DEXFIN Launching European Crypto Exchange as a Complete Solution for All

DEXFIN Launching European Crypto Exchange as a Complete Solution for All

PRAGUE, Czech Republic, Oct. 29, 2020 (GLOBE NEWSWIRE) — The DEXFIN Exchange is a one-stop solution for digital assets: buy, store, and manage assets, discover new possibilities of trading in virtual reality, save on fees, and make a profit by staking. Users can also take advantage of tokenization, DeFi lending, savings in crypto (BTC, USDT, and DXF), make use of instant payments through Lightning Network with nearly zero fees, and more.

DEXFIN will launch its digital asset exchange on November 25th, 2020. The platform brings in features that will be attractive for many users.

DEXFIN: Crypto Exchange with Trading in Virtual Reality

DEXFIN is a revolutionary FinTech company which provides a top-quality, European crypto exchange where users can do trading more efficiently in virtual reality and manage digital assets all by themselves – easily, quickly, and securely. With a business model based around circular tokenomics, DEXFIN bridges the gap between cryptocurrencies, company capitalization processes and individuals. This is only possible through a transparent, secure and token-based circular economy using blockchain technology.

DEXFIN: Complete Ecosystem

DEXFIN brings in a complete ecosystem with many benefits and advantages to users:

DEXFIN Token (DXF)

– With the DXF Exchange token, users can own part of the DEXFIN infrastructure and gain access to special offers, benefits and discounts.

– Obtain up to 40% from the fees generated through affiliate links.

– Get up to 50% off fees on the DEXFIN platform.

– Receive 11% annual interest when holding DXF.

– Trade DXF on open markets and redeem them for services provided by DEXFIN or other users of the platform.

– Gain percentage share from the newly listed tokens on the DEXFIN platform.

Virtual Reality VR Token and Bonuses

– If a user has 10,000 DXF Tokens or more, they will get a special bonus which is unrivaled in the world of crypto – the VR Tokens will be automatically credited to their account as an airdrop of VICTORIA VR Virtual Reality project:

– For every 10,000 DXF, get a bonus of 100,000 VR Tokens.

– Receive 20% annual interest for locking VR Tokens in staking.

– The only condition is to have the tokens locked in staking for 12 months.

– VR Tokens will be extremely useful for discounted payments within the VICTORIA VR platform set to attract crowds of users, primarily from the gaming sector.

Staking Platform for DXF, BTC, USDT

Staking is similar to keeping money on users’ term deposits but with a significantly higher annual appreciation. Users just hold coins and tokens on the DEXFIN Exchange and generate passive income from their cryptocurrencies:

– DXF 11% annually.

– USDT 11% annually.

– BTC 6% annually.

Savings in BTC, DXF, and DeFi

With DEXFIN, users can set up regular and convenient monthly savings plans in BTC, DXF Token and other digital currencies. users can also make use of advantageous DeFi (Decentralized Finance) loans built over Bitcoin.

Platform for Trading in VICTORIA VR Virtual Reality

Discover a new way of trading and new trading opportunities! While trading in virtual reality, users can see and follow all the needed information at once – insight from social networks, prices of favourite coins and tokens, charts and indicators, and more.

The DEXFIN trading platform allows users to quickly and securely purchase, sell, and manage digital currencies in real-time from a single interface without any intermediaries and with low fees. users can also use the DEXFIN mobile application to manage their assets on the go, at any time.

Lightning Network for Instant Payments, and More

Use the DEXFIN payment gateway for instant payments using Bitcoin with virtually zero fees. DEXFIN is also establishing many other products users will definitely appreciate: Cryptomats, payment terminals, NFC payment cards, NFC rings, an eShop and an educational website which includes a crypto encyclopedia.

Tokenization Platform

In 2021, DEXFIN is preparing to launch a licensed tokenization platform – a modern digital crowdfunding platform based on the blockchain. Many different assets can be tokenized and moved onto the blockchain – private equity shares, stocks and bonds, real estate, precious metals and even fine arts. These tokenized assets will always effectively link the token issuer to the backers of the project. DEXFIN enables companies to raise finances globally, continuously and compliantly. This allows token holders to benefit from their growth and future profit. Anyone who likes your product and mission can easily support that product or mission by buying tokens.

