Canada: Cryptocurrencies Need Regulation to Prevent Money Laundering 3321

Canadian House finance committee wants the government to dramatically change the way it regulates cryptocurrencies to prevent their use in money laundering.

A cryptocurrency like Bitcoin is a form of electronic cash that’s become increasingly popular for making secure online transactions. Cryptocurrencies are attractive to money launderers because they’re generally anonymous and difficult to trace.

The committee is recommending how the government should regulate cryptocurrencies as part of its review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which at least one parliamentary committee is required to undertake every five years. The committee held 18 meetings for the purpose of the review, which it started in February. More than 70 expert witnesses from the field of finance contributed to it.

The committee recommended three significant ways the government should monitor cryptocurrencies.

First, it said exchanges when cryptocurrency is converted from fiat currency should be regulated. (Fiat currency is legal tender, such as the Canadian dollar.) In so doing, the entity conducting the exchange is considered a money-service business. In Canada, such businesses must follow strict financial-reporting guidelines in compliance with the PCMLTFA. The committee’s suggestion aligns with the department of Finance’s proposed amendments to the PCMLTFA, which were published in the Canada Gazette in June.

Second, the committee recommends that cryptocurrency exchanges require a licence, something other jurisdictions such as New York state have already done. In the witness-testimonials part of the report, the committee cites suggestions by financial adviser IJW & Co. and law firm Durand Morisseau LLP, both of which submitted a hefty 56-page joint brief.

“They further explained that in the absence of some degree of regulatory oversight, cryptocurrency transactions may be used by parties to swiftly move large amounts of wealth across borders, and that regulating (exchanges of fiat currencies for cryptocurrencies) would address the (anti-money-laundering) concerns of the cryptocurrency space,” says the report.

The committee’s final recommendation is that government should regulate crypto-wallets, which hold cryptocurrencies, so suspicious purchases can be traced more easily and police can track hacking or financial crime.

While the suggested changes are a small part of the committee’s review of the PCMLTFA, the government is required to table a response to the committee’s recommendations in the House of Commons within 120 days.

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ANTO Embarks on a Journey, Initiating a New Era in Cryptocurrency Asset Management 4468

ANTO International Asset Custody Platform is delighted to announce the upcoming global launch of its Exchange-Traded Fund (ETF) on April 16th, North American time. This milestone marks a significant step into the realm of digital asset investment. ANTO provides secure and robust digital asset investment services for global investors, aiming to create more opportunities for wealth growth.

As a legitimate and compliant digital asset management platform, ANTO was established in the United States, a country that has legalized cryptocurrencies. The platform has received authoritative certification from esteemed financial regulatory bodies in the United States and the United Kingdom, ensuring its legitimacy and credibility. ANTO adheres strictly to regulatory policies and laws to ensure the legality and compliance of its operations.

ANTO’s core team comprises experienced and highly skilled traders and strategy analysts with deep industry backgrounds and extensive investment experience. The team possesses core technologies to digitize Wall Street data intelligence and real-time trading, enabling ANTO to enter the field of cryptocurrency asset trading and provide investors with stable and efficient investment services.

ANTO offers investors diversified investment products and services, covering multiple areas such as digital currency funds, quantitative trading, and liquidity provision. The platform is committed to providing investors with secure, transparent, and high-yielding investment opportunities, catering to various needs and risk preferences.

Investors can enjoy the following premium services and support from ANTO:

  1. Diversified Investment Products: ANTO offers a variety of investment products and services, including liquidity investments, compound interest asset management products, and ETF investments, catering to the diverse needs and risk preferences of investors.
  2. Robust Investment Strategies: With a strong research team and technical team, ANTO is committed to developing and implementing innovative investment strategies and trading schemes, providing investors with stable and efficient investment services.
  3. Security and Compliance Assurance: ANTO strictly adheres to regulatory policies and laws to protect the legitimate rights and interests of investors and ensure the safety and compliance of platform operations.
  4. Continuous Innovation and Development: ANTO is dedicated to continuous innovation and development, constantly improving the quality and level of investment products and services, creating more value and returns for investors.

