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AURU.M™ Achieves Softcap of £10 Million Prior to Public Launch, Marking the World’s Largest Security Token Offering (STO)

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AURU.M™, the groundbreaking commodities-backed digital asset, proudly announces the achievement of its £10 million softcap ahead of its highly anticipated public launch. This milestone sets the stage for the world’s largest Security Token Offering (STO), underscoring the immense investor confidence and market demand for this innovative financial instrument.
AURU.M™ is backed by substantial gold reserves, combining the intrinsic value of precious metals with the efficiency and security of blockchain technology. This unique proposition offers investors a stable and transparent store of value, addressing the volatility often associated with digital assets.

Key Highlights of the AURU.M™ STO:

• Softcap Achievement: The initial funding goal of £10 million has been met through private and institutional investments, reflecting strong pre-launch interest and confidence in AURU.M™’s value proposition.

• World’s Largest STO:  With the softcap surpassed, AURU.M™ is on track to become the largest Security Token Offering globally, setting new benchmarks in the digital asset space.

• Commodities-Backed Stability: AURU.M™ provides a robust and reliable investment opportunity, leveraging the stability of gold to offer a secure digital asset for investors.

• Integration with QELT™: As part of the Quantum Financial System (QFS), AURU.M™ utilizes the advanced capabilities of the QELT™ platform, ensuring enhanced security, speed, and transparency in transactions.

Investor and Market Benefits:

• Enhanced Security: Utilizing blockchain and quantum-level encryption, AURU.M™ offers unparalleled security for all transactions.

• Transparency: Regular audits and transparent reporting ensure that the gold reserves backing AURU.M™ are verifiable and accessible.

• Global Accessibility: The integration with QELT™ allows for seamless cross-border transactions, making AURU.M™ a truly global digital asset.

• Stable Value: The commodities-backed nature of AURU.M™ provides a hedge against market volatility, offering a stable and reliable investment option.

Phil Ryan, CoFounder of AURU.M™, commented, “We are incredibly proud to have reached our softcap ahead of schedule, demonstrating the strong belief in the potential of AURU.M™. This achievement not only underscores the demand for stable and transparent digital assets but also marks a significant milestone in the evolution of the global financial system,” said Phil Ryan, co-founder of AURU.M™. “We look forward to the public launch and continuing to drive innovation in the digital asset space.”
Oliver Moorhouse, CoFounder of AURU.M™, added: “The success of our pre-launch phase is a testament to the robust foundation of AURU.M™. By combining the timeless value of gold with cutting-edge Quantum Enhanced Ledger Technology, we provide investors with a secure and transparent way to invest in the future. The upcoming public launch is set to redefine the standards of Security Token Offerings worldwide.”

The post AURU.M™ Achieves Softcap of £10 Million Prior to Public Launch, Marking the World’s Largest Security Token Offering (STO) appeared first on HIPTHER Alerts.

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Blockchain

Europe Tax Advisory Market Valuation Poised to Soar to USD 28.50 Billion By 2032 | Astute Analytica

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Blockchain

Brazil to Tighten Regulation on Foreign Crypto Exchanges

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Brazil’s Receita Federal Increases Scrutiny on Foreign Cryptocurrency Exchanges

Brazil’s tax authority, Receita Federal, plans to intensify its oversight of foreign cryptocurrency exchanges operating within the country. This move aims to enhance regulation and transparency amid the rising use of digital assets in Latin America’s largest economy.

New Reporting Requirements for International Platforms
Recent reports indicate that Receita Federal will soon issue an order requiring international cryptocurrency platforms, including Binance and Coinbase, to provide detailed operational data and information on their partnerships with local service providers.

Government’s Regulatory Focus
Andrea Chaves, Deputy Secretary of Inspection at the Federal Revenue Service, emphasized the importance of this measure. “It’s crucial for us to understand how they operate here and ensure there’s no illegality,” she stated. The government aims to ensure compliance with tax laws and confirm that services provided to Brazilian customers are fully legal.

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Wagner Lima, a risk management coordinator at Receita Federal, underscored the need to review collaborations between foreign exchanges and local service providers. This review ensures compliance with a 2019 regulation that mandates information sharing.

Rise in Crypto Asset Declarations
This decision comes in response to a significant increase in crypto asset declarations by Brazilians. From January to July 2023, Brazilians declared 133.6 billion reais ($24.6 billion) in crypto assets, marking a 36.6% increase from the previous year. Notably, 14.5 billion reais were declared through foreign exchanges, representing a 51.2% growth.

Upcoming Order Details
The forthcoming order will require exchanges to disclose their operational methods and customer service practices in Brazil. However, it will exclude customer-specific data and transactional information to comply with current Brazilian laws.

Future Regulatory Framework
Brazilian authorities are also working on developing a clear framework for digital currencies and their legal status, expected to be introduced by mid-2024. This framework aims to organize both local and foreign exchanges operating within Brazil, ensuring their compliance with local laws and regulatory requirements.

Source: cryptotimes.io

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The post Brazil to Tighten Regulation on Foreign Crypto Exchanges appeared first on HIPTHER Alerts.

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Financial Institution NAB Embraces Crypto Custody Solution

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National Australia Bank Invests in Crypto Custody Firm Zodia Custody

National Australia Bank (NAB), a prominent financial institution, has taken a significant step into the cryptocurrency custody arena. Instead of creating its own digital currency, NAB Ventures has opted to invest in Zodia Custody, a London-based firm specializing in the secure storage of digital assets for institutional clients.

Strategic Shift and Industry Alignment
This investment marks a strategic shift for NAB, aligning itself with global financial leaders like Standard Chartered, Northern Trust, and SBI Holdings, who have already acknowledged the importance of safeguarding digital assets for investors. By partnering with Zodia Custody, NAB showcases a forward-thinking approach, choosing collaboration over direct competition with established players like Coinbase.

Commitment to Innovation
The decision to invest in Zodia Custody reflects NAB’s commitment to providing cutting-edge solutions to its institutional clients while leveraging the potential of the crypto market. This move positions NAB as a key ally for institutional investors seeking secure and regulated infrastructure to navigate the complexities of digital asset storage and management.

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Additional Insights
One significant aspect not highlighted in the initial report is that NAB’s engagement with a crypto custody solution underscores the growing demand from institutional investors for secure and regulated infrastructure to enter the crypto space.

Key Questions
1. How will NAB’s partnership with Zodia Custody impact its overall financial services and competitive position in the market?
2. What regulatory challenges and compliance requirements does NAB face by entering the crypto custody space?
3. How does NAB plan to address security concerns related to the storage of digital assets for its institutional clients?
4. What are the potential risks and rewards for NAB as it ventures into the crypto custody sector?

Key Challenges
NAB may encounter several challenges, including regulatory compliance issues, cybersecurity risks, market volatility of crypto assets, competition from existing players in the space, and the need to build trust among institutional clients for their crypto custody services.

Advantages
1. Access to a Growing Market: Entry into the rapidly expanding crypto market and potential new revenue streams.
2. Strengthened Partnerships: Enhanced relationships with global leaders in the crypto custody sector.
3. Diversification: Broadening service offerings to meet the evolving needs of institutional clients.

Disadvantages
1. Regulatory Scrutiny: Increased regulatory oversight and compliance costs.
2. Market Volatility: Exposure to the highly volatile nature of crypto assets.
3. Reputation Risk: Potential damage to reputation if security breaches or operational issues occur in the custody of digital assets.

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Source: smartphonemagazine.nl

The post Financial Institution NAB Embraces Crypto Custody Solution appeared first on HIPTHER Alerts.

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