Blockchain
ALYI and RevoltTOKEN Ignite $300M African Electric Vehicle Production and Marketing Campaign
Dallas, Texas–(Newsfile Corp. – July 23, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today introduced the RevoltTOKEN cryptocurrency dedicated to funding ALYI’s $300 million electric vehicle (EV) initiative in Africa. Below, find a detailed presentation in its entirety on the upcoming RevolTOKEN initial cryptocurrency offering (ICO) intended to raise $100 million to fund ALYI’s comprehensive, long-term electric vehicle strategy.
RevoltTOKEN (RVLT) Cryptocurrency
ReVolt
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Countries by gross median household income.
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Technology innovation that, for instance, improves energy efficiency and, in turn, increases access to power and transportation within developing economic countries can deliver Rockefeller returns to the investors backing the innovation.
The current state of investment innovation backed by blockchain technology opens access to such investment opportunities to anyone with an internet connection.
RevoltTOKEN (RVLT) is introducing a blockchain enabled cryptocurrency specifically for the purpose of providing everyone the opportunity to invest in the development and delivery of electric mobility technology innovation in Africa.
RevoltTOKEN is a utility token that gives the bearer a first right to purchase equity in electric mobility businesses that are forthcoming from the overall electric mobility initiative in Africa funded by RevoltTOKEN. Holders of RevoltTOKEN will also be eligible for preferential participation in the annual electric mobility seminar, conference and anchor event.
At this time, the following details the specific rights, dividends and benefits of the RevoltTOKEN cryptocurrency:
Redemption Rights
- 1 Token – 20 Shares of ALYI Common Stock
- 1 Token Tokens – 1/10,000 of Revolt Electric Motorcycle
Dividend Rights
- 1 Token – Annual Carbon Credit Dividend
- 1 Token – Annual ALYI Profit Dividend
Benefits
- 1st Right of Refusal on Future Ventures
- Free Attendance E-Mobility Conference & Symposium
- VIP Access To Anchor Event
The RevoltTOKEN has been partitioned on the Ethereum Blockchain. The exact and definitive details of the RevoltTOKEN initial cryptocurrency offering (ICO) are being finalized and an ICO date is accordingly in the process of being set.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60401
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Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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