Broex, broex.io

The Broex project enables many citizens to store and carry out various operations with the most mysterious and unknown area of investment for most citizens, namely, to own and exchange various types of cryptocurrencies.

• This direction has recently become more and more popular among numerous segments of the population, primarily due to the rapid growth of quotations of various cryptocurrencies, supported primarily by the faith of citizens in their growth, and speculative sentiment among large owners.
• At the same time, their official status and state legislative regulation in most countries has not yet been finally determined and ranges from complete prohibitions to permission and welcome, subject to the timely payment of taxes and the absence of money laundering and terrorist financing.
• The blockchain technology, on the basis of which the majority of modern cryptocurrencies are created, is a decentralized system for building virtual blocks encrypted according to a certain algorithm, has received well-deserved recognition from the world's leading financial regulators.

The company we are going to look at next is called Broex. It offers the public the services of a cryptocurrency wallet and an exchanger, that is, storage, purchase, sale, exchange for each other and for fiat, that is, currencies regulated by law as a means of payment in a given country.

Terms of cooperation with Broex

According to Broex representatives, they have 40 types of different cryptocurrencies and more than two thousand different tokens in circulation. Replenishment of the account can be carried out by bank transfer from a bank card and other alternative methods.

• It is mandatory to carry out account verification, that is, the provision of identity documents.
• Moreover, it is simple, and there is one interesting detail - confirmation of income is not required. That is, any plumber can quietly mine a hundred bitcoins and bring them to this resource, and no one seems to be interested in where he got the money for the initial investment.

Country of registration and availability of licensing

• In this regard, too, everything is not as smooth as we would like. The company is officially registered as a legal entity far beyond the Russian jurisdiction, in Estonia. Although this country is one of the most advanced in this matter. It was created relatively recently, in 2020.
• The authorized capital is only 12 thousand euros, which can sometimes do a disservice. Since in any disputed cases, all investors, from Estonia and other countries, will be content with only this amount.

The company can provide a license from the Estonian government, but why the list did not include a company capable of presenting permission from the Central Bank of the Russian Federation for depositary activities is not clear. It is better not to trust Broex, so as not to completely lose your money.