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Cypherpunk Holdings Inc. Announces Closing of Oversubscribed Non-Brokered Private Placement

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Toronto, Ontario–(Newsfile Corp. – January 15, 2021) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) a sector leader for privacy-technology investments is pleased to announce that, further to its press release of December 23, 2020 it has closed an oversubscribed, non-brokered private placement offering (the “Offering“) through the issuance of 19,867,470 Units (“Units“) at a price of C$0.15 per Unit for gross proceeds of C$2,980,120. Each Unit is comprised of one common share (each a, “Common Share“) in the capital of the Company and one half of one whole Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of C$0.25 until January 15, 2023.

The net proceeds and additional capital from the Offering will be used to continue investing as per the Company’s outlined investment strategy in cryptocurrencies, companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem.

In connection with the Offering, certain eligible finders received cash commissions in the aggregate amount of $17,550. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable security legislation. This Offering is subject to final approval of the Canadian Securities Exchange.

The Offering constituted a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101“), as insiders of the Company acquired 2,561,667 Units. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of the proceeds of the Offering in an expeditious manner.

About Cypherpunk Holdings Inc.

Cypherpunk is a company set-up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia, NGRAVE, and Hydro 66.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s intention to complete the private placement offering and its goal of making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company’s plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Investor Relations Contacts:
Veronika Oswald
Cypherpunk Holdings Inc., veronika@cypherpunkholdings.com
Office: 416.599.8547

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72188

ALYI Announces All ReVolt Electric Motorcycle Pre-Orders Taken – Still Opportunity To Sign-Up For Waitlist

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Dallas, Texas–(Newsfile Corp. – January 15, 2021) – Alternet Systems, Inc. (OTC Pink: ALYI), an electric vehicle innovation company headquartered in Dallas, Texas, today announced all available pre-order slots for the first 200 Retro ReVolt Electric Motorcycles have been taken. The company indicated the pre-order form on the company website remains open at this time for people to get on a waitlist in the event an opening in the first 200 pre-orders comes up, or to be notified when more Retro ReVolt Elelectric Motorcycles are available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72159

ALYI Announces RevoltTOKEN ICO Update

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Dallas, Texas–(Newsfile Corp. – January 15, 2021) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced an update from its finance partner, RevoltTOKEN published by the RevoltTOKEN CEO, Henryk Dabrowski. The update is included in its entirety below:

RevoltTOKEN CEO Henryk Dabrowski

Let me start with a quick refresher on RevoltTOKEN. RevoltTOKEN was formed for the specific purpose of funding the ALYI electric mobility ecosystem.

ALYI is building an electric mobility ecosystem to engage electric vehicle industry expert participants in a perpetual electric mobility design and production continuum. The ecosystem has been designed to initiate around a first electric vehicle product launch, specifically an electric motorcycle, and an annual electric mobility symposium with an electric vehicle anchor race event intended to motivate the participation of electric vehicle industry expertise.

The ALYI electric mobility ecosystem is further defined by its concentration in Africa where per capita transportation is low. The initial electric motorcycle launch is intended to target the existing motorcycle taxi (boda) market. Delivery vehicles are a second electric vehicle target. The electric vehicle race event in Africa is intended to bring electric vehicle industry expertise from around the world to bear on the African electric vehicle market.

RevoltTOKEN is intended to offer entry into the ALYI electric vehicle network.

RevoltTOKEN has been established on the Ethereum Blockchain. In other words, RevoltTOKEN is an Ethereum Token.

We have designed RevoltTOKEN to be a “utility” token redeemable into components of the ALYI electric vehicle ecosystem to include, for instance, the acquisition of an ALYI Revolt Electric Motorcycle or entrance into one of ALYI’s annual electric vehicle symposium and electric vehicle race events or participation in carbon credits resulting from ALYi’s electric mobility ecosystem. ALYI has a long-term plan to digitize its stock in the future and in conjunction with that objective, we would plan to include an option to redeem RevoltTOKENs into ALYI digital shares.

While we have the technology aspects of RevoltTOKEN under control, our primary task now at hand to prepare for an ICO is to address the cryptocurrency regulatory environment.

