#Japan Security Token Offering Association

[siliconpalms]

Security Tokens vs. Stock Certificates: Will Global Stock Exchanges Embrace the Future?

In the ever-evolving landscape of finance, the rise of blockchain technology has given birth to a new asset class: security tokens. These digital assets are reshaping how investments are made, owned, and traded. As the world leans more into the digital age, a pressing question emerges: Will the stock exchanges of the world shift from traditional stock certificates to the more modern,…

[crytolenz]

Deciphering ICO Legalities: A Roadmap through Regulatory Terrain

Navigating the Regulatory Maze

Initial Coin Offerings (ICOs) operate in a dynamic regulatory environment subject to constant evolution. As ICOs gain traction, governments and regulatory bodies worldwide have intensified their scrutiny, resulting in a complex regulatory landscape. Both issuers and investors are faced with navigating a diverse array of regulations that vary significantly across jurisdictions.

Adhering to Securities Laws

A central challenge for ICOs lies in determining whether the tokens they offer qualify as securities under relevant laws. In the United States, the Howey Test serves as the benchmark for evaluating whether a transaction constitutes an investment contract and thus a security. If deemed a security, ICO tokens must comply with securities registration requirements and disclosure obligations, unless an exemption applies.

Legal Counsel: A Vital Asset

Given the intricate legal terrain, seeking guidance from seasoned legal professionals is paramount for ICO issuers. Legal experts can provide invaluable assistance in interpreting applicable laws, structuring ICOs to meet regulatory requirements, and identifying and mitigating legal risks. Critical documents such as the whitepaper, terms and conditions, and privacy policies must be meticulously crafted by legal counsel to ensure compliance and safeguard the interests of all stakeholders.

Lessons from Regulatory Actions

Recent regulatory interventions have underscored the repercussions of non-compliance. Enforcement actions by regulatory bodies like the U.S. Securities and Exchange Commission (SEC) against unregistered ICOs have resulted in substantial fines, investor refunds, and reputational damage. These cases serve as stark reminders of the imperative to adhere to securities laws.

Navigating Global Regulations

ICO issuers must be cognizant of jurisdiction-specific regulations in every market where they intend to offer tokens. Regulatory approaches vary widely:

United States: The SEC maintains a proactive stance in overseeing ICOs as potential securities offerings.

European Union: Efforts are underway to establish a unified regulatory framework for crypto assets.

China: ICOs have been outright banned.

Japan and Singapore: These jurisdictions have enacted bespoke regulations tailored to ICOs.

Other Jurisdictions: Many jurisdictions are in the process of formulating policies concerning ICOs and cryptocurrencies.

Mitigating Legal Risks

To mitigate legal risks, ICO issuers should:

Evaluate Token Classification: Assess whether their tokens are likely to be classified as securities under applicable laws.

Engage Legal Professionals: Collaborate with competent legal advisors to ensure compliance with regulatory requirements.

Facilitate Transparent Disclosures: Furnish investors with comprehensive disclosures outlining the rights and risks associated with the tokens.

Craft Robust Documentation: Develop meticulously detailed legal documentation, including a well-drafted whitepaper, terms and conditions, and privacy policy.

Stay Informed: Remain abreast of regulatory developments in jurisdictions where token offerings are planned.

By comprehending and maneuvering through the legal and regulatory complexities of ICOs, issuers can effectively safeguard their ventures and investors, fostering a secure and compliant environment for cryptocurrency endeavors. for more crypto ICO information do visit Cryptolenz

[p5ravin]

Crypto’s Dark Side: The Six Most Notorious Heists in Crypto

While cryptocurrencies offer numerous benefits such as decentralization, transparency, and security, they are not immune to exploitation by cybercriminals. Over the years, the crypto industry has witnessed several high-profile heists, resulting in millions of dollars worth of digital assets being stolen. Here, we delve into the six most notorious crypto heists that have rocked the industry:

Mt. Gox Hack (2014): Perhaps the most infamous crypto heist in history, the Mt. Gox hack saw the Japanese exchange lose approximately 850,000 bitcoins, worth over $450 million at the time. The hack, which was discovered in February 2014, ultimately led to the bankruptcy of Mt. Gox and left thousands of users out of pocket.

Bitfinex Hack (2016): In August 2016, Hong Kong-based exchange Bitfinex fell victim to a devastating hack that resulted in the theft of 120,000 bitcoins, valued at around $72 million at the time. The hackers exploited vulnerabilities in Bitfinex's security system, leading to widespread panic among users and a significant loss of trust in the exchange.

Coincheck Hack (2018): In January 2018, Japanese exchange Coincheck suffered a massive security breach that saw hackers make off with over 500 million NEM tokens, worth approximately $530 million at the time. The hack, which remains one of the largest in history, exposed serious flaws in Coincheck's security protocols and led to increased scrutiny of cryptocurrency exchanges in Japan.

Binance Hack (2019): In May 2019, Binance, one of the world's largest cryptocurrency exchanges, experienced a security breach that resulted in the theft of 7,000 bitcoins, valued at around $40 million. Despite the hack, Binance managed to reimburse affected users through its Secure Asset Fund for Users (SAFU) and implement additional security measures to prevent future breaches.

KuCoin Hack (2020): In September 2020, Singapore-based exchange KuCoin fell victim to a sophisticated hack that saw hackers steal over $280 million worth of cryptocurrencies, including bitcoin, ethereum, and various altcoins. The hack underscored the vulnerability of centralized exchanges and the importance of implementing robust security measures.

Poly Network Hack (2021): In August 2021, decentralized finance (DeFi) platform Poly Network suffered a major security breach that resulted in the theft of over $600 million worth of cryptocurrencies. Despite the scale of the hack, the perpetrator eventually returned the stolen funds and was hailed as a "white hat" hacker for exposing vulnerabilities in Poly Network's smart contracts.

These six notorious crypto heists serve as stark reminders of the risks associated with investing in cryptocurrencies and the importance of implementing stringent security measures. While the crypto industry has made significant strides in improving security and mitigating risks, cybercriminals continue to exploit vulnerabilities, highlighting the need for continued vigilance and innovation in the fight against crypto theft.

[blogchaindeveloper]

Cryptocurrency Regulations Around the World

From the United States to China, and various countries in between, governments are grappling with the task of overseeing the burgeoning crypto space. In this comprehensive guide, we navigate through the current regulatory frameworks and developments in different nations, shedding light on how they approach the complex realm of digital currencies.

For those eager to learn cryptocurrency trading and become a cryptocurrency expert or crypto advisor, understanding the regulatory landscape is crucial. As the demand for knowledge in this field grows, Blockchain Council's crypto trading courses emerge as a beacon, offering unparalleled insights into cryptocurrency trading and the broader realm of digital assets.

United States

The United States, a key player in the cryptocurrency market, has witnessed significant regulatory shifts in recent times. In 2022, a new framework emerged, paving the way for enhanced regulation. Market regulators such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) gained authority in this evolving landscape.

