Blockchain
Oktacom Inc. Is Granted the 214 International Telecommunication License
Vancouver, British Columbia–(Newsfile Corp. – March 17, 2022) – Upco International Inc. (CSE: UPCO) (OTC Pink: UCCPF) (FSE: U06) (“Upco” or the “Company”) announces that Oktacom Inc. – a telecommunications company and subsidiary of UPCO – has been granted the 214 International Telecommunication License regulated in the United States of America.
This license, from the Federal Communications Commission (FCC), represents a substantial opportunity for Oktacom and its shareholders. It allows the company to provide telecommunication services between the US and other countries and fosters growth by allowing it to provide services directly rather than through third party providers. More specifically, it enables Oktacom as follows:
- To become a facilities-based international common carrier subject to 47 CFR §§ 63.21, 63.22.
- To become a resale-based international common carries subject to 47 CFR §§ 63.21, 63.23.
- To assign or transfer control of international Section 214 authority in accordance with 47 CFR §§ 63.24.
- To exceed the foreign benchmarks applicable to common carrier radio licensees under 47 U.S.C. § 310.
This framework ensures that the U.S. market is protected against potential anti-competitive behavior by a carrier with market power in a foreign country. It also allows private line, switched long distance, prepaid services and calling card services.
In other developments, and consistent with its marketing and business strategy, Oktacom’s management is entering into a second phase of expansion with a new target identified in the Balkans, which offers aligned services: voice business, telecommunications carriers and traffic termination. In coming weeks, Oktacom will send a letter of intent to make an official offer to acquire this company.
Successful closure of this deal will provide the group with a strong presence in this region, which will expand reach and bolster its revenue stream. Oktacom Inc. is also studying the market to offer Fiber Optik, Mobile Virtual Network Operator and Internet of Things services.
About Oktacom Inc
Oktacom Inc. is a telecommunications company that offers effective, high-quality communications with competitive prices in niche markets globally. The company was founded in 2014 by a team of experienced telecom and finance specialists.
It operates in the wholesale business in different countries and is powered by Upco International, a publicly traded company that believes the future lies in technology development.
About Upco International
UPCO International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce.
UPCO is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. UPCO has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp, and with the pending addition of the Upco e-Wallet.
Andrea Pagani
[email protected]
+39 334 661 8604
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117002
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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