Leaving the Wild West: New Swiss Cryptocurrency Focuses on Usability and Regulatory Compliance
Giracoin, a new cryptocurrency with a focus on ease of use and wide adoption, has been launched by Gira Financial Group AG in Switzerland. The developers hope to start a “digital cryptocurrency transformation”, by creating a coin which is exceptionally friendly to a first-time user and is run by a legitimate company, to facilitate cooperation with the government. The Wild West of cryptos. Government regulation and usability have been hot topics in the cryptocurrency industry since its very inception. Whenever a question is raised as to whether the cryptocurrencies and businesses which make....
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Following up on an article in which the United States Consumer Financial Protection Bureau (CFPB) was aiming to give bitcoin more attention comes a potentially controversial statement from the Bureau's Director, reports The Hill. The watchdog bureau is waving the flags of caution for those who may be interested in getting involved with the digital currency, or any other cryptocurrency, adding these emerging payment forms carry "significant risks." "Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions," said CFPB....
On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be available via the Epic Games Store and accessible to 194 million users. The well known company Epic Games is the producer of the Unreal Engine and the popular online video games Fortnite and Gears of War.
Blockchain-Powered Grit Gets Added to the Epic Games Store — Gala Games Exec Says Epic Listing Brings Legitimacy to This New Genre of Gaming
The Epic Games Store currently hosts a blockchain video game called Grit, a Wild West-based....
Swiss-based cryptocurrency exchange platform ECUREX has announced via a press release that it has become the first such bitcoin exchange to be fully compliant with the Swiss Banking Act. The Swiss regulator, Financial Market Supervisory Authority (FINMA) released a letter after conducting an investigation which ran for sixteen months, stating that ECUREX's business model is compliant with the Swiss Banking Act. ECUREX has another prestigious achievement to its name; it is also the first bitcoin exchange compliant with the Swiss Anti-Money Laundering Act since April last year. These are....
The newest addition to the Cryptocurrency work is inspired by a famous influencer, Kanye West. In a recent interview with Vice, Coinye West founder explain "Coinye West is a cryptocurrency for the masses. Bitcoin is for hardcore money-hoarders, and Dogecoin was more for the Internet-meme crowds ... Our goal with Coinye West is to make it easier for people to use cryptocurrency." Reddit is on fire with news of the new coin. There is even a new subreddit dedicated to the coin already! Dogecoin is taking a beating in the market today down some 15% while the rest of the market is in bullish....
Global cryptocurrency exchange Binance has made regulatory compliance its top priority. The exchange is on a hiring spree to “significantly” add to its compliance and legal teams. “We are going through a pivot from a technology innovator into a financial services company, so we need to be fully compliant,” said the CEO of Binance. Binance’s Regulatory Compliance Plans Binance is focusing on regulatory compliance as the exchange pivots from a technology startup into a financial services company, CEO Changpeng Zhao (CZ) explained in an interview with Bloomberg....