Blockchain
Antier Solutions Records USD 50M Liquidity in their Crypto Friendly Banking Platform – Signals Partnerships with Global Finance Institutions
The rapidly evolving digital landscape has led to the dawn of the era of neobanks. As global consumers navigate to crypto friendly neo banking, the service providers have begun to include their solutions supporting digital assets.
Antier Solutions, a Blockchain finance services company headquartered in India has gone full throttle with its signature crypto friendly banking services for startups and corporates. The crypto bank has recorded a liquidity amount of USD 50M making it one of the biggest networks in the business.
The bank users are issued an IBAN account and digital credit/debit cards, a merchant payment gateway and a user controlled wallet. Besides vendor payments in cryptos, the solution has an inbuilt trading desk enabling peer-2-peer lending and other DeFi functions.
“The finance industry is evolving wherein the institutions and customers are realising the transformative power of cryptocurrencies in making banking more transparent, secure, cost-efficient, and accessible to everyone. Our belief in driving the change rather than watching it happen encouraged us to offer white label digital asset banking software that assure faster deployment and better services,” said Vikram R. Singh, the Managing Director of Antier Solutions.
By 2023, neobanks are projected to have up to 85 million customers over the age of 14 which is equivalent to 20% of Europe’s population. Furthermore, research by Censuswide unveils that one in four people under the age of 37 in Western Europe uses the services of a digital bank.
With two global units in North America and the UK, Antier Solutions has partnered with some of the world’s leading banks and financial institutions. The company harnesses its technical prowess to accelerate the development of crypto banking services for global customers.
Blockchain
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The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
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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.
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