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   343

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
CEO, GMEX Group

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.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   94

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.