Launch of New Exchange in Mauritius supported by GMEX

The Mauritian commodity exchange platform is aimed to boost real GDP growth in Mauritius to 4.1%
25 June 2018   946

Being a provider of multi-asset exchange and post-trade technology, GMEX has declared today that it will play a major part in the runh of the Mauritius International Derivatives and Commodities Exchange (MINDEX). As claimed in the statement, MINDEX will be a multi-commodities and derivatives exchange platform. MINDEX will have full controll by the Mauritius Financial Services Commission. The project will create a gold refinery, a secure vault, launch an advanced technologically enabled spot exchange, derivatives exchange and clearinghouse. 

GMEX has been closely cooperating with the British High Commission Mauritius and Department for International Trade (DIT) Mauritius. The DIT has been an active assistant of the firm from the start of its investment journey and has facilitated meetings with key stakeholders.

As an international economic department, we are pleased to be working with GMEX in Mauritius on an investment which will sustain and create jobs in Mauritius and the UK. The MINDEX project will support an ecosystem which creates opportunities in gold mining, refining, storage, recycling, and in commodities trading and financial technology. We will continue support companies’ overseas investments where there is benefit to the UK by offering practical support to investors, facilitating introductions to ease market entry and using our expertise to explain political sensitivities and cultural differences to British businesses.
Graham Stuart MP,
Minister for Investment, Department for International Trade, UK

The CEO of GMEX Group, Hirander Misra, added to the matter: 

Without DIT involvement and support there would have been much less likelihood that the investment would have gone ahead as quickly and smoothly as it has”
Hirander Misra

The exchange platform is proposed to be a boost to the Mauritian economy. The MINDEX project will boost real GDP growth of Mauritius to 4.1% instead of the estimated 3.9%. The commodity exchange is also anticipated to be profitable for the economy of the United Kingdom. An increase in exports and repatriated profits back to the UK is estimated at £100 million. It is also foretell to create an extra 1,000 domestic jobs over a five year period, that in return, will facilitate additional UK GDP growth.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.