Czech-based Maximus Coin Moves to Malta amid Bitcoin Regulation Issues
Bitcoin cloud mining company Maximus Coin recently announced that it has moved its headquarters to Malta. The Czech-based firm, which offers 200-300% returns on principal Bitcoin cloud mining investments, cited risky Bitcoin laws as the major reason behind its decision. It explained how their services, which require people to deposit and withdraw notable amounts of Bitcoin on daily basis, cannot be supervised by Czech Republic regulation authorities, for they neither consider Bitcoin cashless means of payment nor electronic money. Maximus Coin added that moving to Malta will not affect its....
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Pavel Veselik from Maximus Coin on the Bitcoin cloud mining industry, its challenges and opportunities in the Czech Republic. Everyone can be an investor. Maximus Coin, a Bitcoin cloud mining company based in the Czech Republic, is quite a new industry player which focuses on developing New Age crypto-mining algorithms. The company aims to offer returns through their transparent, realistic and short-term investment plans. With the introduction of cloud mining it became easier to mine Bitcoin and other cryptocurrencies in the comfort of your own home without having to invest in huge data....
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The Czech Republic has opted to clamp down on Bitcoin anonymity as part of a range of regulations, which are expected to continue in the coming years. Regulation-Free Czech Crypto Ends. From January 2017, the government and European Commission have been underlining the need for exchanges to perform suitable KYC checks on customers. Prior to this, cryptocurrencies were officially unregulated. “This puts new obligations on exchanges and other service providers with virtual money, local news resource Právní rádce reports. It continues, These institutions must now determine the identity of....
On January 22, the Czech Bitcoin exchange, WBTCB, launched a new service that will allow Czech residents to buy bitcoin at over 8,000 terminals around the country. After completing three steps, users will be able to have bitcoin in their hands. The ATMs do not require extensive identification documents and allows for anonymous purchases. The transaction is fee is 7%, which is higher than other Bticoin ATMs. According to Czech citizen and Reddit user Kamilosas, the ATMs will vastly improve the Czech Bitcoin economy, despite the high fees.
The Hong Kong-based crypto firm received preliminary approval from the Malta Financial Services Authority (MFSA) for two financial licenses.