Financial Action Task Force (FATF) amends global-AML policies so did Money Trade Coin

Financial Action Task Force (FATF), is an inter-governmental body whose aim is to maintain the standards and promote effective implementation of laws and measures which is to be taken correctly.

In a meeting held in Paris, about 35 countries have urged to take action against threats related to money laundering, terrorist financing, etc. held to regulate cryptocurrencies and countermeasures to tackle the use of cryptocurrencies for illicit activities. Many countries including India have agreed to the petition, seeing to that India had also created an interdisciplinary committee proposing new regulations related to digital currencies. The laws have been revised to protect the India cryptocurrency holders from the fraudster and scams.

India has been working on the regulatory framework since the financial budget of 2018 has arrived, as India is one of the major countries in Southern Asia. Seeing the frenzy trend of cryptocurrency among the people, the government have decided to regulate the cryptomarket and planning to stricken the Anti-money laundering (AML) policies. AML policy is meant to terminate all the illicit activities and all the other misuses of cryptocurrency. The possibility of fraud through cryptocurrency is because of the anonymity which it provides the users.

Money Trade Coin group is a pioneer of cryptocurrency market. It has introduced a vast segment of businesses trading, buying and holding of currency in India and longer for more opportunity to satisfy all the customers, keeping in mind the regulations and rules set by the Indian government.

 Money Trade Coin has acquired a 100% stake in Summit Wealth Management AG - A leading Swiss financial advisory firm. The acquisition will follow a recent uptick in the cryptocurrency market across the world. Based in Zug Switzerland, Summit Wealth Management AG offers a comprehensive set of personalized financial services in an assortment of wealth management areas, such as estate, tax, insurance and retirement planning through its team of experts, industry familiarity and innovative processes.

Association Romande Des Intermediaries Financiers (ARIF), a non- profit organization working to intercept activities on money laundering and terrorist financing.  Summit Wealth Management AG is an affiliated member of ARIF, hence Money Trade Coin can avail prominence into professional activities and promise conformity with understanding underAML and ARIF’s decree of self-regulation rules.

Singapore signs cooperative pact with India for innovative crypto projects

Singapore, Asia’s leading FinTech hubs, has recently signed a new cooperative pact with the Indian government. Joining hands for this new innovative project will help in exploring the new boundaries in the world of blockchain and cryptocurrencies related technologies. The pact will jointly focus on the making of the application of financial technologies including blockchain, digital and mobile payments and big data.

The Government of Maharashtra signed a Memorandum of Understanding (MoU) at a ceremony at Magnetic Maharashtra: Convergence 2018 event in India. Mumbai is taking the initiative for supporting innovative companies in the Financial industries, seeding funds and access to a global network of investors and corporate partners from across the Fintech industry. The start-up policies will intent to lighten regulatory and administrative hurdles. This will enable the ecosystem and environment wherein blockchain and crypto currencies will get a direction through entering FinTech industries.

The agreement will foster engagement between FinTech start-ups in Singapore and India, helping Mumbai to develop in Fintech technologies. The project will be a benediction in the creation of future skills, technology, and jobs. The Fintech based programme running in India will also be considered. Earlier Singapore has joined hand with Andhra Pradesh, a southern Indian state and with this successful alliance with Maharashtra, It could be the next Fintech hub of the Asian continent. 

Blockchain Technology - The Power to Transform Traditional Financial System

With cryptocurrencies gaining an upper hand in the financial market system, the technology that rules these digital assets, Blockchain Technology is being appreciated and accepted by institutions all over the world.

The innovation and development within the industry have led to a massive growth in the adaptation of the Blockchain technology.

While Blockchain has been used in many sectors for safe and fast transactions, many are still unaware of these long series of codes represent the key components of value transfer. 

However, the industry is booming at a large pace and with digitization taking the front step, blockchain with its umpteen benefits has been adopted for betterment. The applications of blockchain technology are enormous and can be implemented in the financial sector to encourage transparency. 

The latest developments suggest that the very efficient Blockchain technology can prove to be a boon bridging the educational gap and thereby strengthen the adoption of cryptocurrencies globally.

As per experts prior to implementing the technology in all the spheres of life, it is essential to have a complete understanding of the same. Despite experts and analysts,  the common people dealing with this technology should be thoroughly explained about its working, pros, and cons. This comprehensive knowledge among the people will help to build trust and thereby increase its utility and power.

Cryptocurrency Regulation - RBI to set up self- regulatory body

As cryptocurrency is gaining whooping popularity globally, the concerns regarding the Digital assets reliability is also surging high. Therefore, a number of official financial institutions have been making efforts to bring about a regulation in this volatile market system.

According to recent developments, the Reserve Bank of India has suggested innovation labs,  data protection laws, and a dedicated organizational structure in order to introduce stronger regulations and a self-regulatory body to keep a check on the activities of FinTech companies.

