Blockchain
ALYI Releases Revolt Token Pre-Cryptocurrency Exchange Listing Opportunity Update
Dallas, Texas–(Newsfile Corp. – April 20, 2021) – Alternet Systems, Inc. (OTC Pink: ALYI) today released a management update in conjunction with the recently published FY2020 Annual Report. The update includes the latest news from ALYI’s finance partner on its Revolt Token rollout. The Revolt Token update is included below:
ALYI Cryptocurrency Strategy – Revolt Token Progress And Updates
The advance of ALYI’s EV Ecosystem vision inevitably requires new investment beyond the company’s ability to sustain operations through coincidental service offerings.
ALYI has accessed investment to advance its EV Ecosystem in the past through investment structures the leverage the company’s common stock. Recently, the company has introduced a new investment structure that draws on a cryptocurrency strategy.
Last year ALYI established a partnership with a financing initiative dedicated to funding ALYI’s EV Ecosystem. Earlier this year, RevoltTOKEN, ALYI’s finance partner launched Revolt Token’s for sale.
Currently Revolt Token’s are for sale directly from RevoltTOKEN (www.RevoltToken.com). The funds raised are dedicated to funding ALYI’s EV Ecosystem and providing buyers with an opportunity to participate in the ALYI EV Ecosystem.
The Revolt Token opportunity is growing and evolving. Currently, Revolt Tokens can only be purchased in exchange for other cryptocurrencies or in exchange for funds delivered via a wire transfer.
RevoltTOKEN management indicates that soon Revolt Tokens will be available for purchase via a credit card transaction.
RevoltTOKEN management further indicates that the Revolt Token Know-Your-Customer (KYC) registration process that currently takes hours, and sometimes more than a day, will soon be paired down to an automated process that can be completed in minutes, if not seconds.
RevoltTOKEN management is also nearing the listing of Revolt Tokens on more than one cryptocurrency exchange. Soon, Revolt Tokens will be eligible for sale through one or more cryptocurrency exchanges. Likewise, Revolt Tokens will be eligible for purchase through sources other than RevoltTOKEN.
Revolt Tokens remain eligible for purchase now, prior to its cryptocurrency exchange listing.
Revolt Tokens may be purchased via wire transfer or in exchange for other cryptocurrencies.
Soon, Revolt Tokens will be available for purchase via a credit or debit card transaction.
Learn more at www.RevoltToken.com.
To see the full update released by ALYI today follow the link below:
For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81038
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
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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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