The first stock exchange was launched in the 1500s. The first cryptocurrency was launched in 2009. There are literally centuries of experience to draw on when structuring regulations to make the trading of stocks fair and legal. Today, a general set of stock exchange rules are universally accepted around the world. When it comes to crypto assets, attitudes and opinions are a bit more chaotic. We are trying to carefully navigate the chaos.

Our regulatory approach has been to establish a domicile for RevoltTOKEN within a small country that had prioritized the development of a regulated market for crypto assets. Our objective was to license or register RevoltTOKEN within that small market and then, once established within one market, begin to license or register in additional markets.

We explored and evaluated a number of potential initial domiciles to include Malta and Estonia. We decided on Bermuda. Like Estonia and Malta, Bermuda had prioritized the development of a crypto asset market.

We were not surprised to find our registration process for RevoltTOKEN in Bermuda took a fair amount of time. We were excited last week when we received indication that our registration was complete. Then we subsequently were informed that our application was not accepted.

Early on in my career, a mentor said to me, “the work doesn’t begin until someone says ‘no'”. The idea of overcoming the “no” has stuck with me and I consider the Bermuda’s “no” a significant milestone in the advance of RevoltTOKEN toward its ICO.

In an environment where rules and regulations are chaotic and new, I argue that getting a “no” is ultimately better than getting a yes. A “no” gives us specific criteria to address. We can be even more confident in the soundness of our eventual license or registration when we respond to and overcome a “no” then if we simply got a yes in response to our initial application. A “no” is a learning opportunity.

In addition to responding to Bermuda’s response, we are revisiting other previously investigated small domiciles in addition to reconsidering the U.S. as an initial domicile.

While we are hesitant to cut our crypto asset regulatory teeth within the U.S. regulatory environment, we have always planned to eventually enter the U.S. market. Toward that end, we recently established a U.S. presence to prepare for our eventual market entry.

While the Bermuda response may impact the ICO timeline, we are confident it improves the overall solidity of RevoltTOKEN. Working closely with ALYI to provide necessary funding prior to the planned ICO, we are also confident the potential ICO timeline impact does not jeopardize ALYI’s current busines plan outlook.

In the meantime, we continue to entrain co-founding investors interested in participating in advance of the RevoltTOKEN ICO launch. Please contact us to learn more about the RevoltTOKEN cofounding program by emailing us at info@RevoltToken.com.

For more information and to stay up to date on RevoltTOKEN’s latest developments, please visit www.revolttoken.com.

For more information and to stay up to date on ALYI’s latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

Bitcoin Bank Review: Comprehensive Sign Up Guide For Bitcoin Bank Trading App

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The creators of Bitcoin bank state that this is automatic crypto trading software that aims to help first-time investors trade in cryptocurrencies, including Bitcoin. The trading bot uses advanced technology to identify trends of the market and use the market data to provide the users with profitable trades. This superior software algorithm is supported by powerful artificial intelligence. All the cryptocurrencies and Bitcoin have outperformed and outclassed all other assets over the last year. So, this market is very popular among investors who seek to get rich. This trading software identifies opportunities and executes profitable trades automatically in just 0.1 seconds quicker than the crypto market. The trading software allows its users to trade in multiple cryptocurrencies such as Zcash, Ripple, Ethereum, Litecoin, Bitcoin, etc.

REPORT IN THE OFFICIAL WEBSITE: https://the-bitcoinbanker.com/

The trading robot uses software that allows the traders to invest and trade in all cryptocurrencies in global exchanges. Professional traders and novices can use the Bitcoin Bank because of its ease of use, accurate trading signals, and auto trading software. With this platform, the risk involved in crypto trading in the Bitcoin market gets minimized. This trading bot has modern artificial intelligence that scans many websites and provides users with the best deals. The automatic software buys a cryptocurrency at a lower price and sells at a higher price and makes the users immense profits. The traders just have to log in and start using it. The trading bot is created by mastered and skilled traders who have been in this field for years together. This has an accuracy rate of 99.4%. MUST SEE: “Shocking New Bitcoin Bank Report – This May Change Your Mind”

