Nasdaq and Euroclear to Represent Blockchain Platform

ABN AMRO Clearing, EuroCCP, Euroclear and Nasdaq jointly created blockchain or securities trading and derivative financial instruments
20 June 2018   748

One of the main functions of the new solution is the mechanism for covering losses of investors based on the DLT due to the triggering of margin calls (forced completion of the transaction, when the account balance necessary to maintain the amount of collateral of all open positions is near zero). This is reported in the press release.

It is also reported that Nasdaq will develop a Proof-of-concept, and EuroCCP and ABN AMRO Clearing will develop a client part of the user interface and will take over the integration of services. Euroclear, in turn, will ensure the settlement of security transfers, as well as control over compliance with regulatory requirements.

Currently, processing transactions with collateral on derivatives is carried out centrally, which creates certain risks and difficulties. According to the creators of the platform, because of the growing number of participants in the derivatives market, this segment of the financial market needs new, more efficient solutions. The latter, in particular, should help to optimize the management of collateral, as well as the interaction of market participants located in different time zones.

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   83

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).