Monaco token falls 33% in a day

Bitcoin prepaid debit card operator Monaco token decreases due to removal of asset contract 
01 November 2017   1292

Monaco token, which is currently traded at $6.54 and has a market capitalisation of $64,175,249 fell down by 32.71% within last 24 hours. 

Monaco fall charts novemberMonaco Charts

On november 1 there was made an announcement in the official twitter account of Monaco that asset contract is being removed from Monaco roadmap. The statement was made that Monaco's asset smart contract scheme would no longer feature in its future.

Kris Marszalek, a chief executive officer, released a video, giving an explanation for such a move and stating that reasons behind this decision are “legal” and “commercial”.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).