The SEC, led by Chairman Gary Gensler, has taken proactive steps towards regulation, exemplified by the high-profile lawsuit against Ripple. Gensler has emphasized the need for investor protection, referring to the crypto markets as "a Wild West." The White House has also expressed its intent to address illegal cryptocurrency activities, contemplating amendments to existing statutes and evaluating risks associated with decentralized finance and non-fungible tokens.

The prospect of a digital dollar is on the horizon, with the Biden administration recognizing "significant benefits" in exploring a central bank digital currency (CBDC). Federal Reserve Chairman Jerome Powell sees a CBDC as a means to eliminate the reliance on alternative coins in the country.

China

In China, cryptocurrencies are classified as property for inheritance purposes. The People's Bank of China (PBOC) has imposed bans on crypto exchanges and Bitcoin mining, citing concerns about public financing and regulatory approval. Despite these restrictions, China has been actively developing its digital yuan (e-CNY), officially initiating the next phase of its CBDC pilot test program in 2022.

Canada

Canada takes a proactive stance on crypto regulation. While not considered legal tender, cryptocurrencies are subject to capital gains tax. The country approved the first Bitcoin exchange-traded fund (ETF), and crypto trading platforms must register with regulatory authorities. All crypto investment firms are classified as money service businesses, necessitating registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

United Kingdom

In the United Kingdom, cryptocurrency trading  is considered property, and exchanges must register with the Financial Conduct Authority (FCA). The regulatory landscape gained further clarity when the lower house of the British Parliament recognized crypto assets as regulated financial instruments, extending current laws to cover stablecoins.

Japan

Japan adopts a progressive approach, recognizing cryptocurrencies as legal property under the Payment Services Act (PSA). Crypto exchanges must register with the Financial Services Agency (FSA) and adhere to anti-money laundering (AML) and combating the financing of terrorism (CFT) obligations. The country treats crypto trading gains as miscellaneous income and has been actively working on regulatory aspects, including taxation.

Australia

Australia classifies cryptocurrencies as legal property, subjecting them to capital gains tax. Exchanges must register with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and comply with AML/CTF obligations. Regulatory requirements were introduced for initial coin offerings (ICOs), and privacy coins were banned on exchanges.

Singapore

Singapore, like the UK, classifies cryptocurrency as property. The Monetary Authority of Singapore (MAS) licenses and regulates exchanges under the Payment Services Act (PSA). Long-term capital gains are not taxed, making Singapore a favorable environment for cryptocurrency activities.

South Korea

South Korea mandates registration for cryptocurrency exchanges and virtual asset service providers with the Korea Financial Intelligence Unit (KFIU). The country imposed a 20% tax on digital assets, which was initially set to take effect in 2022 but has been delayed until 2025. Legislation, known as the Digital Asset Basic Act, is underway to regulate the crypto space.

India

India remains in a state of regulatory uncertainty regarding cryptocurrencies. While a bill circulates proposing a ban on private cryptocurrencies, it has not been voted on. India imposes a 30% tax on crypto investments and a 1% tax deduction at source (TDS) on crypto trades. The country launched a tokenized rupee pilot program in late 2022.

Brazil

Brazil has not designated Bitcoin as legal tender, but it passed a law recognizing cryptocurrencies as valid payment methods. The regulatory framework, known as the "Legal Framework for Virtual Assets," designates the Brazilian Central Bank to regulate crypto exchanges.

European Union

Cryptocurrency is legal across most of the European Union, but individual member states govern exchanges. Taxation ranges from 0% to 50%, varying by country. Recent directives, such as the Markets in Crypto-Assets Regulation (MiCA), aim to enhance consumer protections and introduce licensing requirements.

Ongoing Global Developments

As the cryptocurrency market evolves, regulations worldwide are a work in progress. Many countries are actively developing policies and legislation to address the unique challenges posed by digital currencies. In the U.S., crypto exchanges face regulations, and in the EU, legislation requiring crypto service providers to seek an operating license is on the horizon. While crypto regulations are gradually taking shape, the process remains slow and subject to controversy.

Conclusion

In conclusion, cryptocurrencies demand a nuanced understanding of regulatory intricacies, making crypto trading courses indispensable for those eager to learn crypto trading. As governments worldwide seek to strike a balance between innovation and oversight, individuals aiming to become cryptocurrency experts or crypto advisors must stay informed.

Blockchain Council's cryptocurrency trading courses, designed to impart in-depth knowledge of cryptocurrency trading and the top cryptocurrencies, stand as a gateway to mastery in this dynamic field. Whether you're starting your journey or seeking to enhance your expertise, Blockchain Council's crypto trading courses provide the essential tools to navigate the intricate world of cryptocurrency with confidence and proficiency.

[ainews]

Helmets are more than just a practical piece of safety equipment – some people claim that they can bring spiritual protection from treacherous typhoon conditions.

Weather can be unpredictable, but in tropical locations like Japan, typhoons can be an especially devastating reality. With nearly two typhoons sweeping through the archipelago almost every season, protective measures such as helmets can mean the difference between life and death.

Not to be confused with headgear necessary for physical protection, some Japan dwellers believe helmets to be intrinsically spiritual. They can serve as a blessed token that wards off the danger of high winds, driving rain, flooding, and other risks associated with major storms.

Those that observe ancient Shinto traditions may wear helmets with special charms affixed to the exterior, while others opt for a more ornate design to convey spiritual strength. One of the most popular helmets is called the tengu ha, which is inspired by the tengu demons popularized in Japanese mythology. A tengu ha is typically painted red and produced in a variety of sizes and shapes.

Another helmet style, called the ban kamon, features a traditional symbol of protection, such as a strawberry. This type of helmet is believed to invoke powerful protective forces, while still blending into modern-day fashion choices.

Helmets can sometimes be seen as a sign of hard work and diligence. For example, the Japanese characters for “safe journey” are often traced into helmets worn by citizens hoping to keep safe during dangerous storms.

Though these helmets don’t offer whole-body protection, there is a spiritual significance associated with being shielded from the elements. Whether worn during soft rain or a monsoon, helmets bring a sense of security to those who wish to keep safe during typhoons.

