Octanox to Release Android and iOS Wallets

Octanox announced that Android and iOS versions of the Wallets will be released on February 15, 2018 at 8:00PM Pacific Time
13 February 2018   77

Octanox is a decentralized and low transaction cost payment system based on Waves token which provides virtual economy infrastructure. It is focused on virtual platforms that would be used for virtual activities, and aims to become a revolutionary new way of making transactions online.

In the beginning of February Octanox announced that the development of Android and iOS versions of the Wallets is in progress, and the new Wallet Applications will be released on February 15, 2018 at 8:00PM Pacific Time.

Octanox Android and ios wallets announcementOctanox Android and iOS Wallet announcement

Octanox already has a web version of the wallet, which is easy to use with its intuitive graphic interface. What is more, developers team has designed Octanox to be used in all Android devices.

Octanox Wallets Preview
Octanox Wallet Preview

Moreover, the Octanox Team was in charge of designing the Octanox Multiplatform Wallet, compatible with iOS, which will also be released on February 15, 2018.

Octanox is currently trading at Waves DEX and HitBTC.

At the moment of press, these are main market parameters of OTX token:

Average price: $0,089756
Market cap: $762 929
24h volume: $3 763

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   55

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.