Belarus based startup Currency.com recently announced the release of their trading platform for tokenized securities.
The worlds first fully regulated tokenised securities exchange is finally here!
Watch the video below to find out how it all works! Don't forget to like & subscribe.https://t.co/dmyHxwk3iz
— Currency.com (@CurrencyCom) January 15, 2019
Their Press Release stated:
“Currency.com is accessible to all types of investors and will issue over 10,000 tokenized securities (starting with 150+), which will track the underlying market price of common financial instruments, such as global equities, indices, and commodities. For instance, users will be able to buy a token that mirrors the performance of an Apple share on the Nasdaq – APPLE.CX – at the same economic costs and benefits of an Apple share. Users will be able to buy these tokens on Currency.com directly using Bitcoin (BTC) or Ethereum (ETH), and will have the ability to trade them on margin.”
In a statement to the press regarding the launch, the company’s CEO, Ivan Gowan said:
“We are excited to be launching this revolutionary blockchain venture and providing crypto investors with a concrete option to diversify their portfolio by investing in traditional asset classes, without the pressure of exchanging cryptocurrencies into fiat money to do so. Currency.com is committed to providing users with superior security and fraud protection, and preventing any potential risks by leveraging the full traceability of blockchain transactions and adhering to the strictest regulatory standards set by Belarus' Decree No. 8 ‘On the Development of a Digital Economy.”
The project is launched more than a year after Belarusian President Alyaksandr Lukashenka legalized transactions in cryptocurrencies such as Bitcoin. Lukashenka signed the decree on December 22, 2017.
Decree No. 8 legalizes businesses based on blockchain, providing a legal status for tokens and smart contracts and legalizing operations related to mining, keeping, buying, selling, distributing, or exchanging cryptocurrencies, such as exchange services, digital tokens, initial coin offerings, and mining operations.
Currency.com is fully compliant with Decree No. 8 and implements best-in-class Anti-Money Laundering (AML) and Know Your Customer (KYC) laws and strict data and customer protection rules to the same level as the General Data Protection Regulations (GDPR).
It has also developed robust in-house compliance mechanisms that ensure that all client deposits are protected by advanced security measures.