[coinmystique]

Supply: AdobeStock / Emre AkkoyunGet your each day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying underneath the radar of as we speak’s crypto information.__________Alternate informationBinance Japan mentioned that it goals to supply at the very least 100 tokens on its platform within the brief time period, which is about thrice the present providing, according to Bloomberg. It at the moment lists 34 tokens.Asia-based crypto change HashKey partnered with crypto pockets supplier imToken “to merge the “trusted” and “trustless” components of the Web2 and Web3 realms throughout the digital asset panorama,” the press launch said. imToken will likely be appointed because the official non-custodial wallet associate for HashKey Alternate, catering to customers who search self-managed digital property, it mentioned and added: “As one of the first recipients of the virtual asset license from the Hong Kong SFC, HashKey Exchange will offer imToken users a trusted platform to trade virtual assets where direct bank transfers for fiat on and off ramp are supported.”Nigerian crypto change Patricia launched a white paper “designed to offer our users a clear understanding of Patricia Token,” which was checked out with some suspicion upon its current launch. According to the white paper, Patricia Token just isn't a stablecoin, however “a debt management token,” which “symbolizes a promise” by Patricia Applied sciences to pay holders USDT 1 for every Patricia Token sooner or later, “thereby ensuring asset recovery and addressing the impact of the security breach.” The Token just isn't on-chain, it added. As an alternative, it's an inside token used to symbolize debt, managed by Patricia, whereas the stability will mirror the greenback worth of the transformed property.Politics informationSouth Korean parliamentary ethics subcommittee voted down a movement to expel former member of the principle opposition Democratic Celebration (DP) Kim Nam-kuk, Yonhap reported. A majority of votes was wanted for the movement to be handed, however the ruling Individuals Energy Celebration (PPP) and the DP had been divided evenly over the movement in a 3-3 vote. Kim found himself in hot water after being accused of performing suspicious crypto trades value about $4.5 million.Banking informationSEBA Hong Kong, the regional subsidiary of Switzerland-based crypto financial institution, SEBA Bank, obtained an approval-in-principle (AIP) from the Securities and Futures Fee (SFC). According to the press launch, SEBA Hong Kong obtained the AIP for its license software to function regulated actions in Hong Kong to deal in securities, together with digital assets-related merchandise, reminiscent of OTC derivatives and structured merchandise; advise on securities and digital property; and conduct asset administration for discretionary accounts in each conventional securities and digital property.Regulation informationEOS was granted whitelist approval by the Japan Digital and Crypto Asset Alternate Affiliation (JVCEA). The EOS Community Basis said that the authorization “paves the way for EOS to be traded against the Japanese yen on regulated cryptocurrency exchanges in Japan.” EOS will start buying and selling in mid-September on BitTrade, a cryptocurrency market licensed and controlled by the nation’s Monetary Providers Company (FSA), it added.Mining informationCathedra Bitcoin Inc. announced the outcomes of its operations for the second quarter 2023, reporting that: the mining operations produced 77.15 gross bitcoin throughout Q2 2023, in comparison with 57.65 bitcoin throughout Q2 2022, a rise of 19.50 bitcoin; it recorded income of C$2.9m ($2.14m) throughout Q2 2023 in comparison with C$2.5m ($1.85m) throughout Q2 2022; as of August 29 this yr, it held C$3.7m (2.73m) of money and C$744,300 ($549,130) of bitcoin (19.55 BTC) for complete money and bitcoin liquidity of roughly C$4.4m ($3.25m).

[timeofcrypto]

The Easiest Way To Earn Free Ethereum- Times of Crypto

Many people associate Ethereum with Bitcoin, and the terms Ethereum, bitcoin, and blockchain are sometimes used interchangeably. Vitalik Butyrin is a Canadian-Russian programmer as well as cryptocurrency researcher who founded Ethereum in 2013 and saw it become operational in 2015. The most fundamental and straightforward explanation of Ethereum is divided into two parts: software and platform. The fact that Ethereum is a blockchain-based software platform sets it apart from other software platforms. A blockchain is a computer network-stored digital record of data. The blockchain is unique for three reasons: it is decentralised, transparent, and immutable. Cryptopneurs join this network for a variety of reasons, both professional and personal, and in this article we will go over how to earn free ethereum in detail.

Apart from personal and commercial use, there are several other reasons to not only learn how to earn free ethereum but also how to actively trade ETH.

You can commit to highly secure and auditable smart contracts.

Short selling allows you to sell even when the market is down.

Because of the high leverage margin in Ethereum trading, trade profits are high.

Ethereum, like Bitcoin, has enormous potential. With all of the scalability, it's possible that everyone will realise how viable the Ethereum network is becoming. For example, three years ago, the value was 160 dollars and is now nearly 190 dollars.

Legal ways to learn Earn Free Ethereum

People have the option of investing in cryptocurrency coins or profiting from them. These are our top picks for simple yet legal ways to learn how to earn free ethereum without jeopardising your life.

Faucets for Ethereum

An Ethereum faucet is a website or app that permits you to register a wallet address, solve a captcha, and be rewarded. Free-Ethereum io is an example of a programme that allows you to make a good living in a matter of hours. These websites take advantage of the opportunity to increase traffic and profits. Ethereum faucets typically generate a lot of interest, allowing them to advertise for larger companies. It's also a way to spread the word about such companies and Ethereum in general. Although it is not always sufficient to generate a decent profit, Ethereum faucets are a risk-free method for understanding how to trade.

Ethereum mining

Ethereum is the most important and profitable coin in terms of mining. When the blockchain was launched in 2016, mining Ethereum became possible. Today, crypto mining has seen a significant resurgence, owing largely to Ethereum. So, you can mine free Ethereum with a PC, a wallet, and software.

The technique used by miners (blockchain participants) to validate network transactions is known as mining. The first miner to successfully complete a new block check receives free coins. The only difference is that mining calculations are complex and large, necessitating the use of a computer. These numbers are solved by the machine as hashes.

Ethereum Airdrops

An airdrop is a blockchain project in which free tokens are distributed. However, why do blockchain projects distribute free cryptocurrencies? The goal appears to be to build a fidelity community all while rewarding user loyalty. The first is when users only hold the cryptocurrency for a short period of time. They take a snapshot of the entire blockchain (ledger) to determine who owns what and distribute a proportionate amount of cryptocurrency based on that.

The second type of airdrop is used to substitute for initial coin offerings (ICOs) (ICOs). Facebook and Google banned cryptocurrency advertisements, specifically Initial Coin Offerings, in 2017. (ICOs). After a year, only the United States and Japan were exempted from the ban.

Ethereum Buying and Selling

Trading Ethereum entails buying and selling the digital currency. When the market is favourable, you can buy ether and sell it at a profit. Trading ETH and other cryptocurrencies is virtually identical. You'll need coins, a wallet, and a trading platform to get started and learn How to Earn Free Ethereum.

Make a cryptocurrency wallet and an account on a cryptocurrency trading website. Purchase ether from a reputable vendor. Platforms usually protect both the seller and the buyer to ensure that no one is taken advantage of during the transaction. After you make your purchase, keep the coins in your wallet for a while to allow the value to rise. If the set rate is acceptable, you can sell your ether to another user.

Lending and Staking

The cost of borrowing something, in this case ether, is referred to as interest. You can convert your portfolio to an interest account if you already trade. Staking and lending is a more formal term for it. The cryptocurrency trading company with which you have an account may borrow from you and charge you a higher interest rate on the loan. You must have an account on the lending platform. You must also have a substantial amount of money in your account to stake. If you have both, you can request that some of your ether be deposited into the company's account.

