Category: Cryptocurrency

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Jurisdictions with a different legal outlook towards Coin Offerings

Categories Blockchain, Cryptocurrency, ICOs, Malta, Law, DLT Regulation, Regulation

Jurisdictions with a different legal outlook towards Coin Offerings

The year 2018 was marked with technology advancements and new trends. The DLT industry started to get widely recognised in many jurisdictions around the world, making way to a new digital economy. Most financial service providers are using technology to their advantage, utilising blockchain wisely to store in data, or creating complex mathematical algorithms to create an easy way to digitally facilitate, verify, or enforce agreements by means of smart contracts. Moreover, the FinTech industry is also growing substantially, with many financial institutions opting to become part of this industry.

Countries implementing different ICO Laws

This year has marked a record-high for new ICO ventures launching their crowdfunding platforms. Many companies are now opting to design tokens to be exchanged for services offered to their clients. Various countries have taken different regulatory approaches towards this growing industry, with some regulating the space and others opting for non-regulation. Certain countries decided to implement strict legislation by banning people from owning cryptocurrencies or investing in ICOs altogether, while others have built well-structured progressive legal frameworks that provide legal certainty.

Stringent laws taken by the SEC in the US towards ICOs

Meanwhile in the US, ICOs are not formally regulated across the country, however, various administrative agencies, such as the Commodities Futures Trading Commission (CFTC), the Financial Crimes Task Force (FinCen), the Department of Justice (DOJ) and the Securities Exchange Commission (SEC) have taken measures to regulate this market. The most notable administrative agency overseeing ICOs is the SEC. The SEC’s purpose is to investigate and regulate all securities issued by companies, while “protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation.

Although no concrete legislation regarding ICOs is in place, the SEC has jurisdiction over any securities related matter from the power granted to it by the Securities Act of 1933 and 1934. Guidance is also given regarding to what constitutes a security by the 1946 Supreme Court Case commonly known as Howey. Howey set forth a test used to determine whether an asset being offered constitutes the sale of a security. This test is applicable to all ICO issuances implicating the United States. The Howey Test is a financial instrument test which states that, if the asset meets all the elements, then it will be treated as a security. The elements of the test are as follows: 1) an investment in a common enterprise, 2) with the expectation of profits, 3) primarily derived from the entrepreneurial efforts of others.

Companies in the US launching their ICO have been commonly identifying their tokens as utility tokens in hope of circumventing registration with the SEC. However, utility tokens are not a legally recognised concept in the US and instead, the SEC looks at the economic realities of the transaction.

Although the US has stringent ICO Laws, companies are still risking to set up and open their ICO venture, due to the United States entities receiving the highest amount of crowdfunding.

In the past year, a number of celebrities and other public figures have endorsed ICOs, encouraging their fans to invest their money. However, recently, the SEC issued a warning to investors in various tokens stating that they are subject to have violated anti-touting laws along with anti-fraud provisions. In this case however, the SEC failed to clarify how these endorsements were paid, either directly or by indirect payment. Moreover, the SEC stated that celebrities marketing such ICOs “…may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement. The SEC’s Enforcement Division and Office of Compliance Inspections and Examinations encourage investors to be wary of investment opportunities that sound too good to be true.  We encourage investors to research potential investments rather than rely on paid endorsements from artists, sports figures, or other icons.”  Hence, these promoters might be held liable on the basis of ‘acting as unregistered brokers’ as well as taking part in transactions of securities which have not yet registered by the SEC.

What about the Asian market?

Asian countries have taken various stances with regards to ICOs; some have imposed strict laws banning ICOs altogether, while others take a lenient and progressive approach towards ICO tokens and treat them on a case by case basis. For example, the Monitory Authority of Singapore (MAS) does not regulate the issuance of utility or payment tokens, but only security tokens. With this positive approach many ICOs – who typically issue utility tokens -have launched their ICO in Singapore, making it one of the most popular jurisdictions in Asia.

On the other hand, the People’s Republic of China (PRC) took a firm stance against all ICOs, banning citizens from launching them altogether. In addition, any coin offering including exchanges used to trade virtual coins have also been banned. This approach was set in motion when China stated that all ICOs are bound to hurt the market since they are prone to deception and fraud. For this reason, the PRC is encouraging ICOs issuing their currency to follow laws which protect investors rights while trading on a platform.

