Banxso is owned by a South African firm known as Zenfin Financial Services and licensed under the South African Financial Conduct Authority. The operations and services of Banxso are available to the residents of almost all countries outside the European Union. However, there is a handful of countries where the legal tenders might affect the operations of Banxso. These countries are Australia, Canada, Cambodia, Cuba, Ghana, Iran, India, Mongolia, New Zealand, Nigeria, Israel, North Korea, Panama, Pakistan, Syria, Yemen, United Kingdom, Philippines, and the United States of America.