[furiousllamacycle]

BNX FINEX — BUY & SELL CRYPTO

Preamble

Preamble

Analysts believe, MONEY MARKETS AND WHAT BNX FINEX Takes Profits. consistent with them, the pseudo-anonymous nature of the blockchain on which the digital asset is predicated makes it impossible to seek out directly.

Researchers took data from the Alexa and SimilarWeb services in October for the 30 hottest cryptocurrency exchanges as a basis. This approach allows us to guage the performance of retail investors, while the large players often use the API.

Users from the US, Korea, Japan, India, Mexico, and Indonesia generate about half all traffic on bitcoin exchanges. Residents of Singapore, South Korea , Switzerland and Venezuela are showing the best interest in cryptocurrencies.

BNX FINEX may be a decentralized exchange commonly referred to as BNX Bank. a cryptocurrency trading platform designed to make sure the safety and transparency of transactions. Trading is decentralized, and traders control and manage their money and assets with their private keys. during this trading system, the trader’s identity remains anonymous and therefore the services of the intermediaries are completely ignored. We are slowly getting into the technological age, when computing power is that the fuel of recent technology.

The computing power of computers is required to support the ever-evolving and systematic emerging technologies. AI , computer game , augmented reality, cloud computing, and blockchain technology are just a couple of of them.

BNX FINEX EXCHANGE PLATFORM AND ITS ABILITY

Cryptocurrency exchange may be a trading platform that permits you to trade cryptocurrencies (exchange one cryptocurrency for an additional or get fiat currencies — USD, EUR, RUB, CNY ). Cryptocurrency exchanges offer many opportunities for users who want to urge started with cryptocurrencies. Recently, exchanges have begun to supply an enormous ecosystem for working with crypto assets.

BNX FINEX EXCHANGE PLATFORM AND IT’S ABILITY

BNX FINEX may be a fast, convenient, and secure alternative to payments on cryptocurrency exchange platforms. BNX FINEX eliminates the complexity, high cost and latency of existing systems and replaces it with an easy , affordable, and fast network. BNX FINEX eliminates important cost and polyhedra and assumes that they’re infallible with reference to the prevailing structure and replaces them with a basic, healthy and fast bond. The mission of the BNX FINEX cryptocurrency trading phase: Opening a computerized cash marketplace for everyone with adorable things and organizations.

As a trusted association, we provide blockchain collection and provide a reliable and easy way to solve future sharing problems for cash-related business areas. The BNX Token blockchain phase is completely blessed with many attractive features that make it great for crypto customers and senders.

The multi-paradigm structure is the main thing, and that’s its safety. With the best front and back layout along with expansion plans to ensure stable business operations of customers. Updated series of security levels to prevent hacks and any outside attacks from working.

Conclude

We have seen dozens of projects with no use in the least and are seeing their disappearance. On the opposite hand, the BNX FINEX EXCHANGE team had an honest idea and was nearly through with their products and services.

We tried to mention as simple as possible alittle a part of the platform’s capabilities, you’ll find more detailed information on the official website, telegram groups and social networks.

WEBSITE: https://bnxfinex.com/#/market/index TELEGRAM: https://t.me/bnxfinex TWITTER: https://twitter.com/bnx_finex WRITTEN BY: BTT: thucuoi21 BIRCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2860969

[shadowytacoobservation-blog1]

Bitcoin Regulatory Risk

Putting cash into Bitcoin in any of its numerous appearances isn't for the hazard disinclined. Bitcoins are an opponent to government cash and might be utilized for underground market exchanges, tax evasion, criminal operations or tax avoidance. Subsequently, governments may try to control, confine or boycott the utilization and offer of bitcoins, and some as of now have https://allsportercoin.io/.

Others are thinking of different guidelines. For instance, in 2015, the New York State Department of Financial Services finished guidelines that would require organizations managing the purchase, sell, move or capacity of bitcoins to record the character of clients, have a consistence official and keep up capital stores. The exchanges worth $10,000 or more should be recorded and detailed.

The absence of uniform guidelines about bitcoins (and other virtual cash) brings up issues over their life span, liquidity, and all inclusiveness.

Security Risk of Bitcoins

Most people who own and use Bitcoin have not obtained their tokens through mining tasks. Or maybe, they purchase and sell Bitcoin and other advanced monetary standards on any of various famous online markets known as Bitcoin trades.

 Bitcoin trades are totally computerized and, similarly as with any virtual framework, are in danger from programmers, malware, and operational glitches. In the event that a cheat accesses a Bitcoin proprietor's PC hard drive and takes his private encryption key, he could move the taken Bitcoins to another record. (Clients can forestall this just if bitcoins are put away on a PC which isn't associated with the web, or probably by deciding to utilize a paper wallet – printing out the Bitcoin private keys and addresses, and not keeping them on a PC by any stretch of the imagination.) 

Hackers can likewise target Bitcoin trades, accessing a huge number of records and computerized wallets where bitcoins are put away. One particularly infamous hacking episode occurred in 2014, when Mt. Gox, a Bitcoin trade in Japan, had to shut down after a large number of dollars worth of bitcoins were taken.

This is especially dangerous once you recollect that all Bitcoin exchanges are lasting and irreversible. It resembles managing money: Any exchange completed with bitcoins must be turned around if the individual who has gotten them discounts them. There is no outsider or an installment processor, as on account of a charge or Visa – henceforth, no wellspring of insurance or advance if there is an issue.

Insurance Risk

A few speculations are guaranteed through the Securities Investor Protection Corporation. Ordinary financial balances are safeguarded through the Federal Deposit Insurance Corporation (FDIC) up to a specific sum contingent upon the ward.

 As a rule, Bitcoin trades and Bitcoin accounts are not protected by a bureaucratic or government program. In 2019, prime seller and exchanging stage SFOX reported it is ready to furnish Bitcoin financial specialists with FDIC protection, yet just for the part of exchanges including money.

Market Risk

Like with any venture, Bitcoin qualities can vary. Surely, the estimation of the cash has seen wild swings in cost over its short presence. Subject to high volume purchasing and selling on trades, it has a high affectability to "news." According to the CFPB, the cost of bitcoins fell by 61% in a solitary day in 2013, while the one-day value drop record in 2014 was as large as 80%.

In the event that less individuals start to acknowledge Bitcoin as a cash, these computerized units may lose esteem and could get useless. Without a doubt, there was theory that the "Bitcoin bubble" had blasted when the cost declined from its record-breaking high during the digital currency surge in late 2017 and mid 2018. 

There is as of now a lot of rivalry, and however Bitcoin has a gigantic lead over the several other advanced monetary forms that have jumped up, gratitude to its image acknowledgment and funding cash, a mechanical forward leap as a superior virtual coin is consistently a danger.