DEXFIN: Based in the Crypto Hub of Europe

DEXFIN is based in Prague, Czech Republic, which is the home of several notable inventions in the field of crypto. Some examples include the first mining pool (SlushPool) which started in the Czech Republic back in 2010 and the world-famous Trezor hardware wallet. The Czech Republic ranks among one of the most crypto-friendly countries in Europe.

DEXFIN, as a complete ecosystem, is home to many exciting features, benefits and advantages that will be loved and sought out by both businesses and individual users. Now, check out all the details on the DEXFIN Platform.

Media contact
Company: DEXFIN
Contact: Kamil Brejcha
Telephone: +420 608 560 996
E-mail: [email protected]
Website: https://dexfin.com/en

SOURCE: DEXFIN

Source: otcpm24.com

Author: News Bureau


DEXFIN Launching European Crypto Exchange as a Complete Solution for All

DEXFIN Launching European Crypto Exchange as a Complete Solution for All

PRAGUE, Czech Republic, Oct. 29, 2020 (GLOBE NEWSWIRE) — The DEXFIN Exchange is a one-stop solution for digital assets: buy, store, and manage assets, discover new possibilities of trading in virtual reality, save on fees, and make a profit by staking. Users can also take advantage of tokenization, DeFi lending, savings in crypto (BTC, USDT, and DXF), make use of instant payments through Lightning Network with nearly zero fees, and more.

DEXFIN will launch its digital asset exchange on November 25th, 2020. The platform brings in features that will be attractive for many users.

DEXFIN: Crypto Exchange with Trading in Virtual Reality

DEXFIN is a revolutionary FinTech company which provides a top-quality, European crypto exchange where users can do trading more efficiently in virtual reality and manage digital assets all by themselves – easily, quickly, and securely. With a business model based around circular tokenomics, DEXFIN bridges the gap between cryptocurrencies, company capitalization processes and individuals. This is only possible through a transparent, secure and token-based circular economy using blockchain technology.

DEXFIN: Complete Ecosystem

DEXFIN brings in a complete ecosystem with many benefits and advantages to users:

DEXFIN Token (DXF)

– With the DXF Exchange token, users can own part of the DEXFIN infrastructure and gain access to special offers, benefits and discounts.

– Obtain up to 40% from the fees generated through affiliate links.

– Get up to 50% off fees on the DEXFIN platform.

– Receive 11% annual interest when holding DXF.

– Trade DXF on open markets and redeem them for services provided by DEXFIN or other users of the platform.

– Gain percentage share from the newly listed tokens on the DEXFIN platform.

Virtual Reality VR Token and Bonuses

– If a user has 10,000 DXF Tokens or more, they will get a special bonus which is unrivaled in the world of crypto – the VR Tokens will be automatically credited to their account as an airdrop of VICTORIA VR Virtual Reality project:

– For every 10,000 DXF, get a bonus of 100,000 VR Tokens.

– Receive 20% annual interest for locking VR Tokens in staking.

– The only condition is to have the tokens locked in staking for 12 months.

– VR Tokens will be extremely useful for discounted payments within the VICTORIA VR platform set to attract crowds of users, primarily from the gaming sector.

Staking Platform for DXF, BTC, USDT

Staking is similar to keeping money on users’ term deposits but with a significantly higher annual appreciation. Users just hold coins and tokens on the DEXFIN Exchange and generate passive income from their cryptocurrencies:

– DXF 11% annually.

– USDT 11% annually.

– BTC 6% annually.

Savings in BTC, DXF, and DeFi

With DEXFIN, users can set up regular and convenient monthly savings plans in BTC, DXF Token and other digital currencies. users can also make use of advantageous DeFi (Decentralized Finance) loans built over Bitcoin.

Platform for Trading in VICTORIA VR Virtual Reality

Discover a new way of trading and new trading opportunities! While trading in virtual reality, users can see and follow all the needed information at once – insight from social networks, prices of favourite coins and tokens, charts and indicators, and more.

