Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan. 

According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones. 

The planned exchange will trade in tokenized real estate, and Tokai Tokyo, Hash Dash and ICHX TECH will explore this sector by digitizing Japanese real estate and trade it at iSTOX, a digital security exchange in Singapore it has invested in. They are also exploring digitizing IPs and corporate bonds.

Tokai Tokyo hopes to connect its planned Japanese exchange with iSTOX so that investors can buy and sell digitized assets at either exchange seamlessly, making it possible for Japanese corporations to raise money at the exchange in Singapore. 

Last December, Tokai Tokyo invested 500 million yen (about $4.7 million) in Huobi Japan, a licensed crypto exchange in Japan. The plan was to start Initial Exchange Offering (IEO) to help corporations raise money. The company was also considering trading some community currencies at Huobi’s IEO. 

In March, Tokai Tokyo became a member of Japan Security Token Offering Association, a self-regulatory organization for STO.

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Source: www.cryptobitnews.co.uk


KuCoin P2P Fiat Market Now Supports Crypto Purchase Through PayPal USD Payments

KuCoin P2P Fiat Market Now Supports Crypto Purchase Through PayPal USD Payments

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The IDG-backed KuCoin crypto exchange platform has added support for another payment option on its P2P Fiat Market. Starting June 24, 2020, the platform’s users can now purchase leading cryptocurrencies like BTC, ETH, and USDT with US Dollars (USD) through PayPal. The inclusion of USD support adds to the number of fiat payment options available on KuCoin’s P2P Fiat Market place which so far included Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND) and Canadian Dollar (CAD).

Being a widely recognized international currency, the US Dollar is one of the mainstream and important fiat currencies in the world. It also makes up for the majority of crypto-related transactions. According to the latest data compiled by Coinhills, over 63.21% of transactions between fiat and Bitcoin across the world happens in US Dollar. The inclusion of USD option in KuCoin P2P Fiat Market will now add to the convenience of its users by enabling more people to buy crypto, thereby further promoting the mass adoption of cryptocurrencies and their underlying blockchain technology.

KuCoin Global CEO Johnny Lyu stated: “As one of the most globalized cryptocurrency exchanges, KuCoin has been expanding its fiat gateways. Now, our P2P Fiat Market supports Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD), and US Dollar (USD), the 5 mainstream fiat currencies. We also support 50 fiat currencies like EUR and AUD through our partnerships with Simplex, Banxa and PayMIR. In the future, we will continue to further our work towards globalization, enabling more users worldwide to enjoy the services we provide here at KuCoin, ultimately helping more users enter the crypto world.

The latest announcement also coincides with the first-anniversary celebration of the KuCoin P2P Fiat Market. The platform is planning to launch a series of campaigns to promote the inclusion of USD payment support.

For more information, please refer to KuCoin’s announcement.

Source: www.newsbtc.com

Author: Guest Author


DigiDinar: The Middle Eastern Gateway to Cryptocurrencies

DigiDinar: The Middle Eastern Gateway to Cryptocurrencies

The Middle Eastern cryptocurrency market has an emerging player in the form of DigiDinar. Based out of Kuwait, DigiDinar is one of the few cryptocurrency exchanges in the region to offer real-time trading solutions to the global audience. Operated by DigiDinar Technologies Kuwait, it is a regulated platform with a technology and brokerage license issued by the country’s Ministry of Commerce and Industry.

Started in February 2019 by Mr. Ali Ahmad along with blockchain and financial experts, the DigiDinar project has come a long way to offer a trading experience that is on par with most of the cryptocurrency exchanges and trading platforms out there. Supporting over 18 different cryptocurrencies, the platform currently offers over 47 crypto-crypto and crypto-fiat trading pairs, with more to be added soon. It sports a robust matching engine capable of supporting 1,400,000 orders/second, making it one of the fastest exchanges in the world.

Some of the cryptocurrencies listed on DigiDinar platform include BTC, LTC, ETH, USDT, BNB, USDC, DDR, DDRT, OMG, PAX and more. It also supports credit and debit card payments along with instant local and international bank transfers, which adds to the convenience of DigiDinar users. Except for international bank transfer, deposits and withdrawals from other payment modes are processed almost immediately. However, the local bank transfers may take anywhere between one to two hours to reflect in the respective accounts.

The team behind DigiDinar is constantly innovating to bring new features and updates to its userbase so that they can have a flawless trading experience. The platform is available in both English and Arabic languages, and also has its own DDRT (DigiDinar Token) which can be traded on the platform for now. DDRT is an ERC20 utility token designed for use within the DigiDinar ecosystem. The company has also created a full-fledged Zerocoin based open-source altcoin named Digidinar (DDR) which is based on anonymous proof of stake protocol. DDR is gaining popularity in the region as a privacy-centric cryptocurrency with near-instant, full-time private transactions, fair governance, and community intelligence.

DigiDinar has a simplified registration process for new users. However, being a regulated platform, it requires users to furnish some personal information in compliance with the mandated AML and KYC policies. In order to encourage cryptocurrency usage among the community, DigiDinar has completely waived off the trading fee on its platform until January 1, 2021.

The platform has plans to roll out spot trading, margin trading, futures, and decentralized exchange features over the next couple of years.

DigiDinar Technologies Kuwait also operates a P2P cryptocurrency exchange by the name LocalDigiDinar, where users can connect with each other to trade cryptocurrencies directly.

What cryptocurrency will become the main one in a year?
BitcoinEthereum

Source: cryptomoneyteam.co

Author: By TeamMMG


Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan. 

According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones. 

The planned exchange will trade in tokenized real estate, and Tokai Tokyo, Hash Dash and ICHX TECH will explore this sector by digitizing Japanese real estate and trade it at iSTOX, a digital security exchange in Singapore it has invested in. They are also exploring digitizing IPs and corporate bonds.

Tokai Tokyo hopes to connect its planned Japanese exchange with iSTOX so that investors can buy and sell digitized assets at either exchange seamlessly, making it possible for Japanese corporations to raise money at the exchange in Singapore. 

Last December, Tokai Tokyo invested 500 million yen (about $4.7 million) in Huobi Japan, a licensed crypto exchange in Japan. The plan was to start Initial Exchange Offering (IEO) to help corporations raise money. The company was also considering trading some community currencies at Huobi’s IEO. 

In March, Tokai Tokyo became a member of Japan Security Token Offering Association, a self-regulatory organization for STO.

Source: www.bit-cointalk.com


Major Japanese Firm Reveals Plans for a Digital Securities Exchange


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