[siliconpalms]

Navigating Cryptocurrency Regulations in Japan: Opportunities and Compliance

Japan has positioned itself as a pioneer in the regulatory landscape of cryptocurrencies, creating a comprehensive framework that balances innovation with consumer protection. The Japanese Financial Services Agency (FSA) is at the helm, regulating the crypto industry in collaboration with the Japan Virtual Currency Exchange Association (JVCEA) and the Japan Security Token Offering Association.…

[primorcoin]

New Post has been published on https://primorcoin.com/animoca-tightens-the-reigns-in-japan-with-45m-web-3-focused-funding/

Animoca Tightens The Reigns in Japan With $45M Web 3-Focused Funding

Animoca Brands’ Japanese subsidiary, also known as – Animoca Brands KK – has raised $45 million. Its parent company, Animoca Brands Corporation Limited, and MUFG Bank, Ltd. (MUFG) led the investment.

The blockchain gaming powerhouse is strengthening its presence in one of the leading economies in Asia – Japan. According to the official blog post, the freshly raised capital will be deployed to secure licenses for well-known intellectual properties and build internal capabilities.

Promoting Web 3 adoption to multiple partners and ramping up the value and utility of their branded content while simultaneously boosting the NFT ecosystem in Japan are also some of the prime areas of focus.

Animoca Brands’ Japan Connection

It was first reported in March that the Japanese unit of the metaverse company has been considering a partnership with the Bank of Tokyo-Mitsubishi UFJ (MUFG), which happens to be one of Japan’s oldest and largest banks. The main focus of the collaboration is to develop digital content, intellectual property rights acquisition, and NFT market management.

MUFG had earlier stated:

���in order to revitalize the NFT market in Japan, it is necessary to develop an NFT environment where anyone can easily trade with peace of mind, just like daily purchasing activities. Further development of the NFT market is expected by realizing customer protection against fraud, impersonation, and loss of content value due to speculative transactions in the NFT environment.”

Japanese Crypto Ecosystem

The development comes as the Japanese government looks to reevaluate the crypto tax rules applicable for corporations in the 2023 financial year. The two crypto lobbying groups of the island country – Japan Crypto-Asset Business Association and the Japan Crypto-Asset Exchange Association (JVCEA), have requested the leaders to lower the tax rates for individual investors on crypto earnings.

Currently, it imposes a 30% corporate tax on profit from crypto holdings, including unrealized gains. Advocacy groups fear that this move will eventually result in brain drain.

Despite the regulatory chaos, the NFT market has soared. In fact, The local tech companies in Japan have started to warm up to the idea of non-fungible tokens and Web 3. MUFG, for one, was one of the first big Japanese banks to foray into the NFT space. SBI Group, on the other hand, has already established a dedicated subsidiary called – SBINFTs.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Source link

#Binance #BNB #CryptoExchange #DEFI #DEFINews #NFT #NFTNews

[xtruss]

A Three-way Fight to Shape the Future of Digital Finance Has Begun! Regulators Must Preserve Its Potential While Guarding Against Risk

— November 8th 2021 | By Rachana Shanbhogue: Finance Editor, THE ECONOMIST

Finance is becoming ever less the domain of sharp-suited bankers and credit-card executives. Instead, a ragtag cast of characters is overseeing an explosion of innovation that seeks to cut out the incumbents altogether. From established tech firms and fintech startups on America’s west coast to developers of various “decentralised-finance” (DeFi) applications, they are jostling to reshape digital finance. In 2022 regulators must respond and start setting out their stalls.

This digital revolution encompasses three broad trends. One is the effort to offer an ever-widening range of financial products on a single platform. Facebook’s new digital wallet could make inroads. Banks, payment providers and bigger fintechs will continue to gobble up startups, with the aim of offering customers such a breadth of services that they will use a single platform for everything.

The second trend is the nascent attempt to decentralise finance. Developers are building all sorts of financial applications on blockchains, which ensure security and trust without the need for any intermediaries. Novel assets of all kinds associated with the DeFi world, such as non-fungible tokens (nfts) and other crypto-tokens, will continue to proliferate. Third, central banks, usually bastions of conservatism, are also breaking new ground. As more economic activity moves online and physical cash falls out of favour, many are on the path to introducing digital currencies of their own.

There is plenty of action to come in 2022. The People’s Bank of China will launch its e-yuan more widely; central banks from Jamaica and Japan to Thailand and Turkey will conduct various tests and pilots. Big rich countries will come a step closer to testing their own digital currencies. Innovation will continue in the private sector, too. New ideas have been well funded: venture capitalists poured nearly $60bn into financial-technology startups in the first half of 2021. More than a hundred DeFi applications are in the works.

Big Rich Countries Will Come A Step Closer To Testing Their Own Digital Currencies

Such fast-paced, exhilarating changes provide a stark contrast with retail finance of old, with its sleepy way of doing business, exorbitant fees and dire customer service. There is much to like about the new finance. For customers it should mean a system that uses technology to serve their needs better and at lower cost. Financial inclusion is a problem even in the rich world: one in five Americans were either unbanked or underbanked in 2018. Small firms regularly struggle to access finance.

Competition should also erode the fat margins of the incumbents (Visa and Mastercard make gross margins of 65-80%). Transferring money across borders, such as through remittances from rich countries to poor ones, is still too expensive. And as people conduct more of their lives online, it makes sense for finance to become not just more digital, but also better embedded within other digital activities, such as entertainment and shopping.

Realising this promise, however, requires warding off the threats that fast change also brings. Take the risks to investors. A few new fintech ideas may take off. Others will fizzle out, leaving investors with losses. The hordes of crypto-speculators could meet a similar fate. Paying $1.3m for an nft of a picture of a rock, as someone did in August 2021, may turn out not to have been a canny investment. For customers, the risk is that financial platforms’ greater access to data might invite misuse of market power. Novel financial products could be more vulnerable to scams—and in a decentralised world it will not be clear how and where to seek recourse.

It thus falls to regulators to preserve the potential, while guarding against the risks. As the boundary between financial firms and tech companies blurs further, and the value of amassing customer data increases, protecting privacy and security will be paramount. But that must be done without compromising the necessary anti-money-laundering checks. This calculation will apply as much to central banks’ digital currencies as to private financial services. (China’s trial of its e-currency, sadly, will offer little guidance on the matter, given the government’s preference for control over privacy.)

The Man For The Job

Trickier still will be working out how to bring DeFi into regulators’ purview. It may be just as well that Gary Gensler, the head of the Securities and Exchange Commission, America’s main financial watchdog, once taught a class on blockchain technology at the Massachusetts Institute of Technology.

Just as their financial promise could grow, $2.5trn-worth of crypto-assets may start to carry risks for the wider financial system. Yet the industry retains an almost ideological resistance to regulation, and its lobbying clout is growing. Advocates of digital finance have been laying out their plans for the future of the industry. Now the time has come for regulators to explain how they see it.

