Paxful announces the arrival of its crypto card in Mexico

Paxful announces the arrival of its crypto card in Mexico

In accordance to what’s identified, this partnership will permit Paxful’s prospects from Mexico to make use of their digital cash to fund the cardboard, and pay at any PoS terminal out and in of Mexico. On prime of that, they may even be capable of withdraw money at ATMs, with zero charges.

Source: gentlecrypto.com


Crypto Asset Rating Inc Now Seeking Community Support on Fundopolis

Crypto Asset Rating Inc Now Seeking Community Support on Fundopolis

NEW YORK, Oct. 29, 2020 /PRNewswire/ — Crypto Asset Rating Inc, The USA based Fintech Company, announced it is now seeking funds through its crowdfunding campaign on Fundopolis. Any individual can now invest in Crypto Asset Rating Inc and help support its mission to Transform Global Capital Markets.

Crypto Asset Rating Inc Now Seeking Community Support on Fundopolis

Crypto Asset Rating Inc. (the “CAR Inc”) is a FinTech company driven to plug the gaps in the crypto market and bridge the governance institutions with the existing and new thought leaders of the crypto industry.

The crypto industry holds invaluable opportunities towards exponential economic growth through financial inclusion and participation of the masses. A new world is being born out of reinvention of the financial systems built on unprecedented technological advances. And the Company is already in play to reap the benefits for its investors.

The Funds will be used for working capital, Marketing, and Product Development to the next level.

Those interested in investing in Crypto Asset Rating Inc can visit: https://www.Fundopolis.com/CryptoAssetRatingInc

The terms for the Investment are

Key attributes for Investment

Minimum Investment

$100.00

Maximum Investment

$50,000

Offering Type

Convertible Note

Maturity Date

2years

Discount Rate

20%

Annual Interest

7%

Fundopolis is an equity crowdfunding portal that aims to make it simple for individuals and communities to invest in and support the small businesses they love. For individuals who choose to invest, Fundopolis aims to provide the highest degree of transparency about the status of their Investment and how they will receive payment and/or redeem perks.

“We are thrilled to have Crypto Asset Rating Inc raising funds on our site,” said Jan Steenbrugge, founder and president of Fundopolis. “We are proud and honored to support Crypto Asset Rating Inc’s campaign and hope that by giving them access to the capital they need – Crypto Asset Rating Inc will thrive.”

To learn more about Crypto Asset Rating Inc, please visit: https://www.CryptoAssetRating.com

About Crypto Asset Rating Inc
TRANSFORMING GLOBAL CAPITAL MARKETS
Founded in 2018, Crypto Asset Rating Inc (The “CAR INC”) is USA based Fintech company. Crypto Asset Rating Inc believes in solving four key challenges of the FinTech Industry

  • Minimal Regulatory Oversight: Crypto Asset Rating Platform (CARP), an Independent Structured Rating Agency, comprehensively rate crypto assets for Institutional and Retail Clients. The Company developed a custom rating algorithm to conduct an exhaustive multi-layered evaluation covering four distinct risk buckets—business, financial, legal, and technology.

  • Illiquid Asset Market: Tokenization Asset Platform (TAP) is a Software as a Service (SaaS) tokenization platform that offers the process of creating, issuing, managing, and converting an asset to digital securities programmatically on Blockchain in a more restrictive and compliant way by embedding the logic in Smart Contracts. TAP also allows an issuer to create securities under various jurisdictions in a compliant way with a lock period, define vesting schedules, configure transfer and selling restrictions for inside and outside the exchange in accordance with regulatory rules, investor whitelisting, perform KYC and AML checks, the digital securities recovery process, provide dividend distribution of tokens and conduct a voting event for shareholders.

  • Trusted Community Deficit: The Company’s quality content knowledge platform, Crypto Business World (CBW), is the one-stop-shop for all updates in the crypto market. It integrates in-house and external content to deliver subject matter across all platforms—news and articles, videos and podcasts, analysis reports, and press releases. Additionally, it incentivizes industry experts to publish verified content on CBW through its ‘Content Marketplace’ feature. Thus, a trusted community (External Analyst-EA) is being developed. The Company developed a custom profile and consensus algorithm to nurture the trusted community.

  • Lack of Knowledge: The Crypto Training Platform (CTP) aims at leveraging experts and specialists from all of the Company’s products and their knowledge to deliver Massive Open Online Courses (MOOC) and learning platforms and partnerships. This platform is a personal dream of the CEO and is currently under development.

  • Keeping the FinTech world’s prospects in the upcoming years, Crypto Asset Rating Inc has isolated planning to develop other fintech product and services like Crypto Index, Exchange rating, Sovereign rating, ETF rating: that procures revenue potential. 

