LazyCoins Launch Highlights Challenges for UK Bitcoin Businesses
A British startup has launched a cryptocurrency exchange and plans a merchant payment processor focused on businesses in London soon. Notably, the self-funded firm, called LazyCoins, is a registered Money Services Business (MSB) with the country's tax authority. That is something no other British exchange can claim. "We're trying to be as transparent as we can while waiting for the legislation to catch up," said LazyCoins' managing director Peter Heigho. Hazy regulatory landscape. The startup's attempts to gain government oversight throws a spotlight on the UK's regulatory regime for....
Related News
Altcoin exchange LazyCoins is re-launching with a new mobile payments and merchant services app. In a growing world of digital currency, LazyCoins is looking to compete with the likes of bitcoin conglomerate BitPay and fight for its place in the virtual payments universe. Founder Danial Daychopan commented on the decision to re-launch, and what users can expect from the trading platform now that it's been set on a new path: "LazyCoins itself was actually announced to the public some time last year, but we launched beta in July. We didn't send out a press release because we wanted to learn....
With new altcoins created every week, the demand for secure platforms to trade digital currencies has also grown. And LazyCoins has its eyes set on being an industry innovator. As a new exchange, LazyCoins' main priorities are to make cryptocurrency trading easier and more secure, while providing new and innovative ways to trade. Speaking on the security of the platform, Danial Daychopan, founder of LazyCoins, stated, Digital currency needs to be protected like cash. The only way to guarantee security is to store the digital codes offline, in a process known as cold storage. Our 100% cold....
London, January 24, 2015 - LazyCoins demoed their killer Bitcoin app LazyPay at the BitcoinExpo 2015 in London last weekend. The company has spent months carefully and quietly planning to take the app public. Including running the payment and merchant services app through testing with a security firm. And holding Q&As in order to perfect their software and get everything right before debuting to the world. The free conference ran from January 24-25 at the Central Foundation Boys' School on Cowper Street, London. LazyCoins Founder and CEO Danial Daychopan calls London, "a great place for....
The blockchain technology has come a long way in over a decade since the first cryptocurrency was introduced. It has been constantly changing the landscape of financial systems and also gaining widespread adoption across different industry sectors. The public blockchains have been instrumental in helping businesses overcome various challenges by ensuring transparency, data integrity and […]
To fully benefit from blockchain’s enormous potential, enterprises must first overcome two formidable challenges: standardization and interoperability. Blockchain Standardization Challenges. Bitcoin’s blockchain technology is becoming increasingly pervasive. Indeed its potential is touted across the board, from the Nano Internet of Things to the....