Three major product lines of ANTO, each with unique advantages and professional strengths:

1. Liquidity Investment: Stable Appreciation, Worry-Free Investment

ANTO’s liquidity investment system is an efficient capital management solution designed to provide investors with safe and reliable asset appreciation avenues. With a professional investment team and advanced risk management models, ANTO achieves stable appreciation through optimized portfolios and strict risk control measures. Investors can choose different investment periods and returns, enjoying daily investment returns of 0.12%-0.5% and easily withdrawing principal and interest at contract maturity.

2. Compound Asset Management Products: Continuous Returns, Wealth Multiplication

ANTO’s compound asset package product is a unique wealth appreciation solution that achieves continuous asset appreciation through continuous reinvestment. The platform carefully selects high-potential digital assets and invests with daily returns of 0.45%-0.7%, allowing investors’ wealth to multiply under the compound effect. Investors can choose different investment amounts and returns according to their needs, enjoying continuous returns and substantial profits upon fund exit.

3. ETF Warranted Financial Management: Diversified Allocation, Easy Investment

ANTO’s exchange-traded fund (ETF), with the right to equality of the share of income, is symbolized by AE. AE represents the equity of users based on ANTO ETF trading and holding a variety of encrypted digital assets. By pledging the AE warrants for financial management, investors can easily achieve asset allocation without complex operations, investing without worry. Holding AE, investors can enjoy returns from market appreciation and choose different financial management periods, earning daily returns of up to 1.5%.

ANTO believes that with its services and support, investors will be able to achieve their financial goals and embark on a new era of digital asset investment. Let us join hands and witness the splendid future of digital asset investment together!

Unveiling the Future of Trading: A Comprehensive Evaluation of ask2bid.net 4816

In the fast-paced world of trading, staying ahead of the curve often hinges on accessing timely and accurate signals. Enter ask2bid.net, a trailblazing platform powered by cutting-edge AI systems that revolutionize the way traders navigate the markets. With its sophisticated signal generation capabilities and comprehensive market coverage, ask2bid.net emerges as a game-changer in the trading landscape.

Unrivaled Signal Accuracy

At the core of ask2bid.net’s prowess lies its AI-driven signal system, renowned for its unrivaled accuracy and reliability. Leveraging advanced algorithms and machine learning technologies, the platform analyzes vast volumes of market data in real-time to identify lucrative trading opportunities across a diverse range of assets.

Forex

The AI system employed by ask2bid.net meticulously scans over 40 major, minor, and exotic currency pairs, providing traders with precise signals to capitalize on forex market movements. Whether it’s detecting trend reversals or spotting breakout opportunities, the platform’s AI-driven signals empower traders to navigate the complexities of the forex market with confidence.

Indices

For index traders, ask2bid.net’s AI system offers invaluable insights into 15 of the most prominent global indices as Contracts for Difference (CFDs). By identifying key market trends and patterns, the platform equips traders with actionable signals to optimize their trading strategies and seize opportunities in global markets.

Stocks

With coverage of high-profile asset classes, ask2bid.net’s AI system enables traders to make informed decisions in the stock market. By analyzing company fundamentals, market sentiment, and technical indicators, the platform delivers targeted signals that empower traders to capitalize on stock market dynamics with precision.

Metals

In the realm of metals trading, ask2bid.net’s AI system provides a strategic edge by detecting patterns and trends in precious commodities like Gold and Silver. By generating timely signals based on market volatility and macroeconomic factors, the platform empowers traders to navigate the metals market with confidence and agility.

Cryptocurrencies

In the burgeoning cryptocurrency market, ask2bid.net’s AI system shines as a beacon of insight and opportunity. By monitoring price movements, market sentiment, and blockchain data, the platform delivers accurate signals for digital assets like Bitcoin, Ethereum, and Ripple, enabling traders to capitalize on the volatility of cryptocurrencies.