The DEXFIN trading platform allows users to quickly and securely purchase, sell, and manage digital currencies in real-time from a single interface without any intermediaries and with low fees. users can also use the DEXFIN mobile application to manage their assets on the go, at any time.

Lightning Network for Instant Payments, and More

Use the DEXFIN payment gateway for instant payments using Bitcoin with virtually zero fees. DEXFIN is also establishing many other products users will definitely appreciate: Cryptomats, payment terminals, NFC payment cards, NFC rings, an eShop and an educational website which includes a crypto encyclopedia.

Tokenization Platform

In 2021, DEXFIN is preparing to launch a licensed tokenization platform – a modern digital crowdfunding platform based on the blockchain. Many different assets can be tokenized and moved onto the blockchain – private equity shares, stocks and bonds, real estate, precious metals and even fine arts. These tokenized assets will always effectively link the token issuer to the backers of the project. DEXFIN enables companies to raise finances globally, continuously and compliantly. This allows token holders to benefit from their growth and future profit. Anyone who likes your product and mission can easily support that product or mission by buying tokens.

DEXFIN: Based in the Crypto Hub of Europe

DEXFIN is based in Prague, Czech Republic, which is the home of several notable inventions in the field of crypto. Some examples include the first mining pool (SlushPool) which started in the Czech Republic back in 2010 and the world-famous Trezor hardware wallet. The Czech Republic ranks among one of the most crypto-friendly countries in Europe.

DEXFIN, as a complete ecosystem, is home to many exciting features, benefits and advantages that will be loved and sought out by both businesses and individual users. Now, check out all the details on the DEXFIN Platform.

Media contact
Company: DEXFIN
Contact: Kamil Brejcha
Telephone: +420 608 560 996
E-mail: [email protected]
Website: https://dexfin.com/en

SOURCE: DEXFIN

Source: news.yahoo.com

Author: DEXFIN


Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators

Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators

With additional reporting from Jason Brett.

Changpeng Zhao, chief executive officer of Binance, exploded onto the cryptocurrency scene in 2017 with a new business model that rewarded customers with his company’s own cryptocurrency, then let them pay fees with the same currency.

Binance Holdings Limited, the world’s largest cryptocurrency exchange conceived of an elaborate corporate structure designed to intentionally deceive regulators and surreptitiously profit from crypto investors in the United States, according to a document thought to be created by its senior executives and obtained by Forbes. Cayman Islands-based Binance is currently responsible for about $10 billion in total crypto trades per day and its founder and CEO Changpeng “CZ” Zhao is one of the few known cryptocurrency billionaires.

The 2018 document details plans for a yet-unnamed U.S. company dubbed the “Tai Chi entity,” in an allusion to the Chinese martial art whose approach is built around the principle of “yield and overcome,” or using an opponent’s own weight against him. While Binance appears to have gone out of its way to submit to U.S. regulations by establishing a compliant subsidiary, Binance.US, an ulterior motive is now apparent. Unlike its creator Binance, Binance.US, which is open to American investors, does not allow highly leveraged crypto-derivatives trading, which is regulated in the U.S.

The leaked Tai Chi document, a slideshow believed to have been seen by senior Binance executives, is a strategic plan to execute a bait and switch. While the then-unnamed entity set up operations in the United States to distract regulators with feigned interest in compliance, measures would be put in place to move revenue in the form of licensing fees and more to the parent company, Binance. All the while, potential customers would be taught how to evade geographic restrictions while technological work-arounds were put in place.

Forbes reached out to Binance founder CZ as well as its chief compliance officer Samuel Lim about the leaked document and didn’t receive a response to our questions. Binance.US CEO Catherine Coley and Harry Zhou, the person identified as creating the document, also didn’t comment. [After the article was published CZ responded with several tweets claiming that the story was incorrect and that the document was not created by a current or former employee. He further wrote that “Binance has always operated within the boundaries of the law.” Ed note: Chief compliance officer Lim had previously sent an email to Forbes confirming that Zhou had been a Binance employee.]

