Safeguarding Disclosure

We safeguard customer’s User Funds within the scope of, and in accordance with the European Union (Payment Services) Regulations 2018, and the second EU Electronic Money Directive 2 (EMD2), also known as Directive 2009/110/EC. Not all the jurisdictions where Currenxie operates require or allow this. 

“User Funds” are held in segregated accounts with authorised credit institutions to separate them from Currenxie’s own assets. In the event of insolvency, these funds are prioritised to meet customer claims before other creditors.

Our safeguarding arrangements include:

• Receipt and segregation of User Funds in designated safeguarding accounts.

• Regular audits to ensure compliance with safeguarding requirements.

• Reporting on safeguarding arrangements to the relevant authorities.