#nvestbank

[nvestweekly-blog]

Crypto Platform DX.Exchange Releases New Secondary Trading of Security Tokens Feature.

The Estonia-based service, DX.Exchange has opened its market to secondary trading of security tokens. The company soft-launched in January. Crypto Platform DX.Exchange releases a new Secondary Trading of Security Tokens feature.

The trade exchange company now accepts the listing of security tokens by organizations that they issued previously on alternate exchanges. In Europe, institutional investors can buy the tokens for fiat, bitcoin, ether, tether, and XRP.

To begin with, DX.Exchange’s native IGWT token will be listed.

In the long run, however, the co-founder Daniel Skowronski said the organization will develop its very own system for asset tokenization.

DX.Exchange promise for its own token is as follows:

18 million IGWT will offer for a limited time in an exclusive security token offering (STO)

10 percent of the organization’s profits will consistently share with token holders

Currently, clients can exchange 10 digital forms of money including bitcoin, ether, litecoin, bitcoin cash, OmiseGo, XRP, and others. Skowronski said that the exchange is as of now, working in a closed environment for somewhere in the range of 8,000 pre-enlisted clients. The main launch will be in April.

ERC-20 tokens backed by real-world securities, for example, stocks of Tesla, Google, Facebook, Amazon and 30 more, can also be bought and exchanged. The stocks are bought and held by the business MPS Marketplace Securities Ltd. enlisted in Cyprus- Nvestweekly.

Skowronski said in a public statement that their vision is to cross over any barrier between the old world and the new computerized world. They trust that all assets, whether securities, art or real estate will be tokenized; and that tokenization has numerous advantages. The most noteworthy in his opinion is the capacity to help create riches for individuals everywhere throughout the world regardless of their social and financial circumstances.

As per, Skowronski, the organization doesn’t offer its services to U.S. clients. This is due to regulatory obstacles and isn’t intending to do so in the coming months either.

[ecogreenlux]

Jammin’ with some great peoples at the @nvestbank and Global Exchange pre-launch event...@shorupan the founder is absolutely brilliant. About to witness history in the cryptoverse... BIG THINGS AHEAD... GLOBALLY!!! #gxrevolution #nvestbank #cryptomedianinc #jameserdt #believe (at Vaughan, Ontario) https://www.instagram.com/p/ByxzT9ng_Zx/?igshid=bqc7priwm1y

[nvestweekly-blog]

Advocate From Supreme Court Of India Insists Cryptocurrencies Cannot Be Regulated

Lawyer Abraham C. Mathews describes himself as “a supreme court advocate and a chartered accountant who practices in the supreme court as well as the high court and some of the tribunals in Delhi.” An advocate from Supreme Court Of India insists cryptocurrencies cannot be regulated.

He wrote an article voicing his opinion on cryptocurrencies and the Indian government’s efforts to manage them which published in Money Control last Monday.

“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to involve.”

-Lawyer Abraham C. Mathews describes.

He further clarified the limitations of the Indian government’s capacity to regulate cryptocurrency and determines that the court ought not to immerse. Also, the crypto community anticipates the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.

“There is simply no denying the fact that cryptocurrencies have not gained the widespread usage their early proponents predicted. However, with usage as currency still restricted to a few pockets of enthusiasts,”

– he wrote.

Mathews further expanded on his stance, saying that crypto guideline essentially can’t be upheld due to the astonishingly low likelihood of the coins ever recovered or the culprits found when an exchange is hacked. He further claims that: “Nothing that the government introduces or requires can change this fact.”

“This is, unfortunately as far as the central bank can go. You cannot regulate … something that you do not have some semblance of control over.”

-He elaborated.

He continued to discuss how the Reserve Bank of India (RBI) has up to this point banned banks from transacting with entities that deal with cryptocurrencies.

“This is not to say that cryptocurrencies must be declared illegal. It must be treated for what it is: a shiny new toy. Let them play with it. However, giving it statutory or regulatory legitimacy is not just imprudent, it is foolhardy.”

-He further asserted.

