ECUREX, a digital finance marketplace for professional person traders together with fiscal institutions headquartered inward Zurich, announced that it has travel the start digital currency commutation platform to survive fully compliant amongst the Swiss Banking Act. ECUREX has also been the start digital currency commutation platform to survive compliant amongst the Swiss Anti-Money Laundering (AML) Act since Apr 2014.
Switzerland considers digital currencies such every bit bitcoin equivalent to whatever other unusual currency. This agency that the professional person functioning of Bitcoin trading platforms constitutes fiscal intermediation amongst the requirement to comply amongst both the Banking Act together with the AML Act.
“Switzerland belike has the most challenging regulatory environs for such a concern together with nosotros are thrilled to survive the start amongst a concern model that allows us to operate here,” said ECUREX CEO Paolo Tasca. “We retrieve a stable regulatory environs is non exclusively beneficial for us inward the long term, only also for our customers.”
The ECUREX trading organisation is non nevertheless operating, only the squad announced that this is the side past times side of import milestone. Within the side past times side iii to v years, the objective of ECUREX is to travel the leading European digital finance hub for professional person traders together with fiscal institutions interested inward digital currencies together with blockchain technologies.
“By observing the electrical flow tendency inward blockchain innovation, inward the nigh hereafter nosotros envision a landscape where this disruptive technology scientific discipline volition exercise to a greater extent than agile together with disintermediated fiscal together with economical systems,” Tasca said inward an interview amongst Bitcoin Magazine. “Blockchain technology scientific discipline volition dramatically transform our economical systems, together with our lodge inward general, into something really dissimilar to what nosotros accept got used to thinking almost inward the final few decades. The disrupting forcefulness of the blockchain technology scientific discipline volition hugely expand the utilization of digital currencies, because digital currencies together with blockchain technology scientific discipline are an indissoluble tuple.”
He added that inward the coming years banknotes, coins, checks together with credit cards volition all travel hugely inefficient together with volition survive replaced past times digital money, which is easier together with faster to process. According to recent studies, past times 2020 xc per centum of all payment transactions made inward the U.S.A. together with to a greater extent than than l per centum of those made inward Europe volition survive cashless.
Recently, the Kingdom of Denmark Central Bank declared that it volition survive discontinuing the printing of novel fiat inward 2016. Moreover, 45 per centum of 25-34 twelvemonth olds inward the U.S.A. tell they experience comfortable amongst the thought of using independently issued currencies.
At the minute at that spot are to a greater extent than than iv M privately issued currencies inward to a greater extent than than 35 countries, together with from 2009, when bitcoin was deployed inward the market, at that spot are at nowadays almost 500 dissimilar digital currencies.
“We glimpse a hereafter characterized past times the creation together with diffusion of ‘brand’ currencies that volition survive used inward closed-form environments every bit tools for internal rewarding, client loyalty programs or incentive together with governance schemes,” said Tasca. “ECUREX volition survive the unmarried marketplace where users volition at i time merchandise a massive make of online together with offline, centralized together with decentralized currencies cheaply together with instantly.”
The ECUREX platform targets primarily professional person traders together with fiscal institutions, together with provides professional person tools similar technical indicators for nautical chart analyses, the possibility to merchandise from charts, multiple drawing together with annotation tools, marketplace data, reports past times ECUREX Research, network data, cost together with trading news, together with catch Indices.
The destination of ECUREX Research, role of the New Finance European question consortium, is to hap innovating past times identifying the most of import trends inward nascent digital economies, only also to force boundaries on topics such every bit decentralized finance, economical networks, together with to a greater extent than oft than non to bear cutting-edge question at the border betwixt economic science together with complex systems that volition exercise goodness the community every bit a whole.
“At ECUREX Research, nosotros believe that applied together with fundamental question are complementary together with yield benefits for the company, the manufacture together with the world, together with nosotros accept a long-term vision for independently funded, transdisciplinary science,” said Tasca.
ECUREX volition distinguish itself from leading Bitcoin exchanges such every bit Bitstamp together with Coinbase because instead of focusing exclusively on bitcoin, ECUREX volition let users to merchandise inward real-time together with high-frequency dissimilar pairs of crypto-to-crypto together with crypto-to-fiat.
“At the minute at that spot be almost 500 dissimilar digital currencies,” said Tasca. “The digital currency marketplace is together with thus immature that nosotros welcome a Hayek’s government of competitive monies where inward the coming few years dissimilar digital currency protocols volition co-exist to serve dissimilar needs. This is why nosotros catch ourselves every bit a digital finance marketplace, together with non a bitcoin-restricted exchange.”
Photo Rob Pongsajapan / CC BY 2.0