Blockchain
Regulated exchange Free2ex protects client assets with a $1m security fund, setting a new standard of transparency and legality
Free2ex is one of Europe’s few fully regulated and transparent crypto exchanges. A large client asset security fund, fiat deposits and withdrawals, great exchange rates and low spread – all this makes Free2ex a prime example of the new generation of trading platforms.
Belarus license, Big 4 audit and client asset insurance: how Free2ex guarantees security
Belarus has some of the world’s most advanced crypto laws. The licensing and security requirements for crypto exchanges are just as strict here as, say, in Singapore, Estonia, or Malta. Consequently, the very fact that Free2ex is regulated by the Belarus Hi-Tech Park in Minsk testifies to the exchange’s reliability, legality and transparency.
Insuring clients’ funds against the risk of a cyber attack is the key element in the Free2ex security strategy. The current value of the insurance deposit is $1 million. As for internal security, Free2ex undergoes annual financial and technological audits by one of the Big 4 companies. Customers’ funds are stored in multisignature cold wallets.
Detailed information about the operator of the exchange is publicly available. Moreover, Free2ex will readily provide an official confirmation of any transaction upon the customer’s request: a service that is unavailable on unregulated exchanges. Furthermore, thanks to the favorable regulatory climate in Belarus, Free2ex allows blockchain companies to conduct fully legal initial token offerings.
Fiat on-off ramps
Thanks to its partnerships with leading banks, Free2ex offers extensive fiat support:
- Transactions in USD, EUR and RUB;
- Funding and withdrawals using Visa/MasterCard, wire transfers, and various payment systems;
- SWIFT and SEPA bank transfers;
- Lower card fees than on most exchanges;
- Favorable exchange rates;
- Real-time 24/7 conversions;
- Fast & simple KYC verification.
Low spread, guaranteed liquidity and crypto-fiat pairs: the advantages of trading on Free2ex
Apart from security and transparency, Free2ex is known for the very high quality and speed of its trading engine. Users can choose between a web interface, a mobile app for iOS and Android, a Windows desktop terminal, and an API.
Free2ex collaborates with a private network of market makers to minimize spreads and ensure a steady supply of liquidity. Trading fees are very low even for small volumes. The platform features circa 20 trading pairs – some of them with fiat currencies and tokenized gold – and a wide range of order types, such as stop limit and Iceberg orders.
In the near future, Free2ex will launch margin trading and tokenized real assets, as well as crypto debit cards.
To learn more about Free2ex and buy cryptocurrency with fiat, visit the official website: https://www.free2ex.com/ru
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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