Electrum Peseta v3.0 to be Released

According to the roadmap published on the official website of Pesetacoin, the Electrum Peseta v3.0 will be released on April 16, 2018
02 April 2018   718

Pesetacoin is a cryptocurrency developed as BitCoin and LiteCoin but focused in the Spanish Country but with merged-mining. According to the roadmap published on the official website of Pesetacoin, the Electrum Peseta v3.0 will be released on April 16, 2018.

Electrum Pesetacoin wallet is secure with no sync time and long waits for the blockchain to download. Electrum Pesetacoin uses a 128-bit random seed to generate your private keys.  The seed can be represented as a 12-word mnemonic code. The users do not need to perform regular backups, because the wallet can be recovered from the twelve-word security passphrase (or “seed”) as it is easy to remember it and keep on paper. 

Electrum Pesetacoin walletElectrum Pesetacoin Wallet

The long-range goals of Pesetacoin to be realized until the end of 2018 include the launch of Copay Peseta, getting listed on Coinomi and 6 more exchanges, listing in 2 payment gateways, getting into 1 Hard Wallet, Drupal Commerce, Wordpress and Prestashop plagins.

At the moment of press, these are main market parameters of Pesetacoin:

Average price: $0,028926
Marketcap: $3 857 655
24h volume: $4 397

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   49

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.