European Diversity

In Europe, many countries have enacted favourable ICO Laws, attracting Asian companies to shift their operations to Europe, which in turn resulted in a healthy growth for the sector. Three proactive and progressive jurisdictions in Europe that have received praise from many fronts are Estonia, Switzerland and Malta. Many large crypto-exchanges set up shop on the territory of these three countries, especially in Malta.

Estonia with its already set and business-friendly laws is attracting many ICOs and crypto companies to register their operations on its territory.

In the “crypto-valley” of Switzerland and the technological city of Zug, there are many ICOs operating. The Swiss Financial Market Supervisory Authority (FINMA), has implemented forward-looking ICO Laws, and many investors and issuers see Switzerland as a “go to” country due to its favourable taxation laws.

Meanwhile the Maltese Parliament has provided a firm progressive stance with regards to Blockchain, ICOs and crypto exchanges. This has motivated many big companies such as OKEx and Binance to move their operations to the island. On the 1st of November, three regulating acts came into force, which will enable more businesses working in this industry to benefit from these innovative laws. The Malta Financial Services Authority (MFSA), will be the primary institution regulating this sector. Moreover, Malta’s tax rate to foreign companies is that of 35%, but by implementing effective tax planning it can go down to as low as 5%.

Malta is gaining a lot of traction within the tech industry, with many companies opting to set up shop on the Island. Malta will continue to strive and compete with other countries who are looking to follow the “Blockchain island” regulating framework of this industry.

Many legal companies sought out the opportunity to delve into this industry. One of the companies to stand out in the industry is surely E&S Group, a legal and corporate firm based in Malta, offering tailor made services to ICOs, crypto exchanges and Tokenomics to clients. So far E&S Group has successfully advised over 90 ICOs. E&S Group is being sought after by several ICOs wishing to launch their ICO project in Malta. Apart from that, said ICOs would also need to incorporate their company in Malta before getting started with their crowdfunding their project.

If you would like to know more about what we offer, send us an email on [email protected]. Our professional team of lawyers and accountants are there to make sure that your ICO will happen.

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Maltese Prime Minister Welcomes Switzerland as a Competing Blockchain Hub

Categories Blockchain, Cryptocurrency, Malta, European Commission, The Blockchain Island, DLT Regulation, Blockchain Leadership Summit

Maltese Prime Minister Welcomes Switzerland as a Competing Blockchain Hub

“Regulation gives certainty to investors, give certainty to consumers and it provides the level playing field that the industry needs”, – words spoken by the Prime Minister of Malta Joseph Muscat during his interview with CNN Money during the Blockchain Leadership Summit in Switzerland, in which E&S Group team members participated at.

The Maltese Prime Minister welcomes Switzerland as a competing crypto hub and encourages other jurisdiction to step into the industry in order to create a EU Blockchain framework. Among the roadblocks for mass blockchain adoption he mentions the misunderstanding of the blockchain concept, initial scalability, environmental problems along with other topics such as; e-learning, AML European rules, KYC procedure and the virtual euro as a currency of the future.

“We are moving slowly but steady”, – the Prime Minister comments’ when questioned about the legislation development in Malta.

Watch the full interview via link – https://www.cnnmoney.ch/shows/blockchain/videos/malta-pm-joseph-muscat-european-union-blockchain-framework 

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Moontec2018 – Cold but Friendly

Categories Blockchain, Cryptocurrency, Conference, Event, Estonia, Moontec18

Moontec2018 – Cold but Friendly

The Nordic Blockchain Conference Moontec 2018 took place in the Estonian capital on 26-27th of November. This year the Tallinn Creative Hub (Kultuurikatel) hosted the event, which attracted about 400 participants from the Baltic States, Russia, Central Europe and the US.

Moontec 2018 was made remarkable thanks to the high-quality speeches delivered by the representatives of large institutions, big companies and international agencies such as Maersk, Lloyd’s Register, DataDash, OKEx, Blockchain Innovation Hub at RMIT University, Microsoft, e-Residency, IBM, and Interpol amongst others. The speakers attracted attendees’ attention by providing informative data and real use-cases on two parallel-running stages covering topics such as the Next Generation of Intelligent Systems, the future of National States in the 21st Century, how cryptocurrencies are disrupting and liberating emerging markets, how Maersk + IBM are digitising global trade with blockchain technology, cryptocurrency related crimes and investigation challenges, Blockchain for Food: Hype or Hope, and many more.