For the same, the RBI has arranged an internal Working Group to examine the issues related to FinTech and Digital Banking system in India. This group consists of members from major institutions such and SEBI, IRDAI, PFRD among others.

The main aim is to bring about a stronghold in the unregulated market which makes up a significant amount of the economy, thereby, stabilizing the financial market system. With a unique approach, the RBI has invited comments and suggestions on the by recommendations by email or post before February 28, 2018.

It is noteworthy that very recently, the Founder of Money Trade Coin Group, Dr. Amit Lankhanpal addressed the Indian government to provide a helping hand in adopting the Blockchain technology, developing and regulating the Crypto-market in the country. In the document, Dr. Amit Lankhanpal has provided probable guidelines and solutions that the government can undertake in order to control and regulate the volatile market, thereby, increasing its efficiency. He also tries to explain how the use of cryptocurrency can benefit the country's growth and development and provide a push to Shri Narendra Modi's dream of Digital India and the cashless society.

Money Trade Coin all set to spread it's wings across 40 countries

It is our pleasure to bring this to your notice that a number of leading cryptocurrency portals have been covering the growth of Money Trade Coin. The group that marked it's presence in the crypto-space last year has been doing extremely well and giving a tough fight to leaders. 

Money Trade Coin has been the pioneer in providing multi-cryptocurrency exchange and wallet services all across the world, thereby making a stronghold in this volatile market system. 

In order to make a mark and fight powerfully to attain the desired position, the newly emerging cryptocurrency, Money Trade Coin is leaving no stone unturned. The Group has decided that it will establish its footprints and provide services in 40 countries all over the world probably in this new year. It will soon provide its services in Singapore, Malaysia, Cambodia, Thailand, Bulgaria, Denmark, Sweden, Poland among others.

You may read the comprehensive article below.

https://goo.gl/nSK4ej 

https://goo.gl/P3ZHhm 

https://goo.gl/H3EgpB

Courtesy -  Wu Wei Dao, Cryptobble, and Ambcrypto

Now Learning about Blockchain is facile with Online Courses

Today dealing with cryptocurrencies has become a trend. Gradually, the world is moving towards a unique phase of Digital Assets. Since the popularity of Virtual currencies is surging high globally at a fast pace, it is imperative to understand and have complete knowledge about the working of the cryptocurrencies.

With an aim to increase awareness and educate the masses, an Australian public research University RMIT is all set to launch the country's very first Blockchain Course. This course will be an online(digital) short course to briefly comprehended the Blockchain technology underpinned in the working of cryptocurrencies.

The course is designed to run as an 8-week program, named 'Developing Blockchain Strategy' and is set to kick-start on 19th March 2018. 
The curriculum is developed by the RMIT Blockchain Innovation Hub along with other industry experts and will be available to all wanting to fathom the application of this efficient system.

Following the lines of the initiative to inform masses about this new era of digitization, the Money Trade Group is planning to launch its very own online education portal. With this new venture, the Money Trade Coin Group intends to provide a platform for gaining all the knowledge about the Cryptocurrency World. It will educate people on the very efficient Blockchain technology, ICO, the developments in the crypto-space and so on. It will provide its services in all the officially recognized global languages and will be available to everyone around the world. All the lessons will be conducted by industry experts, market- analysts and specialists, therefore, providing insights from the global financial market system.

South Korea approves 'Normal' Cryptocurrency Transactions

A few months for cryptocurrencies all over the world have been a little difficult as there have been a number of speculations regarding the Digital assets reliability and credibility.

Just like other countries, South Korea was also earlier conjectural about the usage of virtual currencies in the country. According to recent improvements, the Financial Supervisory Service (FSS) of South Korea has declared that the government is ready to accept 'Normal' cryptocurrency transactions.

The officials further clarified that the entire world is planning to introduce a regulatory framework to gain a control on digital currencies; hence, instead of developing strict and strong controls, we should realize the importance and enable it for Normal transactions.

However, this new statement by FSS official, Mr. Choi, completely contradicts his earlier stand on designing strict regulations on cryptocurrencies. Earlier, he even remarked that Bitcoin will lose its bubble later. So, this new optimistic approach towards cryptocurrencies displays an opposite viewpoint.

This initiative is helping medium and small-sized exchanges as the Korean Blockchain Association has imposed a real-name system on exchanges and thereby ceased the usage of virtual accounts that permit anonymous digital currency trading. This will encourage security and safety of the transactions and safeguard the money of the cryptocurrency holders.

The government authorities are also encouraging Banks to work with Crypto exchanges and make transactions with these crypto exchanges, as they have sufficient and efficient systems that can freely open virtual currency real name accounts. This will to an extent solve the problem of small and medium-sized exchanges that are unable to obtain virtual accounts.