinflation and eventually the confiscation of citizen’s bank deposits by the government. This is not a melodrama, but a recollection of true events.

Savings

Where does a non-US resident go to open a fully functional US Dollar savings account?

The USD is the most used currency in the world. A significant percentage of global foreign trade is done using the USD. All of which make having a USD account important, especially if you carry out international transactions in currencies outside your local currency. Question is, can a person resident in an emerging market get access to a functional USD account?

Cryptocurrency

Your Bitcoins are safe in the Rock

Gibraltar was one of the first jurisdictions in the world to regulate Bitcoin, and Xapo was one of the first companies to obtain a license. How does this keep you safe and what does it mean to you as a customer?

News

Not All Regulated VASPs are created equal: FTX and the lessons learned

Most people understand that a large percentage of the world’s access to the virtual assets space are through regulated VASPs. But what does that mean and what does it mean to be ‘regulated’? One of the core objectives of regulation, and of running a regulated business should be to protect and benefit people and to create secure economic environments for businesses to flourish.

News

Why does crypto hold so much appeal in emerging markets?

In the last few years, adoption of cryptocurrency has continued to grow in emerging markets. The 2022 Global Crypto Adoption Index released by blockchain analysis firm Chainalysis showed the Top 20 countries that had the most people put the biggest share of their money into cryptocurrency.

News

Could offshore banking be right for you?

An offshore bank account is one that you open and operate in a country outside your country of residence. ‍Also called an overseas bank account, an offshore account facilitates the management of your finances in multiple countries and regions.

News

3 things to look for in an offshore bank

An offshore bank account is one that you open and operate in a country outside your country of residence. With an offshore account, you can make and receive international payments, save and invest in several currencies, and sometime even manage your finances across multiple countries and regions.

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