Blockchain
Bitget Targets India Expansion with Crypto Regulatory Compliance Push
Cryptocurrency exchange Bitget has set its sights on becoming a regulated player in the world’s most populous democracy. The company’s announcement comes as India grapples with the complexities of integrating cryptocurrencies into its financial ecosystem.
Bitget has signaled its intent to register as a regulated crypto exchange in India. The company revealed it is in active discussions with India’s Financial Intelligence Unit (FIU) regarding licensing requirements. Despite increasing talk of stringent regulations in the cryptocurrency industry, India remains one of the fastest adopters of crypto in the world.
India represents a vast market, with nearly one in five people globally hailing from the country. No cryptocurrency exchange can afford to overlook such a large potential customer base. This is evidenced by the latest move from Binance, which is preparing to re-enter the local market. Simran Alphonso, Head of Global Communications at Bitget, commented, “India is a high-priority market for Bitget. We’re actively navigating through regulations to make sure the platform is compliant for us to serve our users in India.”
As part of its efforts to establish a presence in India, Bitget is launching user awareness campaigns aimed at educating investors about digital assets. The company is also maintaining transparency by providing verifiable Proof of Reserves data and offering users access to fund storage information, including publicly available wallet addresses.
Bitget has already obtained Virtual Asset Service Provider (VASP) licenses in Lithuania and Poland. The exchange has implemented mandatory Know Your Customer (KYC) procedures to prevent the illicit use of digital assets and enhance security compliance for traders. The company’s user protection initiatives include the Bitget Protection Fund, which reported an average valuation of $429 million in June 2024. This fund has been a key component of Bitget’s strategy to provide a secure trading environment since its launch in August 2022.
The exchange has also greatly benefited from the recent cryptocurrency boom, triggered by Bitcoin reaching record values in March 2024. The customer base of the exchange grew to 25 million, and its native token surpassed the $1 milestone.
Source: financemagnates.com
The post Bitget Targets India Expansion with Crypto Regulatory Compliance Push appeared first on HIPTHER Alerts.
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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