The source of the document, whose identity we’ve agreed not to reveal, says it was first presented to CZ in Q4 2018 by Binance mergers and acquisitions manager Jared Gross, an attorney who Forbes believes is actually the exchange’s general counsel. The source says the document was created by former Binance employee Harry Zhou, a serial entrepreneur, who is the co-founder of Koi Trading, a San Francisco-based cryptocurrency exchange partially owned by Binance.  The file is named “Presentation 2” so there may have been other strategies being considered. Still, an analysis of the document reveals that many of the specifics outlined within it, are already in place.

One of the slides from the leaked slideshow, purporting to show how the “Tai-Chi Entity” could be connected to Binance.

“U.S. Enforcement Mitigation”

The strategy document has four main components, Goals, Proposed Corporate Structure, Regulator Engagement Plans and Long Term License Plans. The first goal, enforcement mitigation, is designed to minimize the impact of U.S. regulation. It explicitly mentions the need to undermine the ability of “anti-money laundering and U.S. sanctions enforcement” to detect illicit activity. More specifically, it describes a detailed strategy for distracting the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC), the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the New York Department of Financial Services (NYDFS).  To do this, the document advocates for participating in the U.S. Department of Homeland Security (DHS) Cornerstone Program for detecting weaknesses in the financial systems. A representative of the Department tells Forbes that Binance.US did participate in the Cornerstone program, as a standard part of the process of becoming a Money Service Business, but declined to comment further. 

Interestingly, Binance itself is now a client of the DHS-funded CipherTrace, based in Menlo Park, California, one of the first security firms with technology explicitly designed to investigate on-chain transactions of the exchange’s own cryptocurrency. Another CipherTrace client is the U.S. Securities and Exchange Commission, which signed a one-year deal with CipherTrace this July. 

While the SEC declined to comment as to whether or not its engagement of CipherTrace was part of a larger investigation into Binance or Binance.US, the contract explicitly states that one of the main reasons for selecting CipherTrace is it is “the only known blockchain forensics and risk intelligence tool that can support the Binance coin (BNB) and all tokens on the Binance network.”

“Insulate Binance from US enforcement”

The proposed corporate structure section starts off with a bold bullet point, “Key Binance Personnel continue to operate from non-U.S. location to avoid enforcement risks.”  In the same section the document details how the Tai Chi entity would act as a magnet for regulatory inquiries, and should be willing “to accept nominal fines in exchange for enforcement forbearance.” Though not readily apparent, the document reveals that the Cayman Islands-based holding company will be connected to an unnamed Delaware C-corporation and the separate Tai Chi entity (see image above), showing how revenue from the U.S. business could be funneled back to Binance, the parent company. “License and service fees paid by the US Service company to Binance are functionally US-sourced trading fees,” the document states. 

But unlike an actual subsidiary whose parent company could be held accountable for regulatory violations, the Tai Chi entity would have little more than a contractual relationship, further “insulat [ing] Binance from U.S. enforcement,” according to the document. Essentially, it would be a decoy. 

The structure diagrammed in the 2018 document was initiated in August 2019 when Delaware-domiciled BAM (Binance America) Trading Services, was registered as a C-corp with an alternative name of Binance.US. The document describes how BAM Trading would license trading and wallet technology from Binance, but according to BAM Trading CEO Catherine Coley, there are no ownership ties to Changpeng Zhao’s Binance. While Coley confirms that CZ sits on her company’s board of directors, she declined to comment on who actually owned the company. “We don’t comment on ownership interests in BAM trading,” she says.

The 2018 document lays out a plan for its new subsidiary to be FinCEN compliant initially in at least 30 U.S. jurisdictions. Binance.US, registered as BAM Trading, has exceeded that goal and currently has a Money Service Business or MSB registered with FinCEN in 59 U.S. states and jurisdictions.

“…with no expectation of success.”

In a part of the leaked powerpoint labeled “Regulator Engagement Plans” it shows that Binance.US is expected to engage the Securities and Exchange Commission, the Commodities Futures Trading Commission and the New York Department of Financial Services, but importantly it explicitly notes that it doesn’t expect to gain approvals from any of them, repeatedly using the phrase “with no expectation of success.”

