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Onewiex Held a Grand Asian Conference with Partners in Hong Kong on May 20th, 2023

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Toronto, Ontario–(Newsfile Corp. – May 24, 2023) – An exhilarating showcase of prowess and innovation was on full display at the investment company Onewiex’s conference held in Hong Kong, the world’s stellar tech epicenter. The broadcast of this landmark event via the company’s official YouTube channel drew thousands of viewers from around the globe, while more than 300 individuals experienced the grandeur of this momentous occasion in person.

ONEWIEX

In contrast to Wilson, Max Katzler, in his role as the Development Director, delved into the specifics of the company’s plans. He pointed out that Onewiex has already made its mark in different corners of the globe, including Canada, Latin America, Europe, Central Asia, and Southeast Asia, and that it now “operates legally in as many as 90 countries worldwide.”

Katzler also mentioned the company’s plans to open over 50 new offices in different countries around the world, including Europe, Central Asia, Africa, and Latin America, in the coming months. Following contemporary trends, the company is actively integrating AI, and Katzler confirmed that they “will explore and adopt blockchain, artificial intelligence, big data, and other innovative technologies to ensure high efficiency and security in our operations, as well as offer new possibilities for our clients.”

Furthermore, he revealed plans to launch their own cryptocurrency exchange by the end of 2024 or the beginning of 2025.

Following the formal portion of the conference, in an atmosphere of openness and respect, top leaders spent time with Oliver Wilson, posing pressing questions, seeking clarifications, and discussing strategies. This open and direct dialogue affirmed the transparency and accessibility of the company’s leadership, serving as a key factor in bolstering trust among partners.

Contact Media:
Company Name: Onewiex
Contact Person Name: Jacob Gibson
Email Address: [email protected]
Location: Toronto, Ontario, Canada
Website: https://www.onewiex.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167089

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

THXLAB and IZUTSUYA Announce Strategic Partnership

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Blockchain

OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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