    About Fundopolis
    Fundopolis empowers individuals and communities to invest in and support the small businesses they love. By placing intuitive technology and services in business owners’ hands, Fundopolis helps fund their growth and manage the full funding lifecycle, all while cultivating more profound relationships with their customers. To learn more, visit www.fundopolis.com

    Cision

    View original content:http://www.prnewswire.com/news-releases/crypto-asset-rating-inc-now-seeking-community-support-on-fundopolis-301163038.html

    SOURCE Crypto Asset Rating Inc

    Source: news.yahoo.com


    Fidelity Investments’ crypto arm expands custody to Asia

    Fidelity Investments’ crypto arm expands custody to Asia

    Constancy Investments — one of many largest asset managers on the planet — continues to increase its international attain within the cryptocurrency business via its devoted crypto subsidiary.

    In response to an Oct. 29 Bloomberg report, Constancy Investments’s crypto department Constancy Digital Asset Providers has partnered with a Singaporean startup Stack Funds to increase its custody companies in Asia.

    Inside the partnership, Stack Funds will present entry to Constancy’s custody companies to its shoppers in a bid to satisfy rising demand from high-profile buyers and household workplaces within the area. Stack Funds executives stated that custodied property shall be topic to month-to-month audits and investor protections like insurance coverage protection.

    Christopher Tyrer, head of Constancy Digital Belongings Europe, stated that the brand new partnership will give the corporate a greater image of investor demand in Asia, stating:

    “There’s a crucial want for platforms which have a deep understanding of what native and regional buyers are searching for has traditionally been missing within the digital asset area.”

    Since its launch in late 2018, Constancy Digital Belongings has been increasing its companies worldwide. In December 2019, Constancy Digital Belongings established an official entity in the United Kingdom to supply companies to European institutional buyers.

    Crypto-related demand is quickly rising in Asia as numerous firms have been increasing their companies to the area in latest months. In early October 2020, main American crypto change Gemini introduced that the agency was expanding in the Asia-Pacific region with a brand new high-profile rent. Chainalysis — a significant international cryptocurrency analytics agency — stated that it was launching new offices in Singapore and Tokyo to higher service prospects within the Asia-Pacific area.

    — to cointelegraph.com

    Source: gentlecrypto.com


    Meet the Crypto Autopilot - A New Way to Generate Bitcoin Returns

    Meet the Crypto Autopilot – A New Way to Generate Bitcoin Returns

    OSOM, an Estonian Fintech, launched an AI-powered trading service that helps users increase their crypto holdings with little to no effort – Crypto Autopilot.

    What is Crypto Autopilot about?

    Driven by the desire to make the life of crypto users easier, OSOM created an algorithm that automatically locates growth opportunities among over 30 altcoin pairs of Bitcoin. The aim of Autopilot is to obtain the best long term returns for its users.

    Available on the OSOM app, the Autopilot can be accessed via Web, Android or iOS apps. Note that it works just with Bitcoin, due to its market capitalization and big number of altcoin pairs.

    How are altcoins chosen for trading?

    Deciding what altcoins are best for the trading activity isn’t an easy task. First, there’s a lot of changes in the market, so every second counts. That’s why Autopilot adapts automatically to any difference of value.

    Second, all the cryptocurrencies need to meet the following quality criteria:

    • High market cap
    • High liquidity
    • Authenticity
    • No stable or privacy coins

    And third, an arbitration committee of experts from OSOM and their Belgian business partner InvestSuite (who designed the algorithm) daily refines the token universe within which the Autopilot trades. After that, the AI makes sure through each trade that no coin is allowed to dominate the crypto portfolio along by optimizing entry and exit timing.

    Why is the Crypto Autopilot so special?

    First of all, one of the greatest benefits of this algorithm is its world-class performance. OSOM’s Crypto Autopilot manages to consistently beat competing offerings in the long run. Another important thing to notice is that as opposed to other trading algorithms, the Crypto Autopilot doesn’t require monthly fees. On the contrary! OSOM charges you only if you had positive results during the month – and just 10% of the return.

    Another great benefit is that the users of Autopilot can check the Insights page in the app – which shows the assets accounting for most of the allocated funds. That way, users can have an overview of the trading activity.

    Who operates OSOM?

    OSOM is a brand operated by Polybius, a Belgian-Estonian group specialised in platform development that started its activity in 2018. It was founded by Anton Altement, Ivan Turygin and Sergey Potapenko, with the aim of developing solutions for financial inclusion.

