Blockchain
SolarWise Leverages VeChain for Sustainable Energy Solutions, Key Updates Unveiled
VeChain continues to expand its partnerships following its previous collaboration with the Crypto Carbon Ratings Institute (CCRI) to quickly implement a framework ensuring compliance with the EU’s Markets in Crypto Assets regulation (MiCA), as reported in a recent CNF update.
One of VeChain’s key partners, SolarWise Own The Sun AG, is making significant strides in integrating renewable energy with blockchain technology. SolarWise is nearing the completion of its first solar farm in Brazil, scheduled for September 20th, 2024. As sustainability efforts gain traction globally, the number of active contracts on the VeChain platform is increasing.
SolarWise Partners with VeChain, Delays $SUN Token Launch
The progress of the solar farm, including security features and the final stages of construction, will be monitored by the community in real-time via a live feed on SolarWise’s DAPP. Despite postponing the launch of its $SUN token, SolarWise aims to maximize user value by focusing on the $VET token. The company has assured users that XP earned on their DAPP remains unaffected by the delay.
As SolarWise awaits critical regulatory approval from FINMA, CEO Ronnie emphasized their dedication to bridging the gap between traditional and decentralized industries, stating, “We’re excited to ensure our innovations impact both spheres.”
Meanwhile, VeChain’s token, $VET, is currently trading at $0.02278, reflecting a slight decline of 0.08% over the past day and 4.56% over the past week, according to CoinMarketCap data.
Nevertheless, through its partnership with VeChain, SolarWise has selected $VET as the primary token within its ecosystem. This strategic move is intended to enhance $VET’s utility by incorporating it into critical functions such as minting Solar NFTs, processing transactions, and facilitating monthly energy sale payouts. This integration strengthens the synergy between SolarWise and VeChain, benefiting both parties.
Source: crypto-news-flash.com
The post SolarWise Leverages VeChain for Sustainable Energy Solutions, Key Updates Unveiled appeared first on HIPTHER Alerts.
Blockchain
WhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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