Estonia is perceived as a crypto friendly country for both ICO and digital start-ups among the crypto community due to a relatively simple procedure with regards to company registration and obtaining crypto licenses. Nevertheless, entrepreneurs consistently face issues when opening bank accounts, hiring qualified employees and being fully secure when conducting an STO in this northern country. The Estonian legal framework is designed according to a sand-box model and ideally suits the needs of the operational ICO with the utility tokens.

It was also noted that several blockchain-based companies are looking for the opportunity to relocate their headquarters to Malta and incorporate the company on the Island. The E&S team took part in the event and witnessed a huge interest in Malta. We also had an opportunity to discuss the legal peculiarities of Estonian framework with Estonian colleges, visit the Ülemiste City technology campus and find new partners.

New jurisdictions are arising, regulation is getting more sustainable and the digital industry itself is maturing in 2018! Contact us today by sending an email on [email protected] to find out more about the ICO-related services we provide.

 

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European Blockchain Convention to be hosted in Spain

Categories Blockchain, Cryptocurrency, ICOs, Malta, E&S Group, Technology

European Blockchain Convention to be hosted in Spain

Blockchain technology has formed a trend among many companies, many of which Fintech and ICOs aspiring to implement such innovative technology within their respective economic sectors. Many jurisdictions, however, have a different take to this disruptive technology – some are interested in regulating it such as Malta for instance, whilst others, such as China, are banning it.

In 2018, Malta has become a trailblazer to this new industry, passing 3 crypto-friendly bills which came to force in November. The aim the Maltese government was to keep this space competitive, regulated and thriving, attracting many foreign companies to set up shop within the widely dubbed “Blockchain Island”. Financial institutions established in Malta are providing legal advice and corporate services to prospective ICOs and STOs willing to conduct their crowdfunding campaigns from Malta. E&S Group is one of the most advanced legal and corporate firm to provide these tailor-made services to its clients, and the first legal company to tokenize its services back in March.

In a study obtained by ICO Bazaar, it has been concluded that in 2018 alone, the average crowdfunding reached was that of $200,000 – $1,250,000, this total sum includes preparation costs, together with the one-month token sale. Over this period, E&S Group has advised over 90 ICOs.

The topics of the digital economy, growth, and the emerging number of ICO conducted within different legislations will be discussed during the European Blockchain Convention held in Barcelona, Spain, on the 29th November. The theme of this year’s conference is “Building the foundation of Blockchain and the Digital Economy”.

Karl Shranz, co-founder of Malta’s leading ICO and Crypto Advisory firm, E&S Group, will be participating in a panel discussion titled: “Overcoming Barriers to Institutional Acceptance of Digital Assets.” Karl will share his expertise on the Maltese legal framework experience and future prospectives. Besides Karl, the panel consists of two other people contributing to the discussion, namely Stephanie Ramezan, Co-Founder of Quince Capital, and Eneko Knorr, Founder of Pheiden Capital moderated by Pernille Enggaard, Finance and Business Journalist at Radio24syv.

The conference will host 50 speakers and is expected to host over 500 industry leaders, regulators, politicians, investors, developers, CTOs, lawyers and entrepreneurs building the foundation of the Blockchain and the Digital Economy who will attend this convention.

This convention will also discuss various topics in relation to regulations, economic impacts caused by Blockchain and the industries’ changes under the influence if this phenomenon. If you would like to know more about this convention, or would like to set a meeting in Barcelona, kindly contact E&S Group on  [email protected].

 

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Nordics Blockchain Summit returns to Estonia

Categories iGaming, Blockchain, Cryptocurrency, E&S Group, Regulation, Conference, Moontec18

Nordics Blockchain Summit returns to Estonia

Moontec is an internationally recognised Nordic event, devoted to blockchain technology and its implementation in various industries and is proudly hosted in Tallinn every year.

When Estonia started building its information society about two decades ago, there was no digital data being collected about its citizens. The general population did not have internet access or even devices with which to use it. For this reason, it took great courage to invest in IT solutions and take the information technology route within that scenario.

