FATF to Develop Common Rules For Exchanges

As reported, on June 24 members of the FATF will discuss the effectiveness of the rules, their applicability to new exchanges
13 June 2018   1634

The intergovernmental organization FATF (financial crimes task force), whose main activity is the fight against money laundering, plans to create a set of mandatory rules for crypto exchanges. This is reported by Reuters referring to the statement of an unnamed Japanese official.

According to the agency, on June 24 members of the FATF will discuss the effectiveness of the rules, their applicability to new exchanges and the principles of implementing requirements in countries where cryptocurrencies are banned.

At present, crypto exchanges are following optional recommendations, which imply the registration and disclosure of information about suspicious activity. At the same time, each state independently decides to what extent to regulate cryptocurrency companies.

Tthe government of Japan, which recognized bitcoin as legal tender in April 2017, intends to establish mandatory supranational regulations for the regulation of crypto exchanges no later than 2019.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   1002

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.