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Joined six other Southern European countries in signing an agreement for the advancement of DLT through promotion and legislation.

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Cyprus strategy to take the lead in the blockchain and DLT industry

CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceThe amendment of the Cyprus Prospectus Law effected on the 19th of April 2019, established Cyprus among the leading jurisdictions to launch an STO. The amendment raised the threshold below which there is no obligation to publish a prospectus, with the new amendment you can raise up to 5 million Euro during the crowdfunding without drawing […]https://www.cryptoninjas.net/2019/08/05/cyprus-strategy-to-take-the-lead-in-the-blockchain-and-dlt-industry/
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Cyprus-Based Company, PLC Player Loyalty Ltd. Announces Launching of Pre-ICO for Their Unified Gaming Platform and Rewards Club

Larnaca Cyprus, April 15, 2019.  PLC Player Loyalty Ltd. (PBET) is a Cyprus-based software company that provides innovative solutions to the gaming industry. We have successfully commercialized software products to more than 20 gaming venues. The PBET project is a unique innovation that addresses the convergence between physical and online gaming while allowing the generation of synergies between these channels, thanks to our “Unified Gaming Platform” that embeds cryptocurrency payments. Studies, like the one conducted by Transparency Market Research, evaluates the total revenue generated from online gambling and sports betting to be worth US$ 96.89 bn. by 2024. Physical casinos The post Cyprus-Based Company, PLC Player Loyalty Ltd. Announces Launching of Pre-ICO for Their Unified Gaming Platform and Rewards Club appeared first on CCN
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Cyprus Based Forex Broker FXTM Gets Regulatory License in Mauritius

Forex broker FXTM which has regulatory licenses from CySEC, the FCA and FSCA has announced that it got a license from Mauritius as well. The company has been following its massive expansion plans to move out of Europe and find newer markets with friendlier regulatory regimes to work in. International expansion continues The retail broker announced on Friday that the Financial Services Commission (FSC) of Mauritius had licensed it to operate in the country. The Cyprus-based broker has already received licensing from the Cyprus Securities and Exchange Commission, the Financial Conduct Authority of the UK and the South African Financial Sector Conduct Authority. The brand is focusing on building a wider international presence while maintaining the quality of service available on its platform. Commenting on their new beginnings in Mauritius, an FXTM spokesperson said, “Mauritius is fast becoming an internationally recognized financial supervisor with a strong legal framework, providing protection to the public in non-banking financial products.” The spokesperson also noted that international customers would get a chance to receive services via the newly regulated platform. A move away from Europe FXTM is quickly moving to greener pastures under the leadership of Alpari co-founder Andrey Dashin. Several European brokers are reporting a consistent loss of trading volumes. According to Integral, the total average daily volume was $33.3 billion in February 2019, down by 4% month-on-month. In contrast, January’s volume was $34.7 billion. The volatility in these markets is low, and the volumes have been down since the European Securities and Markets Authority decided to cap leverage in August 2018. The leverage caps by the authority was part of its mission to bring fresh regulatory structures in the market, forcing several firms to look for new markets to expand their business. ESMA suggests that these measures were taken to offer greater investor protection to people across the EU. The idea behind the step was to ensure that people don’t lose more money than what they have put in. Though these measures were put in for three months, ESMA was given the power to review them every three months. South Africa and Bahamas are becoming hotspots for the European firms for getting licenses as they are providing high leverage to their clients. Mauritius is another interesting jurisdiction attracting European operators. Vanuatu is also becoming popular amongst the brokerage as they have a competent financial regulator and provides easier access to banking solutions that these companies may need. The post Cyprus Based Forex Broker FXTM Gets Regulatory License in Mauritius appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies under its provisions. CySEC’s announcement and consultation paper on the matter were […] Cet article Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework est apparu en premier sur Bitcoin Central.
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Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa

Monolith is bringing crypto adoption to the mainstream with a debit card that lets you spend your coins and tokens anywhere in Europe that Visa is currently accepted. The news follows an announcement from UK-based Monolith that they have partnered with MakerDAO and Digix to offer their tokens on the platform. Creating gold for the digital age. pic.twitter.com/Y0FRa5kHiv — Digix (@DigixGlobal) July 1, 2019 The smartphone-based Monolith platform allows you to quickly and easily send and receive cryptocurrencies, including ETH, DAI, TKN, MKR, DGX, and DGD, convert them into fiat currency and pre-load them on to a Visa debit card that is attached to your Monolith account. Mel Gelderman, CEO of Monolith, said MakerDAO and Digix represent high-quality Ethereum decentralized finance projects and are the first in a long set of milestones on Monolith’s roadmap. He said: “We’re thrilled to have had a fantastic response from our beta users and are now ramping up for growth. Rebranding from Tokencard to Monolith has helped us achieve our mission of democratizing finance and bringing the token economy to everyone while providing a unique service to our customers.” Gelderman added: “MakerDAO and Digix are some of the most well-recognized and earliest Ethereum-based projects. For TKN holders, these partnerships mean that MKR, DAI, DGD and DGX are now eligible for use in Monolith. We’re thrilled to offer them on the platform, and see this as the start of bringing many more quality tokens into the Monolith ecosystem. Watch this space.” Self-sovereign banking Monolith means anyone can finally achieve the cypherpunk ideal, of ‘becoming their own bank’, and can effectively live their lives on Ethereum away from big banks and corporations. Once loaded up the Visa debit card can be used at millions of locations across Europe that accept Visa, opening up a world of opportunity for people who want to make a permanent switch to living on cryptocurrencies. You can then spend your cryptocurrencies anywhere Visa is accepted, whether it’s buying drinks, cinema tickets, or anything else you can think of. Tea, Tokens and the Moon landing. Paid for in $ETH with @tokencard_io Best weekend. pic.twitter.com/xeW8obrbzi — Mel 'Monolith' Gelderman (@MelGelderman) August 3, 2019 The service is decentralized and completely non-custodial, with each account holder creating a private seed phrase for their account and having complete control of their finances, allowing them to operate as their own self-sovereign bank. Backing They have the backing of some well-respected figures across the crypto space too, including Rune Christensen, CEO, and founder of MakerDAO. He said: “Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.” The post Monolith partners with decentralized finance heavyweights to spend MKR, DGX and DGD anywhere that accepts Visa appeared first on CryptoSlate.
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Bakkt Cleared Launch | Bitcoin Bullish News!

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Why is Bakkt Important For Mainstream Adoption of Bitcoin (BTC)?

After a year of repeated postponements, we are finally going to have physically-delivered Bitcoin futures. September 23rd is the day when Bakkt is launching its physically-delivered Bitcoin futures contracts after receiving the green light from the CFTC. “Transparency and trust to digital assets,” is what Bakkt vows to bring to the cryptocurrency industry which is […]
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