In the case of the NYDFS, Binance (parent) did get permission to offer its U.S. dollar stablecoin to U.S. investors in 2019. However, the permission stopped short of a full BitLicense, which may just be part of the plan. 

“Consider joining a self-regulatory organization…”

Other regulator engagement plans include joining crypto’s various self regulatory groups in an effort to “demonstrate compliance willingness.” Mentioned specifically is Tyler and Cameron Winklevoss’s Virtual Commodity Association, a self-regulatory group, but Binance.US, the Tai Chi entity, has not yet become a member.  It has however joined several other non-profit trade associations, including DC-based Chamber of Digital Commerce and the Chicago Defi Alliance.

In August Binance.US joined the non-profit Blockchain Association, which describes itself as the “unified voice of the blockchain and cryptocurrency industry.” Almost immediately, Blockchain Association founding member Coinbase, a fierce competitor to Binance, resigned citing concerns over the organization’s credibility. While Coinbase never publicly mentioned Binance.US as the reason for its departure, a Coinbase representative confirmed that lax vetting prompted its exit from the association. Specifically, Coinbase has concerns that Binance.US did business with American investors prior to receiving its MSB license from FinCEN. The Blockchain Association responded to Coinbase’s departure with a tweet expressing regret at the loss, and emphasizing what it describes as “neutral membership criteria”

“Strategic treatment of VPN use at Binance to minimize economic impact”

Notably, the document explicitly calls for the “strategic” use of virtual private networks (VPNs) that obscure traders’ locations as a way to evade regulatory scrutiny by the SEC and the NYDFS. In addition to a guide to using VPN’s on Binance’s website, CZ has in multiple instances advocated for VPN use as a way to obscure a user’s location. In a June 2019 tweet he wrote that VPNs are “a necessity, not optional.” 

“Bitcoin doesn’t have an office.”

Among crypto exchanges Binance is renowned for its execution speed, unique incentives and for its willingness to flout convention. Binance was founded in China in the summer of 2017 by Changpeng Zhao, 44, a cryptocurrency veteran with prior experience at bitcoin wallet provider Blockchain LLC and cryptocurrency exchange, OKCoin. Born in Jiangsu, China, CZ immigrated to Canada in the late 1980s after his professor father was accused of being a “pro-bourgeois intellect,” he told Forbes in 2018. After building a system for matching orders for high-speed traders on the Tokyo Stock Exchange and Bloomberg’s Tradebook, he founded Binance, using a similar interface. Like other crypto-exchanges, the company makes money by charging trading fees, margin interest fees, futures fees and deposit and withdrawal fees. Unlike other cryptocurrency exchanges though, Binance makes its own digital currency, the BNB coin. 

Days before Binance officially launched in July 2017, the exchange raised about $15 million by selling BNB, which could in turn be used to pay fees, and was given away as an incentive for recommending new Binance traders. Binance’s novel approach, which is somewhat reminiscent of Amway-style multi-level marketing organizations, has created loyalty among its customers, and solved the nagging problems of retention experienced by many exchanges. The digital currency, whose float the company actively controls, is now worth $4.4 billion.

While the global market for spot trading cryptocurrency is rather easy to access, derivatives, where investors can leverage their investment by as much as 125X, are highly regulated in the U.S. and elsewhere, with few reputable competitors. Traders flock to Binance, in part because of the leverage they can employ. Binance’s unique crypto-exchange model has been a huge success, especially in Asia. Its growth has been so rapid that only a year after launch, CZ was listed among the Forbes richest in crypto with an estimated wealth of between $1.1 and $2 billion.

Parent company, Binance is currently known to be Cayman Islands based but the exchange first launched in Shanghai. Later as the Chinese government cracked down on cryptocurrency trading, the company moved its headquarters to Japan and then Malta. In May 2020 CZ told former Forbes staffer Laura Shin that Binance’s headquarters were wherever he was. His answer wasn’t necessarily evasive but presented as a rally cry for blockchain’s ideals of decentralized power. “I think what this is is the beauty of the blockchain,” he said. “Like where’s the Bitcoin office? Because Bitcoin doesn’t have an office.”