Since this decision was taken in 1997, the best step-by-step implemented e-solutions have made Estonia one of the world’s most developed digital societies. With the application of e-Governance, e-Tax, X-Road, Digital ID, I-Voting and e-Residence this Nordic country is moving towards real-time economy and industry 4.0.

At the end of October, ‘WePower’ the Estonia based energy company announced the successful delivery of a landmark; a nationwide pilot project in conjunction with transmission system operator, TSO Elering.

Representing a significant step forward in the digital energy sector, the initiate will convert energy consumption and production data onto the blockchain on a national scale. This is the first research and development project that aims to eventually enable consumers to purchase green energy directly from producers, with all relevant information stored on the blockchain.

Estonia benefits from 100% countrywide smart meter coverage and a data sharing platform called Estfeed, which allows customers to download and share their data with whoever they choose. This made the country the ideal location for such a pilot, as it already had much of the required infrastructure in place and fully functioning.

The interest towards blockchain in Estonia has never been higher. The momentum is shifting from a focus on learning and exploring the potential of the technology, to identifying and building practical business applications. Today, many tech companies started investing in blockchain Research and Development, yet they have no clear guidelines on its effectiveness.

This year’s Moontec, held between the 26th and 27th November, is dedicated to finding answers to the biggest challenges faced by blockchain nowadays, such as regulation, application in real-world practice and market adoption.

E&S Group team is attending the event to talk about the use of blockchain technology in the legal, iGaming and logistics industries. In order to make the system work on a European scale, the representatives of the Blockchain Island community should connect with the specialists from the Digital Nation, allowing the blocks to build an effective network.

Meet us in Tallinn on between the 26th and the 28th November. Please send an email to [email protected] to arrange an appointment or contact our team members directly: Yuliya Khrenova and Rick Goddard.

 

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Crypto-friendly banks expected to open in Malta in the next 12 months

Categories Blockchain, Cryptocurrency, ICOs, Bank, DLT Regulation, E&S Group, Cryptocurrency Exchange, Tokens, Wallet, Delta Summit

Crypto-friendly banks expected to open in Malta in the next 12 months

Roderick Psaila, a Malta-based banking expert spoke about the future of crypto-banking at the Delta summit in Malta held between the 3rd and 5th of October. The three-day event was the world’s first official and government approved blockchain event of its type, and it attracted over 1500 delegates from all over the world.

Speaking as a part of a discussion panel, he was responding to criticism of traditional banks hesitancy to embrace blockchain, DLT, and cryptocurrencies despite the fact that the Maltese government has approved the DLT legislation in November.

“We are already seeing new, smaller banks show a willingness to adopt blockchain technology, but legacy banks will take longer to come round, because of their systems in place and because they tend to expect higher standards,” he said.

He also stated that he believes that two to three crypto friendly banks will open in Malta within the next year that will be amenable to blockchain and crypto, as well as being conducive to the industry’s growth.

This could be due to the fact that it is unlikely for the banking industry to fully adopt and embrace blockchain technology until matters around its compliance with anti-money laundering framework were finalised. Until this framework has been deemed acceptable to banks, it doesn’t matter how acceptable it is to operators, ultimately the banks have the final say.

Also on the panel was Michael Matthias who is the CEO of digital currency Dascoin and he stated the need for banks to catch up with modern technology instead of shying away from it.

“And yet, as blockchain technology becomes more mainstream, it is not farfetched to imagine a near future in which cryptocurrency is used as the coin of choice in everyday payments and transactions,” he said.

The Delta Summit, the first of its kind has been called a resounding success by all that attended. Dr Christian Ellul, Director of E&S Group also spoke on a panel discussing Malta’s bright future as the “blockchain island”. Other speakers at the event included the Prime Minister of Malta Joseph Muscat, Changpeng Zhao the CEO and Founder of Binance, and other global stakeholders in the blockchain, crypto, DLT, and ICO sectors. If you have any questions in relation to ICOs, and Malta’s legislation regarding ICOs and blockchain please contact us on [email protected]

 

 

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Digital money: Argentina’s solution to its economic crisis

Categories Cryptocurrency, ICOs, Bank, Technology

Digital money: Argentina’s solution to its economic crisis

As the leading cryptocurrency in the market, Bitcoin is the solution Argentinian investors are considering during the current economic crisis.