Energies

Complementing its diverse asset offerings, ask2bid.net’s AI system extends its reach to energy markets, including Brent Crude Oil, WTI, Natural Gas, and Coal. By analyzing supply-demand dynamics and geopolitical developments, the platform delivers strategic signals that empower traders to navigate energy commodities with confidence.

Integration for Seamless Trading

Beyond its AI-driven signal capabilities, ask2bid.net seamlessly integrates essential trading tools, market data, and conversion features within a unified platform. This convergence of resources enhances traders’ ability to act swiftly on signals, maximizing their potential for profit in dynamic markets.

Conclusion

In the era of AI-driven trading, ask2bid.net stands at the forefront of innovation and excellence. With its unparalleled signal accuracy, comprehensive market coverage, and seamless integration, the platform empowers traders to navigate the complexities of the financial markets with confidence and precision. Whether a seasoned trader or a newcomer to the world of trading, ask2bid.net offers a compelling proposition: the power to harness AI-driven signals for unparalleled success in trading.

Website: https://ask2bid.net
Facebook: https://web.facebook.com/people/Ask2bid-review/61557537878793/
Linkedin: https://www.linkedin.com/company/ask2bid/

SquaredFinancial trading mobile app’s enhanced version now available 5943

Industry-leading FinTech firm, SquaredFinancial, launches the latest version of its all-in-one mobile application. This next-generation platform aims at empowering investors to trade anytime, wherever they go, and offers them a client-focused seamless and cross-channel experience. The SquaredFinancial mobile app is available on Android and iOS devices, and users can download it for free on Apple Store and Google Play Store.

Since its inception in 2005 and with nearly two decades of expertise in the fintech industry, SquaredFinancial has banked on technology to offer quality service to its clients from different backgrounds. Users interested in investment and trading can utilize the latest SquaredFinancial app to access a wide range of services and products. The app’s intuitive user interface and navigation make online trading simple and accessible for the average retail investor. This comprehensive approach enables the client to manage his trading account, Visa card wallet and portfolio, and funds transfers, all in one app.

About SquaredFinancial

SquaredFinancial is a well-capitalized FinTech firm founded in 2005. It aims at becoming a one-stop shop that meets investors’ financial needs. With around two decades of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds who are looking for an intuitive and sophisticated investment gateway. It is led by market experts and leadership veterans who share a passion for trading and a vision to reshape the industry landscape. As a regulated firm, it provides investors with an online platform backed by cutting-edge technology that offers the opportunity to trade a wide range of instruments from different asset classes. SquaredFinancial has recently launched its proprietary mobile trading app and its innovative fixed-time deposit account.

Frontier Leadership: How a Rising Layer 0 Platform, Vitreus, Revolutionizes Business with Blockchain and AI 5976

Collaborative Digital Innovations (CDI), a Florida-based Regulatory Technology (RegTech) company makes waves revealing they will be using the Vitreus platform, a budding Layer 0 blockchain, to power their flagship product, COMPLiQ. This is an incredible milestone for both parties as this relationship represents opportunities for convergence between RegTech and blockchain solutions, offering a transformative approach to Artificial Intelligence (AI) governance, compliance, and cybersecurity.

COMPLiQ: AI Governance & Compliance

COMPLiQ, developed by CDI, operates atop the Vitreus platform. This revolutionary AI Governance & Logging solution, the first of its kind, is designed to address the challenges inherent in leveraging AI technologies amidst a booming market and an evolving compliance landscape. By leveraging blockchain, COMPLiQ provides unprecedented transparency, traceability, and unity across AI systems, aligning with the stringent requirements of regulatory frameworks like the European Union’s Artificial Intelligence Act and the Securities and Exchange Commission’s (SEC) Cybersecurity Disclosure Rule. Coupled with its partner product, Intercept, these products not only introduce a way to understand your AI systems, but also enables you to rapidly note and assess materiality of traditional and non-traditional cybersecurity occurrences within your organization. Together these products represent a compounding effect of technology simplification for businesses.