Last April Binance launched a distributed exchange, or DEX, that purports to directly connect counterparties in a trade without the direct involvement of Binance or any other middleman. The exchange is built directly on Binance’s own blockchain called ‘Binance Smart Chain’, similar to bitcoin, and therefore more difficult—or impossible—to shut down. Think of it as plumbing owned by no one and everyone. Because the exchange is built on the public blockchain, American investors, or anyone else, can use it without disclosing their location or personally identifiable information. DEX, currently in its infancy, is now transacting $340,000 a day.

Fueling the idea that Binance has been side-stepping American regulators, in September, Japanese exchange Fisco filed a lawsuit in the Northern District of California alleging that Binance was the go-to location for “the laundering of stolen cryptocurrency.” To establish jurisdiction in the region, the suit asserts that the off-line computers Binance uses to store much of its cryptocurrency are in California, and that the Amazon servers the exchange uses for its cloud storage are also based in the state. Binance has not responded to our request for comment on the case. On the same day the case was filed, the self-regulatory Financial Action Task Force (FATF), published a report highlighting that the practice of frequently changing headquarters was a key “red flag” characteristic of money laundering.

The alleged author of the Tai Chi document, Harry Zhou, is known for his experience launching American versions of Chinese companies. In 2018, Zhou worked as the general counsel at HBUS, the American arm of Huobi, another Chinese cryptocurrency exchange that set up a compliant shop in the U.S. HBUS has since closed. Zhou is the co-founder of Koi Trading Systems, founded in August 2018 and backed by $3 million from Binance’s venture capital arm. Binance says Zhou is no longer an employee however initial documents for Binance.US list Koi Trading as sharing its address.

Forbes has learned that the Tai Chi document is currently circulating among law firms, accounting firms and others associated with Binance, and there is speculation that the FBI and the IRS may be investigating. When reached by telephone, an FBI agent in the Washington, D.C .field office initially denied knowledge of Binance and hung up. Later, the agent formally issued a “no comment.”

The questions swirling around Binance could hardly come at a worse time. With bitcoin in the midst of a bull run that has surpassed year-to-date gains of Apple, Amazon, Google and Facebook, news questioning the credibility of the world’s largest crypto-currency exchange will be unwelcome by traders. Earlier this month four senior executives of exchange giant BitMEX were indicted by the U.S. Department of Justice for allegedly violating the Bank Secrecy Act. In another case crypto-exchange OKEx briefly shut down operations after it lost touch with an executive said to be cooperating with a Chinese government investigation. All those charged at BitMEX have stepped away from daily duties. Co-founder Ben Delo says he will “defend himself against these allegations vigorously.” BitMEX released a statement saying “we strongly disagree with the U.S. government’s heavy-handed decision to bring these charges, and intend to defend the allegations vigorously.”

So far, Binance.US has been a paragon of corporate American citizenship, both playing nice with regulators, and winning a shining reputation with a series of philanthropic ventures, not the least of which was Crypto Against Covid that raised almost $5 million to fight the Covid-19 pandemic. Binance and Binance.US are two of only five exchanges to win the highest rating on CoinGecko’s new Trust Score that measures the reliability of an exchange’s reported trading volume.

As for the Tai Chi document, perhaps the most important objective set out in the strategic plan is a directive inserted at the bottom of one of the pages. It says that eventually the entity should be consumed by its creator: “Binance to acquire the US operation at a nominal price and rearrange its leadership when it has served its purposes.” Thus “overcoming,” fulfilling the second principle of the ancient martial art.

Source: www.forbes.com

Author: Michael del Castillo


Mongolia’s Biggest Bank Dives Into Cryptocurrency

Mongolia’s Biggest Bank Dives Into Cryptocurrency

Mongolia continues to make slow but steady steps towards becoming a crypto-friendly country. The biggest bank in the nation will soon start offering crypto services as announced on October 30, 2020. Some of the services that it will offer include deposits, loans, remittance, custody, and crypto-asset management.

