The Albania Financial Services Authority issued a public warning about the illegal activity of the TXEX platform and similar platforms XUEXA and GROKREXDUU, stating that these entities are not licensed or authorised to provide investment services in Albania. The platforms present themselves as investment applications offering so-called “buy signals” for crypto-assets and create the impression that users can influence prices and generate profits, but the Authority states the mechanism is fictitious and does not reflect real transactions. It considers the activity to breach applicable legislation and to constitute fraudulent conduct that directly harms the interests of Albanian investors, and notes that it has not licensed or authorised any entity to operate in these markets under Law No. 66/2020 on financial markets based on distributed ledger technology.
Albania Financial Services Authority 2025-08-28
Albania Financial Services Authority warns investors that TXEX, XUEXA and GROKREXDUU crypto-asset signal apps are unauthorised
The Albania Financial Services Authority warned about the illegal activities of TXEX, XUEXA, and GROKREXDUU, which lack licenses to provide investment services in Albania. These platforms falsely claim to offer crypto-asset "buy signals" and profit opportunities, but the Authority considers their operations fictitious and fraudulent, violating Law No. 66/2020. No entity is authorized to operate in these markets under current legislation.