In keeping with evolving compliance requirements, with CDI’s products, you stand to shield business from the mounting penalties which could reach up to 7% of global turnover for non-compliance within the EU’s landmark AI Act. Not only does CDI’s solution leverage blockchain technology to conquer distributed system harmonization, immutable logging and data collation, they also optimize a niche within the current technology market.

Vitreus: The Foundation for Next-Gen Technology

Vitreus emerges as a Layer 0 blockchain platform designed to support and cultivate progressive technology solutions in fields such as Industry 4.0, AI, Cybersecurity & Identity. As a new platform, Vitreus offers significant cost opportunities for emerging technologies, providing a cost-effective, secure by design, and reliable decentralized computing network. As seen by CDI’s product suite, Vitreus is more than just a smart contract or finance ledger. This distributed ledger technology stands to be a real-world technology platform, designed to integrate with and handle the complexity of transitions from the old to the new. While still nascent, yet available, the Vitreus ecosystem is poised to challenge the norms of blockchain platforms, geared not just towards finance, but also towards compliance, security and other progressive technologies.

Vitreus’ architecture supports the concept of Parallel Chains, introduced by Polkadot in 2017, to support the holistic compartmentalization of functions and features within a distributed computing environment. Not only is Vitreus highly scalable, it also supports entirely sovereign entities with its shared security model, allowing progressive builders to leverage the platform with their own solutions, catalyzing growth with this symbiotic relationship. Vitreus also introduces a unique dual asset system that powers the ecosystem in a manner that is not only user and business friendly, but also opens the door for cost savings and compliance adherence.

A Partnership Poised to Transform the Digital Landscape

The partnership between CDI and Vitreus marks a significant milestone in the integration of traditional software development with blockchain’s value additions and opportunities. This collaboration addresses the urgent need for securing business keen on leveraging AI/ML models against increasing threats and regulations, and paves the way for cost-efficient, transparent, and compliant deployment of AI technologies across complex system disparity.

As rules for AI get more complex, platforms like COMPLiQ and Vitreus become essential. They help organizations follow these rules while making the most of AI and blockchain technologies. These platforms provide a key benefit for businesses that want to meet regulatory demands and use AI’s groundbreaking potential.

Organizations looking to dive into blockchain through Vitreus, or simplify AI projects and cybersecurity reports, will find the CDI-Vitreus partnership very helpful. Learn how these platforms can boost your business in today’s digital and regulatory landscape by checking out their websites.

Marine Moguls by MetFi $5.9 Million ERC-404 Airdrop Making Early Waves 5616

This groundbreaking initiative, leveraging the innovative ERC-404 protocol, is not only redefining the landscape of token and NFT distribution but also setting new records for engagement and community growth.

A Tsunami of Participation and Engagement

Since its launch, the Marine Moguls airdrop has seen a surge in activity, with thousands of enthusiasts joining the campaign, eager to be part of this unique opportunity. The promise of sharing 30% of $MOGULS among all airdrop participants has fueled an unprecedented level of interest, demonstrating the crypto community’s robust appetite for innovative and rewarding projects.

MetFi’s social media channels have been at the forefront of this tidal wave of enthusiasm, witnessing an extraordinary increase in user engagement — up to 17,000% in some cases. The growth in new followers and subscribers has been equally impressive, with some channels experiencing over a 100% increase in a few short weeks. This spike in engagement is a testament to the community’s excitement and support for the Marine Moguls project.

There’s Still Time to Dive In

With the airdrop running until May 21, 2024, there’s still ample opportunity for interested participants to join the campaign and secure their free $MOGUL tokens and NFTs. This initiative not only offers an accessible entry into the world of NFTs and tokens but also exemplifies the potential of blockchain technology to create engaging and inclusive community experiences.