The price of Bitcoin is rising due to many reasons. Many large companies, such as Microstrategy, Grayscale, have been earning profits for their clients by transacting Bitcoins. Many international giants and business intelligence firms have financed $425 million in cryptocurrency and Bitcoin. On October 8, 2020, Square financed $50 million in cryptocurrency and Bitcoin which is 1% of the total assets of the company. The supply of Bitcoin has halved after a certain time, as per the protocol of the blockchain. Because of that, the prices of Bitcoin have increased. These factors have generated a spectacular bull run for all cryptocurrencies like Bitcoin. Square and MicroStrategy have made considerable profits of 53% and 46%. The worth of Bitcoin in the two companies are $76 million and $620 million, respectively. Bitcoin’s price is $16081 which has increased by 28% in three months. After the price-fall of Bitcoin to $4000, the prices have risen from there. The cryptocurrency has touched new price highs of $10000. Bitcoin Bank provides the users to invest in cryptocurrencies and function together. The earned-profits can be withdrawn with any hassles. According to the company and many user reviews, this convenient application does not need any experience or expertise to start with the software. The user can earn tremendous profits just by sitting at home.

The user can start using the Bitcoin Bank trading platform just by registering on their website. The registration begins with giving the company the user’s email id and name. When the user’s email id has been verified, the user will get access to the software immediately. Then, the user needs to deposit an amount of $250 in the account. This is the initial investment made, to begin with, trading. A beginner trader can practice trading on the demo account, learn the strategies and techniques of trading. Then, the user can start off with live trading on the Bitcoin Bank trading platform.

Many users have given good reviews about the trading platform. One of the users says, “I was fed up and frustrated with my 9-5 job. I was constantly looking for jobs online or the ways in which I can earn money online. I browsed through the internet and found out about the Bitcoin Bank trading platform. The trading bot has helped me a lot. I have paid off my debts and bought a villa on the outskirts of the city.”

Many people see Bitcoin and cryptocurrency to be the future of most of the transactions. Some entrepreneurs believe this can even replace paper currency. Numerous people are shifting to digital currencies to earn immense profits. So, the demand for Bitcoin and all other cryptocurrencies are gradually increasing. By using Bitcoin Bank, the user can also relish the benefits of the software. The company claims that Bitcoin Bank helps the users to invest in all cryptocurrencies including Bitcoin for trading. This software helps the user to earn unlimited profits. This software makes the user a millionaire within no time. These earnings can be cashed out without any hassles.

Graph Blockchain Announces Early Warrants and Option Exercise

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Toronto, Ontario–(Newsfile Corp. – January 14, 2021) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Company“) is pleased to announce that 5,845,700 of the previously issued share purchase warrants (“Warrants”) and the share purchase options (“Options”) have been exercised resulting in gross proceeds to the Company of $300,742 to further capitalize its ongoing review of M&A opportunities.

In addition, the Company announces that Mr. Andrew Ryu, the Chief Executive Officer and Chairman, has also exercised a total of 5,500,000 options and warrants to help the Company’s balance sheet as outlined:

  • 500,000 warrants at $0.06

  • 5,000,000 options at $0.05

The Company has granted incentive stock options to directors, officers, advisor, and employees of the company to purchase up to 14.5 million common shares in the capital of the company, pursuant to the stock option plan of the company. The options are exercisable at a price of 9.5 cents per share and will expire two years from the date of grant.

About Graph Blockchain Inc.

The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.

Additional Information on the Company is available at: www.graphblockchain.com

For further information, please contact:

Jamie Hyland
Phone: +1 604-442-2425
Email: jhyland@graphblockchain.com

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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ALYI Highlights Twitter CEO Jack Dorsey Bitcoin Comments In Conjunction With Upcoming RevoltTOKEN Update

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Dallas, Texas–(Newsfile Corp. – January 14, 2021) – Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted recent comments regarding Bitcoin made by Jack Dorsey, CEO of Twitter and Square.