Economist and mathematician, D.H.Taylor stated:

“Argentinians are moving in large numbers out of their peso and into a more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” He adds that “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.” Additionally, Taylor used a chart of weekly volume BTC purchased in Argentina as an undeniable evidence.

Argentina has been undergoing an economic crisis since April 2018, when the peso was dropping in value against the dollar. However, Argentina still remains one of the wealthiest countries in Latin America.

The sudden drop of the peso according to most economists is due to the relationship between investors and the government. Investors are suspicious of the government’s ability to contain unrelenting inflation, and to minimise the effects of the U.S. Federal Reserve interest rate. Whilst this led to a drop in the value of the peso, it actually strengthened the value of the dollar.

Nowadays, it seems the Argentinian Central Bank is looking for solutions such as diversifying into digital currency. Athena Bitcoin installed the first crypto ATM on September 19th 2018, so that people can exchange cryptocurrency in a public space.

Matias Goldenhorn, the Athena Bitcoin Director for Latin America made the case so much clearer by stating that this system, expected to spread soon in Buenos Aires, will operate with BTC, Litecoin, Ethereum and BTC Cash. Taylor states that currently, there are nearly 8,000 Bitcoin pay stations in Argentina.

If you are interested to open up an ICO in Europe’s stable economy, Malta, E&S Group is the right company to help you achieve your goal. In 2018 alone, E&S Group has successfully advised over 90+ ICOs. For further enquiries send us an email on [email protected]

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India to test the waters of digital assets

Categories Cryptocurrency, Bank, Technology, DLT

India to test the waters of digital assets

India has long been cynical about cryptocurrencies and this cynicism was further evidenced by their hard-line stance over the last few years. But this could all be set to change.

Indias local news outlet DNA India reported that a committee has been set up by the Finance Ministry that will be overseen by the Department of Economic Affairs. This committee was created to consider whether certain crypto tokens and assets should be allowed to be used within the country. Once all considerations have been made, draft proposals will be finalised and the legislation will be tabled in Parliament.

Subhas Chandra Garb, head of the Department of Economic Affairs said:

“The committee is studying the possibility of using cryptocurrencies or crypto technology (distributed ledger technology) for financial transactions and also what kind of regulations are needed for that…[while] the currency is totally banned, the committee is discussing its other usage and how it can be mainstreamed in India.”

Whilst stating that blockchain and DLT have a lot of promise, Garg was quick to deny that there was any chance of cryptocurrencies being used in any manner in the future. She reiterated that the DEA has issued multiple advisories to the public that categorically warn against the use of cryptocurrency, as well as comparing them to “Ponzi kind of scheme”.

The Reserve Bank of India has issued a bank on all banks handling any type of business with cryptocurrency- related businesses or individuals- a large blow to the countries burgeoning sector.

Garg did go on to say that she believes the government could be interested in “testing out the waters” when it comes to crypto tokenisation which would not be able to substitute for currency in any way.

“One will need to pay physical money to buy a token which could be stored as a code in any basic mobile feature phone. It can even be used for remittances. So, it is easy to implement from technology as well as a regulatory point of view. But in the case of cryptocurrency, one needs to allow it as a legal tender first.”

The committee is said to analyse prospects and possible consequences of the government lifting legal sanctions on cryptocurrencies.

To learn more about ICO Legal Services in Malta please follow this link.

Contact us directly on +356 20103020 or by email at [email protected] to find out more.

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Security tokens are changing traditional finance

Categories Blockchain, Cryptocurrency, Tokens, DLT

Security tokens are changing traditional finance

The creation of blockchain has been one of the most important technological advances of the 21st century and it has opened a number of doors to ways of improving the way we live.

Blockchain and distributed ledger technology (DLT) is the technology that underpins Bitcoin and cryptocurrencies. Tokens also use the same technology and they can be categorised in three different ways, depending on their use and function. These categories are; utility tokens, payment tokens, or security tokens.

Founder and partner at Morgan Creek Digital Assets, Anthony Pompliano believes that security tokens should be considered as digital assets and therefore should be regulated by federal rules. This means that they are essentially a mixture of new digital asset technology and more traditional financial products.

