Some information about us
The first STO will be held in Germany, Enumis and Coinfloor have agreed on a partnership. Cryptocurrency will be discussed at the June G20 summit.
Bitbond will hold an initial cryptocurrency security-token offering (STO). In its course, it plans to raise up to $ 3.9 million, which will be used to provide working capital in the form of loans to customers from Asia. A feature of this STO is that the floatation will be carried out completely on a legal basis, and it has received approval from the German regulator BaFin.
Bitbond is an online bank that has already issued loans for $ 15 million. Here, in 2018, they started using bitcoins for international payments, which made it possible to abandon the SWIFT payment system. Now the company plans to start expanding the business, for which additional funding was needed. Security-tokens will be in the form of bonds with a ten-year repayment period.
The first UK cryptocurrency exchange Coinfloor has signed a cooperation agreement with Enumis (EMI), which is an electronic money institute. As part of the partnership, Coinfloor will check the reliability of cryptocurrency trading platforms and advise them on cooperation with EMI.
As a result, they will gain access to new opportunities. In particular, they will be able to accept and transfer transactions in fiat money. Enumis is not a bank in the traditional sense of the word, but it offers its customers a large range of financial services when connecting payment systems.
At the end of June 2019, a meeting of the G-20 countries is to take place, at which important decisions on cryptocurrency regulation can be made. At the last meeting, the countries decided to entrust the development of the FATF regulatory framework, and now it is time to sum up the first results.
The authorities of Japan, Korea, Russia and some other countries declare their readiness to adhere to the recommendations of the department. However, businessmen say the new rules will have a negative impact on the development process. Thus, the company Chainysis reported on the inability to implement some of the recommendations of FATF. The blockchain remains a peer-to-peer system, without a single center. This means that it is difficult to collect information about users and their transactions.