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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by arh0070on Mar 27, 2023 11:10am
243 Views
Post# 35362333

Thomas post

Thomas postWell its good to hear from Thomas after a long break .I thought he had been "redeployed".
In his post he admits that the company was in fact formally audited ,presumably by a government entity .
I dont think (but I might be wrong)that the company has actually admitted to this before .
Not sure who requested the audit ,presumably the provincial government or federal government tax authorities.
This is a problem for all Crypto related entities both in Canada and especially the Us that the regulatory authorities are basically trying to shut down Crypto .Just look at Coinbase news to see what I mean .The government,the SEC and tax authorities want control over everything and Crypto is currently outside thier control.
Impossible to know where this will end ,the SEC in the US is run by a liberal democrat who is leading the charge egged on by people like Bernie Sanders et al .
The good news is that Bitcoin and to a lesser extent Ethe have rallied strongly so trading volumes will have increased.Alt coins still very bad.
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