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Velo Web3+ Ecosystem Partners with PTL Holdings Co. LTD. to Fuel Laos’s Digital Economic Renaissance and Foster Financial Empowerment for All

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Velo, a Thailand-based Web3+ Ecosystem Velo (including subsidiaries), is pleased to announce its partnership with PTL Holding Co. Ltd, an investment holding company headquartered in Laos PDR. The collaboration aims to combine Velo’s digital finance prowess with PTLH’s industrial might, propelling Laos into a new era of economic growth and digital innovation.

The strategic partnership emphasizes Laos’s progressive stance in the global financial landscape, aligning its vision with innovative nations. The signed MOU is a concrete commitment to the joint integration of advanced digital financial solutions, bringing Laos to the forefront of digital finance adoption.

Velo Web3+ Ecosystem: Pioneering Digital Finance

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Velo stands as a trailblazer in the digital finance realm, championing inclusive and efficient financial solutions through its Web3+ Ecosystem. With a commitment to revolutionizing the way people engage with finance, Velo brings cutting-edge technology to the masses, fostering financial inclusion and accessibility to all.

PTL Holding Co. Ltd: Energizing Laos’s Industrial and Economic Landscape

PTL Holding Co. Ltd (PTLH) stands as a prominent player in Laos’s industrial landscape, steering economic development through its subsidiaries. PTLH is also a prominent industrial conglomerate based in Laos, with a diversified portfolio across various sectors. The company, in collaboration with its banking affiliate, plays a pivotal role in driving economic growth within Laos. Notably, PTLH is recognized for its significant contributions to the commodities sector, particularly in oil & gas operations.

Collaborations for Digital Economic Renaissance

  1. Laos’s Visionary Leap into Next-Generation Finance:

This collaboration signifies the Lao PDR’s proactive steps toward embracing next-generation finance leveraging blockchain technology, strategically aligning its trajectory with forward-thinking nations. From this partnership, Velo, PTLH and Laos nation are committed to realizing the potential of advanced digital financial solutions, setting the stage for a digital economy that empowers citizens and fuels economic growth.

  1. Dynamic Implementation of Progressive Policies:

Laos’s nimble and forward-thinking approach to policy execution is emphasized through all parties’ commitment, establishing it as a beacon of progress in digital finance. In contrast to ongoing discussions in neighboring countries, Laos’s decisive action accelerates the realization of benefits derived from a digital economy.

  1. Laos’s Distinct Advantage in Future Web3 Payment Innovation:

With an eye on the future of Web3 payments, Laos positions itself as a hub for innovative solutions in the evolving landscape of future Web3 payments. The collaboration between Velo, PTLH, and a distinguished bullion bank emphasizes Laos’s potential to lead in seamlessly integrating generic future wen3 payments.

As Velo, PTLH and Laos nation officially enter into this transformative collaboration with a signed MOU, the stage is set for a dynamic future where finance is not only more accessible, inclusive, and technologically advanced but also firmly grounded in a partnership that values progress and innovation. Stay tuned for further updates as we collectively shape the digital future in Laos and beyond.

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The post Velo Web3+ Ecosystem Partners with PTL Holdings Co. LTD. to Fuel Laos’s Digital Economic Renaissance and Foster Financial Empowerment for All appeared first on Hipther Alerts.

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Blockchain

Global Fintech Market Size To Worth USD 1009.10 Billion By 2033 | CAGR Of 14.01%

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Blockchain

Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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