Dorsey’s attention to Bitcoin, is timely in light of the RevoltTOKEN milestone update scheduled for release tomorrow from ALYI’s financing partner. RevoltTOKEN has recently achieved a major milestone that will be addressed by RevoltTOKEN CEO Henryk Dabrowski in his update tomorrow to include the latest on RevoltTOKEN’s upcoming ICO plans.

Dorsey’s comments pertain not specifically to Bitcoin, but otherwise to the underlying technology behind Bitcoin. The same technology paradigm behind RevoltTOKEN and all cryptocurrencies.

From the BENZINGA article yesterday covering Dorsey’s comments:

Bitcoin As The Answer: As Dorsey noted the need to ensure we don’t “erode a free and open global internet,” he said he was particularly passionate about Bitcoin (BTC) because of the “model it demonstrates.”

“A foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be,” the Twitter CEO said.

View the entire article at the link below:

Why Jack Dorsey Sees Bitcoin As The Answer To Donald Trump Ban Controversy

RevoltTOKEN CEO Henryk Dabrowski plans to publish an update tomorrow, Friday, January 15th, 2021 to detail a major milestone and provide the latest update on progress toward the planned ICO to fund the ALYI electric vehicle ecosystem.

For more information and to stay up to date on RevoltTOKEN’s latest developments, please visit www.revolttoken.com.

For more information and to stay up to date on ALYI’s latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

Bitcoin Association awards Satoshi Nakamoto scholarship to University of Cambridge PhD candidate for second year

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Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces that it has awarded the Satoshi Nakamoto scholarship for a second year in 2021 to Robin Kohze, a PhD candidate in genetics at the University of Cambridge.

The Satoshi Nakamoto scholarship is awarded annually to an exceptional student to support the study and development of blockchain applications that leverage the unique qualities and capabilities of Bitcoin SV. The only implementation of Bitcoin which adheres to the original protocol, design and vision for Bitcoin outlined by its creator, Satoshi Nakamoto, the Bitcoin SV network scales unbounded to support greater transaction throughput and data capacity, facilitating more efficient online payments and a powerful data network for enterprise blockchain applications.

It is the second consecutive year that Kohze has been awarded the scholarship, after receiving the inaugural Satoshi Nakamoto scholarship in 2020 to support the development of the HIVE platform and protocol – a dynamic, self-growing information protocol built on the Bitcoin SV blockchain. The concept, which won Kohze a finalist position in the second Bitcoin SV Hackathon,  was implemented as a working platform last year under the brand name Raspora. Kohze intends to use the 2021 award to further develop the protocol, in addition to publishing a research paper expanding on the theoretical underpinnings of the system.

Kohze has played a central role in stoking a fast-growing community of Bitcoin SV developers and enthusiasts in Cambridge. He founded the Cambridge University Metanet Society, a student-led organisation offering workshops, discussion forums, hackathons, masterclasses and more, focused on stoking interest in blockchain technology and developing applications with Bitcoin SV.

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, said:

“Bitcoin Association are delighted to award the Satoshi Nakamoto scholarship for a second year to Robin Kohze, a promising intellectual mind at the University of Cambridge, who sees the wide-reaching capabilities of a blockchain platform allowed to scale unbounded and the ability of Bitcoin micropayments to re-invent the Internet by incentivising different behaviour for users’ digital activity. I look forward to once again working alongside Robin and the wider Cambridge community to advance the Satoshi Vision for Bitcoin with Bitcoin SV.”

Also commenting, Robin Kohze, said:

“For the past year, my focus has been advancing the biology-inspired HIVE protocol from an initial concept through to a real platform that brought the idea of dynamic, incentive-based content creation and curation to life. This year, the focus will shift towards formalising the academic component of the work, with a HIVE research publication, as well as further refinements to the platform. Ultimately, I see HIVE as an opportunity to expand the scope of micropayment-based incentive systems, to facilitate the creation of next generation Metanet platforms.”

LatticeX Foundation summarizes OCC’s Groundbreaking Guidance on Stablecoin and Cypto-payment Networks

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Amidst the much heated global discussion of digital currencies right at the beginning of 2021, the Office of the Comptroller of Currency (OCC) brought forward an interpretive letter (# 1174), like the music taking ears in the Blockchain innovation market much in surprise.

