Kategorie: Crypto Business

Crypto.com has become the first global cryptocurrency exchange to sign the undertaking with the Ontario Securities Commission (OSC).

Crypto.com, one of the world’s leading crypto platforms, has signed a key agreement with Canadian securities watchdog the Ontario Securities Commission (OSC), according to details the platform shared on Tuesday.

The exchange, whose growth over the past two years has included major deals and partnerships, announced that it had secured a Pre-registration Undertaking with the OSC in Canada, a regulatory step recognised across the country via the Canadian Securities Administration (CSA). 

Crypto.com, the agreement with OSC makes the exchange the first global crypto platform in the country to operate within the parameters of such a regulatory undertaking.

Compliance is key

The terms of the pre-registration undertaking allows Crypto.com to work with the securities watchdog. Key from this is regulatory compliance, which means the exchange will offer its services and products to customers within the confines of Canadian regulations, the press release detailed.

Crypto.com CEO Kris Marszalek commented that the agreement with the Ontario securities regulator is part of the compliance efforts that “underscore” whatever the platform does. This latest chapter will help them better serve their North American customers.

“The North American market, and Canada specifically, represent a significant area of potential growth for the crypto market, and we are proud to work with the OSC and the CSA in providing Canadian customers access to a safe, secure, and reliable global platform,” Marszalek added.

The OSC agreement adds to several other regulatory footsteps Crypto.com has made in Canada. These include registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as well as Quebec’s Autorité des marchés financiers (AMF).

The announcement also adds to major regulatory scores Crypto.com has secured across the globe, including in Singapore, the UAE, South Korea, Greece, Italy and the Cayman Islands.

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Crypto.com is now a registered virtual asset service provider in the Cayman Islands a few weeks after obtaining its licence in Dubai. 

Crypto.com, one of the world’s fastest-growing cryptocurrency platforms, announced on Thursday, August 11th, that it had received registration and regulatory approval as a Virtual Asset Service Provider from the Cayman Islands Monetary Authority. 

Tha ks to this latest development, Crypto.com can offer a suite of products and services in compliance with local regulations.

Kris Marszalek, Co-Founder and CEO of Crypto.com, commented that;

“This regulatory approval in the Cayman Islands is the latest example of Crypto.com’s commitment to compliance and our constructive approach to regulator engagement. We look forward to expanding our suite of offerings and services available, and continuing to work with stakeholders across sectors on advancing blockchain technology.”

The cryptocurrency exchange has been expanding its presence globally and now has over 50 million users on its platform. 

Crypto.com said today’s announcement comes after it received in-principle approval for a Major Payment Institution License from the Monetary Authority of Singapore, provisional approval of its Virtual Asset License from the Dubai Virtual Assets Regulatory Authority, Electronic Financial Transaction Act and Virtual Asset Service Provider registration in South Korea.

Furthermore, Crypto.com is also registered in Italy under the Organismo Agenti e Mediatori (OAM), registered in Greece by the Hellenic Capital Market Commission, and registered in Cyprus by the Securities and Exchange Commission.

Crypto.com has been around since 2016 and currently serves millions of traders and investors globally. 

The Cayman Islands is one of the most cryptocurrency-friendly countries in the world. Virtual assets (cryptocurrencies and other digital assets) in the Cayman Islands are accepted as digital representations of value that can be electronically traded and used for investment purposes.

Crypto.com said it is committed to accelerating the adoption of cryptocurrency via innovation and empowering the next generation of builders, creators, and entrepreneurs.

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The CEO of Bitwage CEO said the company would be improving millions of lives after its recent implementation on the Stellar blockchain. 

Crypto payroll provider Bitwage announced on Thursday, August 11th, that it is now offering the digital dollar (USDC) stablecoin to be distributed via the Stellar blockchain on their platform.

Thanks to this latest development, companies across the world now have a fully compliant, easy-to-use, and frictionless solution when it comes to paying their employees and contractors globally. 

Following this implementation, Bitwage aims to provide a new solution that makes it easier for companies to hire alent across different continents and countries

At the moment, both companies and workers suffer from issues such as the loss of certain percentage of funds when using the global banking systems, the long waiting time to receive payments and more. 

The issue discourages some companies from hiring talents outside their countries. However, Bitwage’s latest announces means that  workers are now able to receive any percentage of their salaries they want in digital dollars, via USDC. 

This latest development means that companies and employees would enjoy lower costs, same-day deposits of their funds, the ability to store their savings in USD, and the ability to get local currency exactly when they need it.

Credit Bitwage CEO Jonathan Chester exclusively told Coinjournal that;

“It’s been great working with the stellar team. Together, we’ll be empowering millions to receive wages in the currencies they want, faster and cheaper than traditional methods”

By taking advantage of USDC on the Stellar blockchain, workers are given access to USDC on a low-fee blockchain that has one of the longest histories in the industry.