[nvestweekly-blog]

Advocate From Supreme Court Of India Insists Cryptocurrencies Cannot Be Regulated

Lawyer Abraham C. Mathews describes himself as “a supreme court advocate and a chartered accountant who practices in the supreme court as well as the high court and some of the tribunals in Delhi.” An advocate from the Supreme Court Of India insists cryptocurrencies cannot be regulated.

He wrote an article voicing his opinion on cryptocurrencies and the Indian government’s efforts to manage them which published in Money Control last Monday.

“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to involve.”

-Lawyer Abraham C. Mathews describes.

He further clarified the limitations of the Indian government’s capacity to regulate cryptocurrency and determines that the court ought not to immerse. Also, the crypto community anticipates the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.

“There is simply no denying the fact that cryptocurrencies have not gained the widespread usage their early proponents predicted. However, with usage as currency still restricted to a few pockets of enthusiasts,”

– he wrote.

Mathews further expanded on his stance, saying that crypto guideline essentially can’t be upheld due to the astonishingly low likelihood of the coins ever recovered or the culprits found when an exchange is hacked. He further claims that: “Nothing that the government introduces or requires can change this fact.”

“This is, unfortunately as far as the central bank can go. You cannot regulate … something that you do not have some semblance of control over.”

-He elaborated.

He continued to discuss how the Reserve Bank of India (RBI) has up to this point banned banks from transacting with entities that deal with cryptocurrencies.

“This is not to say that cryptocurrencies must be declared illegal. It must be treated for what it is: a shiny new toy. Let them play with it. However, giving it statutory or regulatory legitimacy is not just imprudent, it is foolhardy.”

-He further asserted.

[nvestweekly-blog]

Texas Lawmaker Wants Anonymous Use of Cryptocurrencies Banned

In an attempt to prevent the illegal and anonymous use of cryptocurrencies, many countries came forward with different ideas and bills to minimize the anonymous use of them. Texas will be the first state in the U.S. to ban the anonymous utilization of cryptocurrencies. Texas Lawmaker Wants Anonymous Use of Cryptocurrencies Banned.

A staunch Texas Republican and certified public accountant (CPA), Representative Phil Stephenson presented a bill. However, this bill requires residents in the state to verify their identities if they wish to use cryptocurrencies.

Accordingly, Stephenson’s H.B. No. 4371 details that if the bill moves toward becoming law it will take effect on Sept. 1, 2019. Section 662.02 states any individual who is involved in accepting a digital currency payment, must first verify the identity of the sender. Subsequently, Oddly enough the individual is not required to check the identity of an individual “sending payment if the payment is sent by a verified identity digital currency.”:

“[Texas] may not use a digital currency that is not a verified identity digital currency — The Texas Department of Banking, Credit Union Commission, Texas Department of Public Safety, and State Securities Board shall collaborate to encourage the use of verified identity digital currencies.”

-H.B. No. 4371 further states

Stephenson’s bill makes clear that the organizations referenced will furnish people with tools. Subsequently, this will help them ascertain the dissimilarity between a verified identity digital currency and one that gives anonymity.

Also, Phil Stephenson won his seat against Democratic challenger Jennifer Cantu and trusts his CPA can assist the state with financial situations. The free-market nonprofit organization, however, gave Stephenson a 40 percent positive rating, which is quite low for a Republican lawmaker.

“Congratulations Texas, you’re the first state to formally attack and attempt to ban anonymous use of cryptocurrency in the U.S.,”

– Andrew Hinkes, co-founder and general counsel of Athena Blockchain, exclaimed on Twitter.

“Other questions: Would any existing cryptocurrency or digital currency qualify as a ‘verified identity digital currency’ as defined? State issued? Are four state administrative bodies the right entities to ‘promote’ a digital currency?”

-Hinkes added

Texas is known for being a crypto-friendly state. Also, as personal freedom in general, such as rights to guns. Many fans of digital currencies disappointed after hearing about the bill. In the event the bill passes, it could influence business activities. As well as, it will initiate a number of challenges for residents who trust in and want privacy.