The letter is generally heralded as the efforts in clarifying road rules from the U.S. regulatory agency for the application of innovative crypto technologies, paving the way forward for the national banks and the Federal Reserve Associations to use the new powerful technologies, including the Independent Node Verification Network (INVN) and stablecoins to better service the ever-demanding payment needs from the real economy.

In a nutshell, the letter tells:

1) Banks can act as nodes of the blockchain (INVN), issue stable coins, exchange stable coins for legal tender, and verify, store and record payment transactions.

2) Banks can use stablecoins to facilitate customer payment transactions.

The new guidelines open up the possibility for banks to use INVN and stablecoins to transfer funds faster between financial institutions without government intermediaries. This gave banks the green light to use the “always online” function of the compliant blockchain networks.

What Does This Mean, Exactly?

The market is excited about the OCC’s interpretive letters, because OCC has always been regarded as a rather conservative institution and often been criticized for lagging behind in supporting the development of financial innovation technology. Against this historical background, OCC’s latest letter just outlines a prudential regulatory agency framework, showing that the government actually understands that the cryptocurrency network is the foundation of the next-generation payment system, and is acting cautiously and quickly. It’s always encouraging to see major regulatory agency in keeping up with changing times and customer needs.

In fact, if we take a step back and analyze the landscape in a stretch timeline, OCC has obviously taken a rather systemic approach on the practice of cryptocurrency and digital assets for banks and financial institutions under its supervision. Since July 2020, OCC has published a series of guidelines:

The first interpretive letter 1170 published in July 2020 clarified the legal basis for the bank to provide customers with cryptocurrency custody services, especially around private key custody.

The second interpretive letter 1172 issued in September 2020 further elaborated on the authority of banks to hold and manage stablecoin reserves.

This is the third interpretive letter 1174, which is generally understood by the market as breakthrough cryptocurrency guidance for the future of banks and payments.

It is worth mentioning that in December 2020, the chief economist of OCC also published a paper named “Depicting the Future of Fintech”, which focused on the regulatory ideas for stablecoins. It is pointed out that stablecoins must be included in the concurrent supervision framework, stablecoin issuers must “out of the shadow” and would benefit from obtaining the National Bank Charter.

This shows that OCC’s acknowledging the power of leveraging blockchain networks and permissible stablecoins in forming the new payment infrastructure. This opens up new business opportunities for technology innovators to provide faster 24-hour real-time payment functions that currently lacks under the existing framework.

The Impact and Opportunities

Although OCC’s letter gave the green light that banks may use the “always-on” function of public blockchains, it’s clear neither public blockchains nor stablecoins will replace the traditional financial payment rail, rather, this is a crucial first step in legitimizing the exploration of public blockchain as an alternative infrastructure that banks may freely adopt.

As pointed out in the OCC explanation letter, “Over time, banks’ financial intermediation activities have developed and adapted to changing economic conditions and customer needs.

Banks have adopted new technologies to carry out activities permitted by banks, including payment activities. The ever-increasing demand in the market fully illustrates the changes in the economy’s financial needs, which are achieved faster by using disintermediation technologies (such as INVN) to verify and record financial transactions (including stable currency transactions). More efficient payment.”

We also noted that the letter emphasized that when banks must expand and maintain the operating rules that comply with the Bank Secrecy Act (BSA) and anti-money laundering (AML).

Banks need to make full use of the experience of BSA/AML to correctly address the unique risks associated with cryptocurrency transactions. As always, the complexity of the products and services offered must be commensurate with the level of sophistication in risk management and deemed appropriate for the strategic plan of business growth.

Obviously, safety and robust privacy preservation are the top considerations when it comes to deal with innovation and new payment systems. The use of INVN, digital assets, cryptocurrencies and other blockchain technologies are just new means to enhance and empower the needs of economic functions in digital transformation.

The capabilities in private computing will become the core competitiveness of next-generation financial institutions in providing such digital financial services.

It’s exciting to see the future unfold.

SOURCE LatticeX Foundation

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