    With features such as Autopilot, they sustain the raising of the cryptocurrency industry, leading to a better world and empowering the small guy.

    If you want to find more about OSOM innovations, feel free to follow them on social media or on their website!

    Website: https://osom.finance

    Facebook: https://www.facebook.com/osom.finance.PLBT/

    Twitter: https://twitter.com/osom_finance?lang=en

    Instagram: https://www.instagram.com/osom.finance/

    LinkedIn: https://www.linkedin.com/showcase/osom-finance/

    Source: insidebitcoins.com

    Author: Article Info Author: Alan Draper Last Updated: 29 October 2020


    Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper | Regulation Bitcoin News

    Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper | Regulation Bitcoin News

    Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

    A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule.

    Digital currency companies, otherwise known as Virtual Asset Service Providers (VASPs) in the eyes of global regulators are concerned about regulation and compliance this year. In fact, in the recent report written by the Digital Currency Group (DCG), the survey’s findings indicate over 150 crypto executives said regulation is the top concern. Currently, a great number of crypto firms are drawing up plans in order to comply with the Travel Rule.

    The ‘Travel Rule’ is a descriptive label for the Bank Secrecy Act (BSA) rule [31 CFR 103.33(g)]. Basically, the rule mandates that all companies that deal with finances have to pass on transmission data like KYC/AML to the next financial institution. “The funds’ transfer rules are designed to help law enforcement agencies detect, investigate and prosecute money laundering and other financial crimes by preserving an information trail about persons sending and receiving funds through funds transfer systems,” financial regulators explain.

    Back in June 2019, FATF had published the “Interpretive Note to Recommendation 15,” which mandates that VASPs have to comply with the regulator’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) guidance. The recommendation from FATF concerning digital currency businesses also clarified that VASPs also must comply with the Travel Rule.

    More recently, the Financial Action Task Force (FATF) published its FATF Plenary on June 30, 2020. The documents show that cryptocurrency businesses would get a 12-month extension in order to become compliant with the Travel Rule. The rule will apply to VASPs when clients transfer funds exceeding $3k, and the VASPs will be required to share KYC/AML information about the service’s clientele.

    FATF’s Travel Rule has sparked the creation of the United States Travel Rule Working Group (USTRWG) which recently published a paper called the “Travel Rule Solution” version one.

    The USTRWG paper notes that the working group acknowledges that the regulatory landscape is constantly changing and still evolving globally. The group’s paper dated “October 2020” gives great detail into how these specific U.S. VASPs plan to comply with the Travel Rule.

    “The ultimate objective of the USTRWG is to solve the industry’s three key components to Travel Rule compliance applied to the virtual currency industry: (1) governance, (2) reliable counterparty identification, and (3) secure data transmission,” the USTRWG paper reveals.

    “The USTRWG solution addresses these functions by proposing: (1) a governance structure to facilitate the formation of a trusted VASP network, (2) a centralized “bulletin board” mechanism to enable identification of transaction counterparties, and (3) an encrypted, point-to-point communication channel to securely transmit required Travel Rule information between VASPs,” the paper’s authors add. Of course, the USTRWG understands that the solution and phased approach will develop differently in a myriad of global jurisdictions.

    The USTRWG paper further states:

    The solution aims to address the governance, technology, and security needs presented by Travel Rule compliance. The solution initially addresses the U.S. Travel Rule requirements and will evolve over time through a phased approach to enable compliance across different jurisdictions.

    USTRWG’s attempt to comply isn’t set in stone and it is uncertain if regulators would approve such coordination. With the 12-month extension, VASPs are expecting the FATF’s Travel Rule to go into effect by June 2021. USTRWG’s paper says that the working group is very “committed to effectively implementing the Travel Rule solution.”

    Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

    Moreover, the working group details that future USTRWG publications will explain how things are going and evolving within the VASP community.

    “Ultimately, the vision and objective of the USTRWG and the proposed solution is to build a VASP network to standardize the VASP discovery/identification process and transmission of Travel Rule data across multiple regulatory regimes in a compliant and secure manner,” the paper’s authors add.

    What do you think about the upcoming Travel Rule and the recently formed USTRWG? Let us know what you think about this subject in the comments section below.

    Bank Secrecy Act, Bitcoin, Bitcoin regulation, crypto standards, fatf, fatf bitcoin, fatf crypto, fatf cryptocurrency, fatf stablecoins, Financial Action Task Force, Regulation, Travel Rule, Travel Rule FATF, USTRWG, VASPs, virtual asset service providers., working group

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

    Source: news.bitcoin.com

    Author: Regulation

    by
    Jamie Redman


    Paxful announces the arrival of its crypto card in Mexico


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