“If cryptocurrencies like Bitcoin are considered ‘programmable money’ then you can consider security tokens a version of ‘programmable ownership.’ This means that any asset with ownership can and will be tokenized (public and private equities, debt, real estate, etc).” Pompliano said.

In another comment from Luc Falempin, CEO of Token, he stated that security tokens have drastically increased the ability to create new and exciting financial products. He also commented on the significant increase in security tokens that offer benefits to both digital assets, and more traditional finance.

“The net effect of tokenized securities is to increase the liquidity of the underlying assets. Using an asset tokenization platform is becoming the de facto method to raise capital by issuing blockchain-based ownership claims.” 

One of the main plus points of a good tokenisation platform is the fact that it is possible to create a way to tokenise funds, services, and assets in an efficient manner. A proper platform will eliminate any of the technical challenges that present themselves in the management and sale of pre and post-sale tokens.

“The issuance of a new security or utility tokens can be easily managed on a tokenization platform. A successful token sale could end up receiving thousands of contributions in the form of fractions of thousands of ETH. The more success you expect to see in your project, the higher the need for a professional tokenization platform that can automate the process,” Mathieu Cottin said in a blog post.

Most importantly, a security token can offer improvements to a number of features of traditional financial services as they have the ability to remove intermediaries from investment transactions. This means fewer fees, increased and free market exposure, quicker transaction completion, and a larger potential customer base. It also makes the market immune to institutional manipulation and automated service functions.

If you have any questions in relation to ICOs, please contact us on [email protected]

 

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Visa announces a collaboration with big names for its tokenisation service

Categories Blockchain, Cryptocurrency, ICOs, Payments, FIAT, Visa

Visa announces a collaboration with big names for its tokenisation service

Visa Inc, one of the world’s largest payment providers has recently announced the expansion of its newly created Visa Token Service for its credential-on-file (COF) token requestors. The official announcement was made ob the 18th of October. This news marks a major milestone towards the further securing of consumer payments over a digital channel.

As a part of this new project announcement, acquirer gateway and tech partners such as Adyen, AsiaPay, Braintree, Checkout.com, Cherri Tech, CyberSource, Elavon, Exidebit, eWay, Fit-Pay, Giesecke & Devrient, PayPal, Payscout, Rambus, SafeCharge, SecureCo, Square, Stripe, WorldPay, and YellowPepper are already, or will soon be able to tokenise credential-on-file digital payments on behalf of merchant and payment clients.

Working with the EMVCo Payment Tokenisation Standard, the Visa Token Service offers customers additional security by removing the need to use personal account numbers and expiration dates and introducing a unique digital identifier (token) instead. This token can then be used for payment without the need to expose the cardholders personal or sensitive information. In addition to greatly improving security, any expired or leaked credentials can be easily introduced into the background by the financial institution in question.

Merchants can also enjoy extra protection from data breaches that can occur elsewhere in the ecosystem because the Visa card number can be replaced by a token that is unique to the gateway partner, or merchant.

Ansar Ansari, SVP of Digital Payment Products at Visa said:

“Today, we welcome 20 partners into the Visa Token Service who will help scale tokenization to their thousands of merchant clients and millions of customers around the world. This opens up a world of possibilities for our merchants and partners to further evolve and innovate in digital payments. Making digital transactions even more secure is one of Visa’s biggest priorities. Working with Visa, these partners will help secure cardholder data and make digital payments safer, resulting in friction-less digital commerce experiences for consumers.”

“Adyen is excited to be the first acquirer in the payments ecosystem with in-market solutions to support and offer Visa Token Service to our global merchants,” said Kamran Zaki, president, North America, Adyen. “In addition to improving security, Visa network tokens through Adyen will allow our merchants with cards on file to reduce involuntary churn and improve authorization rates without any additional work on their part.”

A spokesperson from Worldplay, Asif Ramji said;

“Worldpay is committed to protecting the integrity of every transaction and this solution integrates well with our own security and tokenization products. By forming strong relationships with companies like Visa to bring global scale to every merchant, we ensure their ability to deliver positive customer experiences. Importantly, Worldpay merchant partners who take advantage of our implementation of the Visa Token Service do not need to wait for individual certification and approval to begin protecting their customers’ data.”

If you have any questions in relation to ICOs, tokenomics and Malta’s legislation regarding ICOs and blockchain please contact us on [email protected]

 

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