Rachana Shanbhogue: Finance editor, The Economist■

This article appeared in the Leaders section of the print edition of The World Ahead 2022 under the headline “Make or break ”

[shital1998]

Payment Security Market - Opportunity Analysis and Industry Forecast (2021-2028)

Payment Security Market Meticulous Research®—a leading global market research company published a research report titled “Payment Security Market by Offering (Solution, Services), Platform (Web, PoS), Payment Mode (Cards, Digi Wallets, Internet Banking, PoS), Vertical (Retail, Travel, Healthcare, BFSI, IT & Telecom, Media), Organization Size, and Geography - Global Forecasts to 2028”.

According to this latest publication from Meticulous Research®, the global payment security market is expected to grow at a CAGR of 16.5% from 2021–2028 to reach $54.1 billion by 2028. Significant rise in the adoption of digital payment modes, the necessity to adhere to stringent PCI DSS guidelines, and the rise in fraudulent activities across global e-commerce sectors are the major factors driving the growth of this market.

In addition, the increasing use of payment applications across different industry verticals is expected to offer significant growth opportunities for the growth of this market. However, the lack of trust in online transactions restrains the growth of this market up to a certain extent.

The global payment security market is segmented based on offering, platform, payment mode, industry vertical, and organization size. The study also evaluates industry competitors and analyses the market at the country level.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5237

Scope of the report:

Payment Security Market, by Offering                             

Solution

Encryption

Tokenization

Fraud Detection and Prevention

Services

Integration Services

Support Services

Consulting Services

Payment Security Market, by Platform

Web Platform

PoS Platform

Payment Security Market, by Transportation Mode      

Banking Cards

Digital Wallets

Internet Banking

Point of Sales

Others

Payment Security Market, by Industry Vertical              

Retail

Travel and Hospitality

Healthcare

IT and Telecom

BFSI

Media and Entertainment

Others

Payment Security Market, by Organization Size

Large Enterprises

Small and Medium-Sized Enterprises

Payment Security Market, by Geography

North America

U.S.

Canada

Europe

U.K.

Germany

France

Italy

Sweden

Denmark

Rest of Europe

Asia-Pacific

China

India

Japan

Singapore

Malaysia

Indonesia

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

The Middle East and Africa

UAE

Israel

Rest of MEA

Speak with Our Analyst

  Based on offering, the solution segment commanded the largest share of the global payment security market in 2021 and is expected to grow at the highest CAGR during the forecast period. The rise in demand for advanced payment security solutions for digital e-commerce and the increasing use of payment applications across different industry verticals is driving the market growth.

In addition, payment security solutions have gained popularity, as it enables organizations to adhere to the PCI DSS regulatory compliances. Moreover, the growing number of data breaches and financial losses associated with it are the primary factors contributing to the growth of the payment security solutions market.

Based on payment mode, the digital wallet segment commanded the largest share of the overall payment security market in 2021 and is expected to grow at the highest CAGR during the forecast period. The emergence of payment-enabled mobile phones, connected and real-time marketing, the social media effect, and the increasing shift to QR code-based transactions are the major factors impacting the growth of this market.

According to a report by FIS, a financial services technology group, the use of digital-wallet-based transactions grew globally by 7% in 2020, which predicts that digital wallets will account for more than half of all e-commerce payments worldwide by 2024, as consumers shift from card-based to account- and QR code-based transactions. WorldPay’s 2020 Global Payments report predicts that, by 2023, 52.2% of e-commerce transactions and 29.5% of all POS transactions will be done through digital wallets. Thus, increasing consumer shift towards digital wallets is driving the growth of this market.

Based on Industry Vertical, the BFSI segment commanded the largest share of the payment security market in 2021. The growth of this segment is attributed to the rising implementation of regulatory security compliance, rising demand for cloud-based security solutions, and the increasing risk of cyber threats against BFSI infrastructure.

However, the retail segment is expected to grow at the highest CAGR during the forecast period. The increasing usage of mobile payments in the retail industry, primarily in the e-commerce sector, and rising online payment frauds boost the payment security market.

Based on Organization Size, the large enterprise segment commanded the largest share of the global payment security market in 2021 and is expected to grow at the highest CAGR during the forecast period. Increasing transactions of high valuations in large enterprises are compelling them to opt for premium payment security solutions.

In addition, the integration of digital payments solutions with the existing payment landscape of large organizations is essential for large enterprises. Business owners may not be cyber security experts and do not have the time to stay updated on the latest protections needed to safeguard their payment data. Current rules, regulations, and certain state laws place additional responsibility for protecting cardholder data on businesses. Failure to meet industry, card brand, and regulatory data security standards can result in potential penalties, additional fees, loss of income, and negative brand perception. Thus, rising concern to create a safe environment for customer payment transactions is expected to drive payment security adoption among large enterprises.

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.meticulousresearch.com/product/payment-security-market-5237

  Geographic Review:

In 2021, North America commanded the largest share of the global payment security market. North America’s strong financial position enables it to invest heavily in advanced solutions and technologies, which has provided the organizations in this region a competitive edge in the market. The growing use of smartphones, increasing internet speed and reliability, and a growing user base of tech-savvy millennials provide significant opportunities for this market’s growth and integration. In addition, the rising consumer shift towards online payments mode is driving the growth of this market.

However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The growth of this region is driven by the increasing adoption of advanced payment technologies within organizations to perform business transactions. Consumers in the region are increasingly choosing digital payments over cash.

In addition, the desire to minimize contact during the COVID-19 outbreak has pushed 91% of consumers in Asia-Pacific to pay with cards or mobile apps instead of cash. Moreover, 75% of the users plan to retain their digital payment habits after the pandemic is over, according to a Visa study.

However, the region is struggling with rising fraud rates due to real-time payments adoption, and financial institutions across the region expect that threat to grow.

Key Players:

The key players operating in the global payment security market are Bluefin Payment Systems LLC (U.S.), Braintree (U.S.), Cybersource (U.S.), Elavon (U.S.), Ingenico (France), Broadcom, Inc. (U.S.), Thales Group (France), Shift4 Payments, LLC (U.S.), Signifyd (U.S.), TNS, Inc. (U.S.), Tokenex (U.S.), SISA Information Security Pvt. Ltd. (India), Stripe (U.S.), Geobridge Corporation (U.S.), MasterCard (U.S.), and Verifone Systems Inc. (U.S.).

You Can Buy Report Here

  Key questions answered in the report:

Which are the high growth market segments in terms of offering, platform, payment mode, industry vertical, organization size, and countries?

What is the historical market for payment security across the globe?

What are the market forecasts and estimates from 2021–2028?

What are the major drivers, restraints, and opportunities in the global payment security market?

Who are the major players in the global payment security market, and what shares do they hold?

Who are the major players in various countries, and what shares do they hold?

How is the competitive landscape?

What are the recent developments in the global payment security market?

What are the different strategies adopted by the major players in the market?

What are the geographic trends and high growth countries?