Chester added that;

“USDC on the Stellar network has lower fees, so you can receive your money faster, cheaper and keep it as digital dollars for saving. Our users have been asking for low-cost options for stablecoins and we are very excited to deliver. Now, companies can guarantee cheaper, faster and better payment options to all their workforce. This option is fully regulated and compliant so all companies have to worry about is how to keep their employees happy and not worry about payments issues. Thanks to USDC over Stellar, digital dollars will make a huge change to people’s lives.”

Bitwage said although it made a name for itself in the Bitcoin payroll space, empowering people to get paid in USDC is a great alternative. 

The company concluded that using Bitwage for USDC payroll with Stellar gives both individuals and companies a low-risk option to partake in the crypto payroll revolution.

Bitwage is a San Francisco-based company that offersBitcoin, cryptocurrency and stablecoin payroll services including invoicing and benefits services. The company also offers resources to employers, employees, and freelancers with their robust, online platform.

The post Exclusive: Bitwage CEO says ‘we’ll be empowering millions’ after Stellar announcement appeared first on CoinJournal.

Nas Academy is going deeper into the web3 ecosystem thanks to its partnership with Invisible College.

Creator tech platform Nas Academy announced on Tuesday, August 9th, that it has partnered with Invisible College to launch a cryptocurrency academy for web3.

According to the press release shared with Coinjournal, the partnership will lead to the launch of the world’s first bundle of courses that can be unlocked with an NFT collection. 

The team revealed that more than $2,000 worth of courses would be made available initially, covering topics like NFT investing, Community Building, Video Editing, and Crypto fundamentals.

The press release added that starting on September 1st, Invisible College members who hold a Decentralien NFT will be able to unlock more than 18 web3 and creator courses on Nas Academy for free.

Invisible College is a school focused on helping people learn, invest, and build in web3.

The library includes courses from some of the world’s top creators and investors, including Zeneca, Nuseir Yassin, and Ben Yu.

While commenting on this latest development, Nas Academy CEO Nuseir Yassin said;

“Web3 is more than just a compelling topic for courses. We believe NFTs can reinvent the way students consume online education and allow people to own a piece of the internet. That’s why we wanted to partner with a visionary community in the form of Invisible College. We are excited to build together to help educate and bring the next wave of users into web3.”

The Nas Academy said this catalog of courses would empower students to build, influence, and invest in the future of the internet.

Invisible College Co-Founder Nick deWilde commented that;

“Lately, there’s been lots of debate about web3 use cases. The way we see it, combining a catalog of high-quality courses with an NFT collection is a fundamentally new way to empower students to own their education. And there’s no way we could have pulled it off without web3 technology. 

We also needed a forward-thinking partner who was willing to innovate with us. Fortunately, the Nas Academy team are just the type of crazy dreamers who could help us expand our vision and make it a reality.

Finally, we’d like to thank all of the creators who have joined this historic collaboration. They’ve produced some incredible classes that we’re excited to share with a brand new audience.”

Invisible College said it would also be working with Nas Academy to onboard leading web3 instructors to teach courses on the platform, with the goal of becoming the largest web3 learning library on the internet. 

Nas Academy is a technology platform that empowers creators to build communities through education.

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Serenity Shield has launched the first cryptographic sensitive data storage and succession solution on the blockchain.

Serenity Shield has announced that is launching the Minimum Viable Product (MVP) of its StrongBox. Serenity Shield is a decentralised application platform that offers an innovative, revolutionary approach to crypto inheritance and secure storage solutions for sensitive data. 

According to the press release shared with Coinjournal, the team said the MVP is already availableand the final solution will be implemented further, offering full usage of the StrongBox. 

The StrongBox dApp technology offers a wide range of benefits to users, including allowing them to store, preserve, and restore their data in case of loss of access to their sensitive information. 

With this technology, users can store anything from wallet access and digital assets to highly confidential information and other related documents.

Another use of StrongBox is that it allows users to transfer the ownership through secure inheritance of this information to specifically elected successors, such as heirs, in the case of an accident or death of the user. 

StrongBox ensures that all user data remains encrypted and protected from unauthorised access.  

Serenity Shield has partnered with Secret Network, a private smart contract blockchain system, to store confidential information. The company said it chose Secret Network because it the security and privacy-by-design features required for its StrongBox solution. 

Rodolphe Seynat, Co-Founder of Serenity Shield commented that;

“The growth and worldwide adoption of digital assets and tokenization are imminent. We’re glad to be finally launching what we’ve worked so hard on. Our objective was simple: ensure all new and existing digital asset owners have access to an affordable, easy-to-use, and pioneering utility tool. Our architecture is unique and leverages the best tech out there today.”

The Serenity Shield MVP is a cross-chain solution whose primary base is Solana. The multichain offering of the solution is designed to protect access to digital assets and sensitive digitised information across all wallets, blockchains, and centralised exchanges. 

Serenity Shield concluded that the StrongBox solution is directly usable by end-users, but can also become a partner of choice for corporate and financial institutions.

Serenity Shield has been around since 2021 and focuses on addressing the need in the global cryptocurrency market for secure access to and transfer of ownership of digital wallets.

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