According to DDaily, Hexland blockchain company and white label tech company Delio have already agreed to work with the Ulaanbaatar-based Trade & Development Bank of Mongolia or TDB Bank. TDB is one of the oldest banks in Mongolia and it has at least 50 branches across the country which enables it to rank second out of 17 Mongolian banks based on total assets.

Nonetheless, this deal is not limited to the three parties mentioned above. The media outlet also stated that a Mongolian mineral resource and blockchain company, MDKI, who partners with the likes of Bitfury crypto mining giant, is also featured in the agreement. Normally, TDB Bank works with various industrial clients.

Its portfolio features at least 400 Mongolian companies and it offers them services like trade loans, project loans, financial consulting, and much more. On the other hand, Hexland offers services like wallet development, blockchain smart contract development and verification, and many other solutions.

One unnamed official from Delio told reporters:

“Through this partnership, we are in full swing to enter the global virtual asset financial market, with the most resources possible.”

But, a launch date is not yet officially set for offering these crypto services to the Mongolians. Last year, Ulaanbaatar City’s administration reportedly agreed to partner with Terra, a South Korean blockchain firm, to replace the payment methods for government subsidies and utility bills with the Terra stablecoin eventually.

Since 2018, Mongolia has been taking steps in the crypto space and the country’s biggest mobile telecoms operator became the first licensed entity to issue a digital currency.

Source: www.cryptovibes.com


Winklevoss Twins’ Crypto Exchange ‘Gemini’ Now Supports the Euro (EUR) – news.kuaidiantou.vip

Winklevoss Twins’ Crypto Exchange ‘Gemini’ Now Supports the Euro (EUR) – news.kuaidiantou.vip

On Wednesday (October 28), crypto exchange Gemini announced support for the Euro (EUR).

The Winklevoss twins—Tyler and Cameron Winklevoss—are the co-founders of Gemini Trust Company, LLC (which operates the Gemini digital asset exchange) as well as family office Winklevoss Capital Management, LLC.

In a blog post published yesterday, Team Gemini said that the exchange now supports the Euro for deposits and trading. It is now possible to buy all cryptoassets supports on Gemini with EUR via Gemini’s mobile app and/or the Gemini website either using a debit card or by transferring EURO from your bank account via SWIFT or SEPA.

Furthermore, Gemini has launched ActiveTrader™, its crypto trading platform for experienced/professional traders, which offers features such as “advanced charting, multiple order types, auctions, and block trading.” Currently, ActiveTrader has order books for these trading pairs: BTC/EUR, ETH/EUR, BTC/GBP, and ETH/GBP.

On September 24, Gemini announced that it had expanded its UK operations to make it easier for UK users to buy, sell, and store cryptoassets. Gemini CEO Tyler Winklevoss said that support for the British Pound (GBP) was added in order to provide a better/localized experience for UK residents, who can now buy crypto using either a GBP-based debit card or by depositing GBP into their Gemini fiat wallet via their bank. In the case of the latter, the payment to Gemini can be made using Faster Payments, CHAPS, or SWIFT.

Source: news.staging.app.kuaidiantou.vip


The Crypto Frontier Podcast: Regulation is not a naughty word

The Crypto Frontier Podcast: Regulation is not a naughty word

Hear from the industry’s best and brightest about the latest news in Australia’s crypto markets in our newest show, The ‘Crypto Frontier’ Podcast.

Host and managing director of Kraken Australia, Jonathon Miller, interviews guests, talks about the latest in market data trends and goes behind the scenes to explore the technology that powers the future of finance.

In this episode, Jonathon speaks with Marco Santori, chief legal officer for Kraken and cryptocurrency legal expert about the role of regulation in the crypto and digital assets space.

Regulation is considered a “naughty” word in the crypto realm, traditionally a locale for the expression of libertarian values, but this may be a misconception. Marco talks though some of the history of the relationship between regulators and finance, and how this plays out for crypto, and why it could be considered a “good” thing.

Click below to tune in and learn more.

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    Source: stockhead.com.au

    Author: Kraken


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