Kyber Network partners with Change to build a financial platform

Kyber Network has made an announcement about its partnership with Change mobile app to attract more users to test its protocol and to build a financial services platfrom
27 December 2017   1194

Kyber Network, a decentralized exchange that facilitates instant conversion of crypto-assets with guaranteed liquidity, has announced its collaboration with Change, the banking application that aims to transform the financial services landscape. Change is a Singapore-based company which hopes to bundle financial services in an easy-to-use application that will reduce barriers to entry and increase blockchain adoption, and plans to also do it collaborating with Kyber Network.

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

  • Average Price: $2,51
  • Market Cap: $336 753 549
  • 24h Volume: $10 466 800

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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   63

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.