Distribution and Innovation: The Heart of Marine Moguls

At the core of the Marine Moguls campaign is the innovative ERC-404 protocol, a pioneering technology that merges the best features of fungible ERC-20 and non-fungible tokens ERC-721 into a single ERC-404 smart contract thereby creating a seamless experience. This protocol ensures that NFT owners enjoy instant NFT liquidity and fractional ownership of NFTs, encapsulating the best of both worlds.

As previously announced, 3,000 Marine Mogul tokens and NFTs, representing 30% of the total supply, are being distributed through this airdrop. Participants generate points on the Marine Moguls Airdrop page, which will convert into $MOGUL tokens and NFTs at the Token Generation Event (TGE) scheduled for May 25, 2024. The campaign highlights the distribution of 2,500 NFTs with hidden prizes valued at ~$2.9 Million USDT and the allocation of 3,900 $MOGUL tokens to users who engage in staking, with the potential for high APY based on participation.

ERC-404: The Future of Token and NFT Interaction

The ERC-404 protocol’s dual nature facilitates a dynamic and fluid user experience, allowing for immediate liquidity of NFTs and fractional ownership of the Marine Moguls NFT collection. This innovative approach addresses common challenges in NFT trading, offering a more efficient and user-friendly model.

Looking Forward

As the Marine Moguls by MetFi campaign continues to make waves, it remains a beacon of innovation and community in the digital asset space. The enthusiasm and engagement from the community underscore the potential of inclusive, technologically advanced projects to shape the future of finance and digital collectibles.

To be part of this exciting journey, participants are encouraged to explore the Marine Moguls Airdrop campaign and join before the closing date on May 21, 2024. For more information, visit the Marine Moguls website and follow their social media channels for the latest updates.

About Marine Moguls by MetFi

Marine Moguls by MetFi represents a pioneering venture in the digital asset space, owned and powered by the visionary MetFi DAO. This innovative project is setting a new standard for the integration of technology and community in the blockchain arena. At its heart, Marine Moguls is not just a campaign but a revolution in how tokens and NFTs can coexist and complement each other through the cutting-edge ERC-404 protocol.

Designed to bridge the gap between the fungibility of tokens and the uniqueness of NFTs, Marine Moguls offers participants a unique opportunity to engage with the blockchain in a way that is both rewarding and revolutionary. The project’s commitment to instant NFT liquidity and fractional NFT ownership reflects a forward-thinking approach to digital assets, making it accessible and appealing to a broad audience.

By participating in the Marine Moguls by MetFi airdrop campaign, community members are not only part of an airdrop; they are at the forefront of an evolving ecosystem that challenges conventional notions of value and ownership in the digital age. Marine Moguls is a testament to MetFi’s innovative spirit and dedication to creating a more inclusive, dynamic, and valuable digital future for all.

Social Media Links

Website: https://marinemoguls.com
Telegram Chat: https://t.me/MetFiChat
Telegram News: https://t.me/MetfiNews
Discord: https://discord.gg/MetFiDAO
YouTube: https://www.youtube.com/@MetFiDAO
TikTok: https://www.tiktok.com/@Metfidao.Official
Certik: https://skynet.certik.com/projects/metfi
Medium: https://medium.com/@MetFi_DAO
LinkedIn: https://www.linkedin.com/company/MetfiOfficial
GitHub: https://github.com/metfi
CoinMarketCap: https://coinmarketcap.com/currencies/metfi2
CoinGecko: https://www.coingecko.com/en/coins/metfi
Instagram: https://instagram.com/metfidao

Waterfall Network Launches New Desktop App for Windows and macOS 5611

Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.

Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.

“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”

The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.

The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.

To download the new Waterfall Network desktop app or for more information, please visit https://waterfall.network/.

About Waterfall Network

Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.

Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.