Blockchain
Vinergy Appoints Executive Chairman to Drive Focus on Blockchain & Bitcoin Growth Opportunities
– Chairman has over 30 years of vast investment experience across various sectors including Crypto and DeFi Opportunities
– Chairman will invest $300,000 to purchase 2,000,000 Units of Vinergy Capital
Vancouver, British Columbia–(Newsfile Corp. – April 6, 2021) – Vinergy Capital, Inc. (CSE: VIN) (OTCQB: VNNYF) (FSE: 1V7) (“Vinergy” or the “Company”) announces that the Company’s Board of Directors has appointed Mr. Alnoor Nathoo, of Calgary, Alberta as Chairman of the Board of Directors. Mr. Nathoo is an accomplished businessman having funded and managed various investments in the venture space over the past 30 years.
“Over the course of the past few years, I witnessed and took part in many crypto and blockchain opportunities. The recent move towards decentralized finance has opened up a huge opportunity for people from different walks of life to partake in this revolution and as such I decided to join Vinergy Capital to enable it and its shareholders to partake in this DeFi revolution. I look forward to working with the Technical Team at Vinergy Capital to identify and close on opportunities in this space in the near future”, stated Alnoor Nathoo, Chairman of the Board.
Furthering his commitment to Vinergy Capital, Mr. Nathoo will be subscribing for a $300,000 equity placement to be comprised of 2,000,000 Units at $0.15 per Unit. Each Unit will be comprised of one common share and one-half transferable warrant exercisable at $0.25 for a period of 2 years. This placement remains subject to regulatory approval.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Vinergy Capital Inc.
Alnoor Nathoo, Chairman of the Board
Email: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79514
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
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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