Who are the local emerging players in the global payment security market, and how do they compete with the other players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Connect with us on Twitter- https://twitter.com/MeticulousR123

[alliedmarketresearchs]

Contactless Payment Ring Market Size 2020 | Global Industry Share, Business Boosting Strategies, CAGR Status, Growth Opportunities, and Forecast 2027

Contactless payments are well known and used in each part of the world. As technology is advancing the engineering innovations are taking place each year. There is exponential growth in the contactless payment market as the customers are becoming more tech-savvy. The technologies used behind these innovations are generally Radio Frequency Identification (RFID) and Near Field Communication (NFC). The contactless payment rings are used to make small payments by tapping the Point of Sale terminal which generally accepts the contactless MasterCard payment, just by making a knocking gesture and the payment is processed. The ring is made up of Zirconia ceramic housing, an optimized antenna design, and a high-performance contactless security controller. The inner band of the ring is made by the use of hard inert resin, sealing the electronics making it completely waterproof as well as making it safe from any type of skin allergies. The ring works on the principle of electromagnetic induction; hence battery is not required for this product to work.The activation of the ring is required which associates it with the bank account of the customer and then the secure payments can be made through it. The growing market for the contactless payment ring is the U.S., Europe, and Asia-Pacific.

Market scope and structure analysis :

Ø  Market size available for years

2020–2027

Ø  Base Year Considered

2019

Ø  Forecast Period

2021–2027

Ø  Forecast Unit

Value (USD)

Ø  Segment Covered

End User, Application, and Region

Ø  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)

Ø  Companies Covered

K Ring, Mc LEAR Ltd., Cnick Ring, OPN Ring, Token Ring, Xenxo S - Ring.)

  Get a sample of the report @ https://www.alliedmarketresearch.com/request-sample/6760

COVID-19 ScenarioAnalysis: 

Lockdown Scenario

The lockdown scenario due to the COVID-19 pandemic has affected the industry as the customers are not able to travel from one place to another. The contactless payment rings work when they are tapped on the point of sale so there has been a considerable decline in the use of the ring. Though, the contactless payment ring market is likely to experience exponential growth after the lockdown scenario; keeping in mind the social distancing concept. 

Production Hampered

The production has been hampered as in many countries as the manufacturing units had to shut down and there is a shortage of labor. The shortage of raw material transportation is also an issue for the industries.

Impaired Supply Chain

The distribution channels like the brand stores have to close down in the lockdown phase and this has led to a loss in the sales and revenue generation.The e-commerce platform is being adopted widely but it is also being affected due to delayed deliveries.  

Regulatory Hurdles

The regulatory hurdles like closing down of locations and businesses which use the contactless mode of payment have impacted the growth of the contactless payment ring market. The restrictions in the import and export of the products hamper revenue from some potential markets.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Initially, the contactless payments were introduced through the debit card and credit card without any use of the personal identification number or signature, later it shifted to the applications in the Smartphone and now the market is expanding by incorporating the chip cards in the wearable and accessories. The application in advanced & portable devices, the hypo-allergicmaterial being used, water-resistance properties, speed and precision, the feasibility of carrying the wearable, no charging and battery alternatives, availability of different size and color of the ring and ease of payment are the key drivers of the global contactless payment ring market. However, the increasing competition in the market, expiration date of the wearable ring, and the high investment in the technology somehow hinder the market growth. Contrarily, if the awareness among the customers is increased and the large target market is focused along with the investments in safety measures then the trend of wearable devices will present new pathways in the industry.

The global contactless payment ring market trends are as follows:

Escalating the features in one wearable

The trend of smart rings has been persistent in the Tech market for a long time. The customers are attracted to the wearable and accessories from good old times but the innovation has served the customers with astonishing products and the contactless ring market is one of them. These innovative rings are used as travel cards for paying in public transportation, as access badge at various institutions, for monitoring the physical health and stress level of the person wearing it, for opening the lock of smartphone and sharing information just by one tap and also as smart key for homes and cars. Different color combinations are being offered by different brands dealing in this market. The ring has replaced the ticket and Oyster Card for transportation in London and is showing tremendous popularity. This product is an advanced form of technology as it need not be paired with the phones. It is associated to the MasterCard payment network, though the mobile applications can be downloaded and connected to the account for the transaction information.

Request a discount on the report @ https://www.alliedmarketresearch.com/purchase-enquiry/6760  

Collaboration leading to advancements in the market

The key players have established partnerships and collaborated with various other industries for the growth of their market. Kerv wearers also known as K ring and McLear have been in partnership with MasterCard, Moorwand Ltd., ABN AMRO, PSI-PAY, Spartan Race UK, and many others. These collaborations lead to benefits for both the industries and help expand their market share. 

Key Segments Covered:

Ø  End User

Individual

·         Business

Ø  Application

General Payments

·         Transportation Payment

 Key Benefits of the Report:

·         This study presents the analytical depiction of the global contactless payment ring market along with the current trends and future estimations to determine the imminent investment pockets.

·         The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global contactless payment ring market share.

·         The current market is quantitatively analyzed from 2020 to 2027 to highlight the global contactless payment ring market growth scenario.

·         Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

·         The report provides a detailed global contactless payment ring market analysis based on competitive intensity and how the competition will take shape in the coming years.  

Questions Answered in the Contactless Payment Ring Market Research Report:

·         What are the leading market players active in the contactless payment ring market?

·         What the current trends will influence the market in the next few years?

·         What are the driving factors, restraints, and opportunities in the market?

·         What future projections would help in taking further strategic steps?

To know more about the report @ https://www.alliedmarketresearch.com/contactless-payment-ring-market-A06395

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

[gopisharmasworld]

Contactless Payment Ring Market Global Industry Analysis, Size, Share, Growth, Trends and Forecasts -2027

Contactless payments are well known and used in each part of the world. As technology is advancing the engineering innovations are taking place each year. There is exponential growth in the contactless payment market as the customers are becoming more tech-savvy. The technologies used behind these innovations are generally Radio Frequency Identification (RFID) and Near Field Communication (NFC). The Contactless Payment rings are used to make small payments by tapping the Point of Sale terminal which generally accepts the contactless MasterCard payment, just by making a knocking gesture and the payment is processed. The ring is made up of Zirconia ceramic housing, an optimized antenna design, and a high-performance contactless security controller. The inner band of the ring is made by the use of hard inert resin, sealing the electronics making it completely waterproof as well as making it safe from any type of skin allergies. The ring works on the principle of electromagnetic induction; hence battery is not required for this product to work.The activation of the ring is required which associates it with the bank account of the customer and then the secure payments can be made through it. The growing market for the contactless payment ring is the U.S., Europe, and Asia-Pacific.

Market scope and structure analysis :

Report MetricDetailsMarket size available for years2020–2027Base year considered2019Forecast period2021–2027Forecast unitsValue ($US)Segments coveredEnd User, Application, and RegionRegions coveredNorth America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)Companies coveredK Ring, Mc LEAR Ltd., Cnick Ring, OPN Ring, Token Ring, Xenxo S – Ring.

