Blockchain
Licensed Crypto-Fiat Infrastructure Provider Encryptus Soft Launches in TechHub Kenya
Lithuania, Europe–(Newsfile Corp. – February 16, 2023) – Encryptus, a licensed and compliant crypto-fiat trading platform, is thrilled to announce its soft entry into the African Continent, starting with Kenya.
Encryptus in TechHub Kenya
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Encryptus will mark their exploratory journey in the upcoming Africa Tech Summit in Nairobi, Kenya. Encryptus is dedicated to providing crypto and non-crypto companies its infrastructures for Crypto < > Fiat; including Compliances, Coin Monitoring, Fiat and Crypto Liquidity via API to enable institutions to plug into their ecosystem. The fiat services would only be available via Bank wires to KYCed users only.
Encryptus is licensed as a VASP (Virtual Assets Service Provider) in Lithuania and Licensed as a “Proprietary Trading in Crypto Commodities” trading desk in Dubai, UAE.
Africa Pushing Through to the Global Scale
Africa has been a rapidly growing market for international companies and is attracting many global corporations to the continent.
With the rise of digital assets and cryptocurrencies, regulations for digital assets are becoming increasingly important in Africa. In recent years, there has been a growing demand for cryptocurrencies and digital assets in Africa, leading to a need for regulations to ensure the security and stability of these investments.
Encryptus is well integrated with Industry leaders for self custody, coin monitoring and KYC providers for compliant onboarding. The Institutions can make use to the infrastructure by simply plugging into the Encryptus APIs. Encryptus services are also available on their platform for HNWIs and Institutions who simply want to use their services.
Encryptus will mark their soft launch at one of the largest African Tech event; “Africa Summit in Nairobi”.
Encryptus’s Founder & CEO, Shantnoo Saxsena, will also be sharing the stage with some industry leaders. When asked for comments for why Encryptus chose Africa, Shantnoo replied “I started my crypto journey with a Kenyan startup in 2016. The Kenyan ecosystem is getting exciting and we have the right infrastructure ranging from Compliance to Fiat and Crypto Liquidity to empower other potential partners to build on top of our ecosystem. Encryptus is in the exploratory stage, but we are committed to bring innovative Crypto < > Fiat on-ramps and off-ramps solutions to the Kenyan ecosystem. The fiat and cryptos must coexist, and we will work with the regulators and the banks to build the infrastructure together.”
Twitter: https://twitter.com/EncryptusGlobal
LinkedIn: https://www.linkedin.com/company/encryptus/
Website: https://encryptus.io/
Please free to contact [email protected] for any queries.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/154797
Blockchain
RevoluPAY Enhances Financial Solutions for Humanitarian Aid with MillionBridges and the Norwegian Refugee Council
Blockchain
No plans for total crypto ban in Russia, lawmaker says
A lawmaker in Russia has stated that there are no plans for a total ban on cryptocurrencies in the country. This statement provides clarity on the regulatory stance of the Russian government regarding cryptocurrencies and addresses concerns about potential prohibitive measures.
The clarification from the lawmaker indicates that while Russia may be considering regulations to govern the use and trading of cryptocurrencies, there are no intentions to outright ban their existence or usage. This stance suggests a more nuanced approach to cryptocurrency regulation, aiming to balance innovation and development in the digital asset space with regulatory oversight and consumer protection.
The statement may help alleviate uncertainty and fears within the cryptocurrency community in Russia, as well as among international investors and stakeholders. Clear regulatory guidelines and a willingness to engage with the crypto industry can foster a more conducive environment for innovation, investment, and economic growth.
The lawmaker’s assertion that there are no plans for a total crypto ban in Russia provides reassurance to market participants and signals a potentially more constructive approach to cryptocurrency regulation in the country. It remains to be seen how regulatory frameworks will evolve in Russia, but this statement suggests a willingness to engage in dialogue and develop regulations that support the growth of the crypto industry while addressing regulatory concerns.
Source: crypto.news
The post No plans for total crypto ban in Russia, lawmaker says appeared first on HIPTHER Alerts.
Blockchain
A New Cyberpunk-Inspired Meme Coin on the Solana Blockchain Set to Revolutionize the Crypto World
A new cyberpunk-inspired meme coin on the Solana blockchain is poised to revolutionize the crypto world. This announcement highlights the emergence of innovative projects and tokens in the cryptocurrency space, leveraging the unique features and capabilities of blockchain technology.
The new meme coin, inspired by the cyberpunk genre, represents a novel approach to engaging with the crypto community and capturing the imagination of enthusiasts and investors. By tapping into the cultural aesthetics and themes of cyberpunk, the project aims to differentiate itself in a crowded market and attract attention from a diverse audience.
Built on the Solana blockchain, the meme coin benefits from the platform’s high throughput, low transaction fees, and scalability, offering users a fast and efficient experience for transacting and interacting with the token. This choice of blockchain infrastructure reflects a strategic decision to leverage cutting-edge technology and capitalize on the growing popularity of Solana within the cryptocurrency ecosystem.
The press release suggests that the new meme coin has the potential to disrupt the crypto world and redefine the meme coin landscape. By combining elements of cyberpunk culture with blockchain technology, the project aims to create a unique and engaging experience for users while delivering value and utility to holders of the token.
The announcement of a cyberpunk-inspired meme coin on the Solana blockchain underscores the dynamic and innovative nature of the cryptocurrency industry. As blockchain technology continues to evolve and mature, we can expect to see more creative projects and tokens emerge, pushing the boundaries of what is possible in the crypto world.
Source: tech.einnews.com
The post A New Cyberpunk-Inspired Meme Coin on the Solana Blockchain Set to Revolutionize the Crypto World appeared first on HIPTHER Alerts.
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