Blockchain
LBank Exchange Will List ZAK (ZAKZAK) on October 8, 2021
LBank Exchange, a global digital asset trading platform, will list ZAK on October 8, 2021. For all users of LBank Exchange, the ZAK/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on October 8, 2021.
Online gambling & entertainment has become one of the most important parts of the world economy, a Layer 2 crypto ecosystem named ZAKZAK is developed specifically for it. ZAK, the central token of ZAKZAK platform, will be listed on LBank Exchange at 20:00 (UTC+8) on October 8, 2021.
Introducing ZAKZAK
ZAKZAK is a Layer 2 crypto ecosystem developed specifically for the online gambling and entertainment sector. It aims to provide users and entertainment site operators like online casinos and live streaming platforms with improved transaction speeds including instant payouts, security, and transparency.
Casinos and entertainment site operators can easily integrate the ZAKZAK system allowing for faster, lower-cost transactions and access to a wider player base. Users benefit from instant payouts and full transparency as win-rate information is publicly viewable on the ZAKChain and cannot be falsified.
What is ZAK?
ZAK token is the central token of the ZAKZAK platform. Existing product development and extension actively encourage gambling and entertainment site operators to take advantage of the ZAKZAK ecosystem and user base thus increasing usage of the token. ZAKZAK has excellent relationships with several of Asia’s biggest online gaming operators and live streaming content providers and is already live on several casinos in Japan.
The total supply of ZAK token is 1,000,000,000 (i.e. 1 billion). Regarding the token allocations: 55% of the total supply is for validator & staking rewards, 15% was for token sale, 5% was for marketing, 5% has been provided for liquidity & market making, 7% was for development, 3% was for initial investors, and the remaining 10% was for foundation.
Current product developments include an NFT Marketplace to buy and sell the rights to various online casino games as NFTs. Users can buy part or full ownership of casino games built by top developers. ZAKZAK will also include a DEX where users can stake their tokens to earn high % rewards.
Learn More about ZAK Token:
Official Website: https://www.zakswap.org
Twitter: https://twitter.com/ExchangeZakzak
Telegram: https://t.me/zakchain
Whitepaper: https://www.zakswap.org/docs-en/ZAKZAK-Whitepaper-EN.pdf
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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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