Get detailed COVID-19 impact analysis@ Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/6760?reqfor=covid

COVID-19 Scenario Analysis:Lockdown Scenario

The lockdown scenario due to the COVID-19 pandemic has affected the industry as the customers are not able to travel from one place to another. The contactless payment rings work when they are tapped on the point of sale so there has been a considerable decline in the use of the ring. Though, the contactless payment ring market is likely to experience exponential growth after the lockdown scenario; keeping in mind the social distancing concept.

Production Hampered

The production has been hampered as in many countries as the manufacturing units had to shut down and there is a shortage of labor. The shortage of raw material transportation is also an issue for the industries.

Impaired Supply Chain

The distribution channels like the brand stores have to close down in the lockdown phase and this has led to a loss in the sales and revenue generation.The e-commerce platform is being adopted widely but it is also being affected due to delayed deliveries.

Regulatory Hurdles

The regulatory hurdles like closing down of locations and businesses which use the contactless mode of payment have impacted the growth of the contactless payment ring market. The restrictions in the import and export of the products hamper revenue from some potential markets.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Initially, the contactless payments were introduced through the debit card and credit card without any use of the personal identification number or signature, later it shifted to the applications in the Smartphone and now the market is expanding by incorporating the chip cards in the wearable and accessories. The application in advanced & portable devices, the hypo-allergicmaterial being used, water-resistance properties, speed and precision, the feasibility of carrying the wearable, no charging and battery alternatives, availability of different size and color of the ring and ease of payment are the key drivers of the global contactless payment ring market. However, the increasing competition in the market, expiration date of the wearable ring, and the high investment in the technology somehow hinder the market growth. Contrarily, if the awareness among the customers is increased and the large target market is focused along with the investments in safety measures then the trend of wearable devices will present new pathways in the industry.

The global contactless payment ring market trends are as follows:

Escalating the features in one wearable

The trend of smart rings has been persistent in the Tech market for a long time. The customers are attracted to the wearable and accessories from good old times but the innovation has served the customers with astonishing products and the contactless ring market is one of them. These innovative rings are used as travel cards for paying in public transportation, as access badge at various institutions, for monitoring the physical health and stress level of the person wearing it, for opening the lock of smartphone and sharing information just by one tap and also as smart key for homes and cars. Different color combinations are being offered by different brands dealing in this market. The ring has replaced the ticket and Oyster Card for transportation in London and is showing tremendous popularity. This product is an advanced form of technology as it need not be paired with the phones. It is associated to the MasterCard payment network, though the mobile applications can be downloaded and connected to the account for the transaction information.

Interested in Procuring this Report? Visit Here- https://www.alliedmarketresearch.com/purchase-enquiry/6760

Collaboration leading to advancements in the market

The key players have established partnerships and collaborated with various other industries for the growth of their market. Kerv wearers also known as K ring and McLear have been in partnership with MasterCard, Moorwand Ltd., ABN AMRO, PSI-PAY, Spartan Race UK, and many others. These collaborations lead to benefits for both the industries and help expand their market share.

Key Segments Covered:

SegmentsSub-segmentsEnd UserIndividual Business ApplicationGeneral Payments Transportation Payment

Key Benefits of the Report:

This study presents the analytical depiction of the global contactless payment ring market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global contactless payment ring market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the global contactless payment ring market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global contactless payment ring market analysis based on competitive intensity and how the competition will take shape in the coming years.

Ask for sample copy of this report: https://www.alliedmarketresearch.com/request-sample/6760

Questions Answered in the Contactless Payment Ring Market Research Report:

What are the leading market players active in the contactless payment ring market?

What the current trends will influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the market?

What future projections would help in taking further strategic steps?

[waaaiz]

IoT Security Market Research Report

Growth Opportunities in the IoT Security Market look promising over the next six years. This is mainly due to the rising data risk in IoT networks, the rising number of ransomware attacks on IoT devices, the growing need for IoT security solutions with increasing variants of attacks, and the rising need for integrated security solutions.

IoT Security Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The rising data risk in IoT networks and the growing number of ransomware attacks on IoT devices around the world are the key drivers contributing to the growth of the IoT security market size. The hackers aim at IoT devices and take benefits of known vulnerabilities, including those associated with the default password, username, and static code backdoor. Thereby, the growing vulnerability of critical systems is promoting the government of numerous economies to opt for IoT-enabled security. As per the IoT security market report, the growing need for IoT security solutions with increasing variants of attacks is another factor that will have a positive influence on the market's demand.

Cybercriminals are utilizing multi-layered cyber-attacks to monitor the intelligence and commercial aspects of enterprises, people, and economies. This factor has promoted huge organizations to incorporate their security solutions to reduce the cost and improve the safety of their facility. Moreover, the growing need for integrated security solutions is one of the IoT security market trend will further bolster the demand for the market in the upcoming years. The increasing use of 4G and 3D long-term evolution and wireless networks and technologies is leading the risk regarding cyber-attacks. Real-time information and transaction-related information, which is important to users, are mainly exchanged through these cellular networks, which is accelerating the requirement for IoT security. The emerging trend of bring your own device (BYOD) is growing concerns regarding data security. On the other edge, the factors hindering the growth of the market include the availability of IoT security solutions and limited awareness regarding the exceptional benefits. In addition to this, the high cost of installation will hamper the growth of the market.

Application Segment Drivers

On the basis of application, data encryption and tokenization are anticipated to rise at a higher CAGR in the upcoming years as security is an essential component for the deployment of IoT into the manufacturing processes. The IoT sensors evaluate variables including speed, actuator, pressure, speed, consumption, and temperature. These systems hinder the physical world, control critical infrastructure, aids in assembling sensitive information regarding several operations and smart equipment. All these factors will energize the demand for IoT security, and privacy protection in numerous companies.

IoT Security Market’s leading Manufacturers:

·        Cisco Systems Inc.

·        IBM

·        Intel Corporation

·        Infineon Technologies AG

·        NortonLifeLock Inc.

·        Thales Group

·        Allot

·        Fortinet, Inc.

·        Mocana

·        SecuriThings

IoT Security Market Segmentation:

Segmentation by Component:

·        Services

·        Solutions

Segmentation by Type:

·        Endpoint Security

·        Network Security

·        Cloud Security

·        Application Security

·        Others

Segmentation by

Solution:

·        Data Encryption & Tokenization

·        Identity & Access Management

·        Device Authentication & Management

·        Intrusion Detection System & Intrusion Prevention System

·        Public Key Infrastructure Lifecycle Management

·        Secure Communications

·        Security Analytics

·        Distributed Denial of Service Protection

·        Others

Segmentation by Service:

·        Managed Services

·        Professional Services

o   Consulting Services

o   Integration Services

o   Support & Maintenance Services

Segmentation by Application Area:

·        Smart Energy & Utilities

·        Smart Manufacturing

·        Smart Home & Consumer Electronics

·        Connected Logistics & Transportation

·        Smart Government & Defense

·        Connected Healthcare

·        Smart Retail

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com