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Belarus Launches First Legitimate Crypto Exchange

Belarus, a former Soviet republic that legalized cryptocurrencies in late 2017, has finally launched its first legitimate crypto exchange. The venture is projected to generate $70 million USD in profits in 2019. Also read: Binance Now Trading Cryptos, EUR and GBP at Jersey-Based Exchange Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Belarus Crypto Exchange Opens the Nation’s Door to Digital Assets Investment in the Minsk-based exchange, called Currency.com, comes from local local IT tycoon Viktor Prokopenya, the owner of VP Capital, and Russian entrepreneur Said Gutseriyev, head of Larnabel Ventures, with the two partners providing a total of $10 million. The founders of Currency.com said the project has “excellent prospects” and is focused on tokenized securities as well as cryptocurrencies. They expect Currency.com to benefit from providing crypto investors with tokenized versions of traditional financial instruments and a legal gateway between fiat currencies and cryptocurrencies, forecasting a profit of $70 million in the first year of operations. Can Currency.com put Belarus on the map in the cryptoeconomy? Belarus was one of the first countries of the former Soviet Union to adopt national crypto-friendly legislation. In December 2017, the country’s president Alexander Lukashenko signed a decree legalizing cryptocurrencies, crypto-mining, and Initial Coin Offerings (ICOs). The move, which was supposed to improve the country’s chances in the global digital race, was met by many with skepticism. Although the country has a relatively well-developed and profitable IT sector, its heavily state-controlled economy and authoritarian political regime had largely discouraged Belarus’s integration into the global crypto space. The first year since the enactment of the crypto legislation turned out to be rather uneventful. However, the launch of Currency.com could come as a push for Belarus’s crypto economy, making it a leading crypto country at least in the Eurasian Economic Union, an economic bloc formed by several former republics of the USSR. The union’s other members, including Russia, have made a considerably slower progress towards legalizing crypto than Belarus. What Can Users Expect? Currency.com will support trading with U.S. dollars, euros, Belarusian and Russian rubles, bitcoin and ether, as well as tokenized commodities and stock. Initially, the exchange will only support bitcoin and ether to prevent any illegal transactions, as the founders promise substantial anti-money laundering measures. Currency.com won’t support privacy cryptocurrencies, such as Monero, Prokopenya was quoted as saying by the Russian daily RBC, adding that Belarus has anti-money laundering standards that are “in line with best global practices, including recommendations from [the Financial Action Task Force on Money Laundering] FATF.” What’s your take? Is the new Belarus crypto exchange a sign that nations both big and small are no longer able to ignore digital assets? Let us know in the comments section below. Images via Pixabay The post Belarus Launches First Legitimate Crypto Exchange appeared first on Bitsonline.
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Belarus Launches Platform That Lets Users Trade Tokenized Securities

Eastern European nation Belarus has launched a new platform that lets users purchase tokenized versions of traditional financial assets… The post Belarus Launches Platform That Lets Users Trade Tokenized Securities appeared first on Invest In Blockchain.
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Buy Shares With Crypto as Belarus Launches ‘Worlds First Regulated Tokenized Securities Exchange’

Belarus based startup Currency.com recently announced the release of their trading platform for tokenized securities. The worlds first fully regulated tokenised securities exchange is finally here!Watch the video below to find out how it all works! Don't forget to like & subscribe.https://t.co/dmyHxwk3iz — Currency.com (@CurrencyCom) January 15, 2019 Their Press Release stated: “Currency.com is accessible to all types of investors and will issue over 10,000 tokenized securities (starting with 150+), which will track the underlying market price of common financial instruments, such as global equities, indices, and commodities. For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users will be able to buy these tokens on Currency.com directly using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to trade them on margin.” In a statement to the press regarding the launch, the company’s CEO, Ivan Gowan said: “We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus' Decree No. 8 ‘On the Development of a Digital Economy.” The project is launched more than a year after Belarusian President Alyaksandr Lukashenka legalized transactions in cryptocurrencies such as Bitcoin. Lukashenka signed the decree on December 22, 2017. Decree No. 8 legalizes businesses based on blockchain, providing a legal status for tokens and smart contracts and legalizing operations related to mining, keeping, buying, selling, distributing, or exchanging cryptocurrencies, such as exchange services, digital tokens, initial coin offerings, and mining operations. Currency.com is fully compliant with Decree No. 8 and implements best-in-class Anti-Money Laundering (AML) and Know Your Customer (KYC) laws and strict data and customer protection rules to the same level as the General Data Protection Regulations (GDPR). It has also developed robust in-house compliance mechanisms that ensure that all client deposits are protected by advanced security measures.
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Platform Launched in Belarus to Allow Users Buy Traditional Assets with Bitcoin

VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.   Belarusians Now Buying Shares and Gold with Bitcoin Cryptocurrency investors in Belarus...Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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