Currency.com is a Belarus-based tokenized securities exchange and it has officially announced its launch to the public today after the successful beta testing in January. The altcoin news coming from Belarus claims that the platform is the first of its kind in the world.
According to the announcement, Currency.com is the first exchange of its nature that allows investors to trade and invest directly in tokenized financial instruments and the payments can be made using Bitcoin (BTC) or Ethereum (ETH) directly as well. The platform also launched two apps for iOS and Android users which allow them to access the exchange on the go. Other features include the 50 percent margin closeouts and the selling at loss feature.
Currency.com CEO Ivan Gowan said:
“The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.”
Currency.com says that it has 1,000 tokenized securities to offer investors worldwide without the US and Financial Action Task Force blacklist investors. The UK Financial Conduct Authority in partnership with the Cyprus Securities and Exchange Commission-regulated Capital.com company are the ones to provide the technology for the platform.
As it was mentioned in the latest cryptocurrency news at TechChurch, currency.com also launched a tokenized Belarus government bond with the intention of adding more government bonds in the future. The company has also previously stated that it is a fully compliant blockchain-based company under the laws of the country. It also follows the anti-money laundering rules as well as the know-your-customer rules but the EU’s General Data Protection regulations as well.
According to the announcement, Currency.com is now trading more than $20 million per month with about 5,000 users successfully registered during the beta trials in January. The exchange could be the first to launch trading for tokenized securities using crypto as payments but the Gibraltar Stock Exchange also announced to be listing tokenized stocks starting this year. The Singapore Exchange also stated last summer that the country is working on launching a similar platform while the Swiss SIX exchange already started on the development.
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‘’Intranel made us an offer that for 20% of the company they would handle all of the business management and development things like helping with hiring and managing staff, paying tax, lobbying for regulator guidance and all the ‘boring’ business stuff.’’The company offered to contract about 4 people to the developers at a discounted rate and also to provide assistance with finding decent employees for Cryptopia. Since then, the story took a turn for the worse since Intranel hired staff only for themselves and contracted the new employees to Cryptopia and they were given unwarranted managerial latitude so when the exchange was very reliant on the staff, Intranel demanded more than 5% equity in the exchange. The cryptopia co-founder resigned from the position and VCdragon claims that he was not even paid during the 1 month holiday. He stated:
‘’They bled money everywhere they could, we paid for tax on their staff’s flu shots? We paid taxes on Christmas fits to their staff and our company bought the gifts. Everything they were unable to take for themselves they pissed into the wind on needless expenses and luxuries to the company could not afford….that ultimately buried us. ‘’In the coming altcoin news was reported that Intranel also attempted to sell the Cryptopia company and was also nearly bankrupt.
Steve Wozniak Co-Founds Blockchain-Based Energy Firm In Malta
Steve Wozniak is in the latest cryptocurrency news for investing a new blockchain-based company that is headquartered in Malta. In the latest updates we can see that Steve Wozniak co-founds the energy efficiency company named Efforce as a report by the Maltese news daily The Malta Independent issued on July 18 shows.
The reports show that Steve Wozniak co-founded the company along with Jacopo Visetti who - as his LinkedIn profile shows - works in the renewable energy and environment sector. The page also shows that Visetti co-founded Efforce in January 2018 which is approximately one year and seven months ago.
The Efforce’s LinkedIn page also features Steve Wozniak in the news - just like many best cryptocurrency news sites at this time. According to the page, the company provides the first blockchain-based platform focused on investing in energy efficiency, with its main goal of “being recognized as the first and main platform in the world for tokenized energy savings.”
In the report which is viral in the altcoin news, Wozniak is featured for his recent statement about Efforce at the pre-launch for the Delta Summit which is a blockchain conference held in Malta every year.
Now that Steve Wozniak co-founds the firm, he also said that "EFFORCE is a unique business model and we can have a great impact on the entrepreneurship."
As the news show, Steve Wozniak reportedly spoke about his view towards blockchain and how he thinks that blockchain will be a great boon to decreasing the public’s environmental impact without requiring people to change their habits. Wozniak also addressed the local government and its pro-blockchain attitude as the key to Efforce’s decision to launch in Malta.
Steve Wozniak also said that efficiency has always been important to him. He said the idea is to save money on energy but also to do good on the environment. “Blockchain will improve the way we use energy and lower energy consumption without changing our habits,” Wozniak said.
As we previously reported, Steve Wozniak also co-founded a blockchain investment project in October 2018 this year. He founded the venture capital fund EQUI Global to support investments in blockchain solutions.
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