The Stellar Lumens cryptocurrency is in the cryptonews again, this time for its effort to bring all of their ideas and development features in a more transparent way to the public. In other words, Stellar is organizing a webinar in which it will help people understand the Stellar Development Foundation and the Elliptic Partnership.
As we can see from a tweet, the webinar intends to teach people “more about compliance and the Stellar Network” and will be held on May 27, gathering leaders from SDF and elliptic as they share more about the SDF and Elliptic partnership as well as its benefits for the network.
Want to learn more about compliance and the Stellar Network? Join our May 27 webinar with leaders from SDF and @elliptic as they share more about the SDF – Elliptic partnership and its benefits for the network.
Register here: https://t.co/zw5JCcNECV
— Stellar | Meridian Oct 28-29 (@StellarOrg) May 14, 2020
Stellar is organizing this webinar in order to consider regulatory compliance as crucial. Therefore, with Elliptic, the crypto project has launched the world’s first Stellar Network Transaction Monitoring System.
In order to investigate crypto-enabled financial crime, exchanges and major financial institutions along with government agencies rely on the transaction screening capabilities of the network in order to ensure authentic and legit transactions.
As we can see in the Stellar news, the businesses based on the network will now get the tools and resources by virtue of the Stellar Partnership with Elliptic. In the webinar that Stellar is organizing, the General Counsel at Stellar, Candace Kelly, is set to talk about how the Stellar Development Foundation is working with Partners on the network to manage risk and operate with transparency and accountability.
The update was also voiced by many crypto experts, one of which was Sydney Ifergan who said that businesses on the Stellar network will “get a lot better with the efficient monitoring system facilitated by the Elliptic Partnership.”
Building Businesses on #StellarNetwork and transacting using #XLM is only going to get a lot better with the efficient monitoring system facilitated by #Elliptic Partnership.
— Sydney TheCMO (@SydneyThecmo) May 16, 2020
Another Stellar Ecosystem Evangelist named Tyler Van Der Hoeven said that the funding free software is a tricky problem, and programmable money could be the solution in the podcast on “Open Source Funding and Remote Community Development with Kevin Owocki from Gitcoin.”
Thank you! Motherhood is the most fulfilling work I’ve ever done – @StellarOrg comes next!
— Denelle Dixon (@DenelleDixon) May 10, 2020
Meanwhile, the price of Stellar (XLM) in the news recorded a decline of 1.22% today as it tries to recoup from the unstable period lately. However, the potential is there for this coin and many experts believe that XLM will rise in the next couple of weeks.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post