What is the exchange rate of GBP (British Pound Sterling) / USD (US Dollar) on Wednesday August 19, 2020

What is the exchange rate of GBP (British Pound Sterling) / USD (US Dollar) on Wednesday August 19, 2020

GBP USD exchange rate

Ready for the mid-market exchange rate of GBP (British Pound Sterling) / USD (US Dollar) for Wednesday August 19, 2020?

The current rates for GBP (British Pound Sterling) / USD (US Dollar) are available in this article. As a top finance news site the Born2Invest team has analysed the latest forex market data to bring you live information that enables you to make the right forex trading call every day.

Wednesday August 19, 2020 1 GBP (British Pound Sterling) is 1.321135 of USD (US Dollar) .

Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.

Considering making a trade? Forex is one of the most volatile markets in the world and there are hundreds of currency combinations to choose from. Understanding how the market works is key and we’re here to help you.

Currencies are always traded in pairs. When you buy or sell one currency you automatically buy or sell another. In every currency pair there is a base currency, in this case GBP (British Pound Sterling) and a quote currency USD (US Dollar).

The price displayed for a currency pair represents the amount of quote currency, or USD (US Dollar) you will need to spend to purchase one unit of the base currency GBP (British Pound Sterling) In this example that means you need to spend 1.321135 of USD (US Dollar) in order to purchase 1 GBP (British Pound Sterling).

Forex pairs can be grouped into three main categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most commonly traded currencies on the market. Different publications will use different criteria but pretty much every list will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • ll Commodity currencies are currency pairs that are closely linked to commodities such as oil, iron ore, and coal. Common examples include AUD/USD and USD/CAD
  • Cross currencies include all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.

    It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.

    Source: born2invest.com


    Cryptocurrency exchange and custodian Gemini selects Eventus Systems as trade surveillance provider

    Cryptocurrency exchange and custodian Gemini selects Eventus Systems as trade surveillance provider

    Eventus continues growth in digital asset space as Validus platform leveraged by major crypto exchanges

    AUSTIN, Texas and NEW YORK, Aug. 19, 2020 /PRNewswire/ — Eventus Systems, Inc., a multi-award winning global trade surveillance and risk management software platform provider, announced today that Gemini Trust Company, LLC (Gemini), a leading cryptocurrency exchange and custodian, has selected Eventus’ Validus platform for the exchange’s new trade surveillance solution. The signing marks the sixth major exchange in the digital asset space to turn to Eventus for trade surveillance.

    (PRNewsfoto/Eventus Systems, Inc.)

    Gemini has adopted the cloud-based version of Validus on a T+1 basis for market surveillance that identifies a wide range of potential market manipulation behaviors.

    Gemini Chief Operating Officer Noah Perlman said: “The digital asset space is a constantly changing environment, and working with a solution that is tailored for our market needs, including built-in flexibility as the landscape evolves, is critical. Eventus has a great track record, and its solution combines strong machine-learning and automation capabilities alongside a high-touch support model.”

    Eventus CEO Travis Schwab said: “We are thrilled to provide our trade surveillance platform for one of the most established cryptocurrency exchanges on the market. In the past two years, we have significantly enhanced our capabilities in the digital asset place as more exchanges and market participants turn to us for our expertise in the area. As digital assets grow in popularity, it’s more important than ever that marketplaces like Gemini establish comprehensive trade surveillance programs and procedures to ensure they remain constantly vigilant to address any potential threats of market abuse.”

    Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through crypto. To learn more, visit https://gemini.com.

    About Eventus Systems

    Eventus Systems is a leading global provider of multi-asset class trade surveillance and market risk solutions. Its powerful, award-winning Validus platform is easy to deploy, customize and operate across equities, options, futures, foreign exchange (FX), fixed income and digital asset markets. Validus is proven in the most complex, high-volume and real-time environments of tier-1 banks, brokerages, futures commission merchants (FCMs), clearing firms, trading firms, market centers, buy-side institutions and corporates. The company’s rapidly growing client base of more than 60 firms relies on Validus and Eventus’ responsive support and product development teams to overcome its most pressing regulatory challenges. For more, visit www.eventussystems.com.

    Cision

    View original content to download multimedia:http://www.prnewswire.com/news-releases/cryptocurrency-exchange-and-custodian-gemini-selects-eventus-systems-as-trade-surveillance-provider-301114558.html

    SOURCE Eventus Systems

    Source: news.yahoo.com


    Another Crypto Exchange Is Dropping Privacy Coin Monero Over Compliance Risk – CoinDesk – BitCrypt

    Another Crypto Exchange Is Dropping Privacy Coin Monero Over Compliance Risk – CoinDesk – BitCrypt

    Source: bitcryptoconnect.com

    Author: By Bitcryptoconnect


    The Archax exchange obtains the FCA license

    The Archax exchange obtains the FCA license

    The Archax exchange has been licensed under the FCA and is the first digital asset trading platform to achieve such approval in the UK.

    In reality, Archax is not a real crypto exchange, but a system where to list and trade tokens, supported by blockchain, aimed mainly at institutional investors and companies. 

    This is a success for Archax, making it emerge as a regulated and credible exchange where digital assets can be traded. 

    The authorization now available to Archax allows it to cover three key areas:

  • MTF (multilateral trading facility) licenses, allowing the management of the first regulated market for digital securities based in London;
  • Custody authorizations, allowing for the provision of a regulatory compliant custody service for tokens and money;
  • Brokerage authorizations, allowing to operate with a wide range of participants. 
  • Archax asked for this authorization some time ago, to adapt to the new 5MLD anti-money laundering legislation. 

    Thanks to it, Archax will be able to expand its market towards SMEs and contribute to raising capital in a very innovative way: through tokenization. Archax’s intention is to facilitate the intermediation process and provide liquidity for those assets that are difficult to deploy in the traditional market. 

    David Lester, former Chief Strategy Officer of the London Stock Exchange Group and Archax’s consultant and non-executive director, commented: 

    “In the current global economic climate, providing new, efficient ways for small and medium sized businesses to access capital is key. Blockchain and tokenisation are innovations that can empower more frictionless and transparent markets which, combined with an FCA regulated exchange like Archax, can deliver what capital providers, business leaders and founders now really need”.

    The project is ambitious because:

    “The launch of the Archax exchange will help bring the institutional and digital asset communities closer together, and open up a new era for the global financial markets space”.

    Graham Rodford, CEO of Archax, explained that the path to obtaining the FCA license has not been easy at all: 

    “We have been talking to the FCA for a while and the application process has been a tough journey, but we are pleased to have now achieved our first significant milestone as we prepare to launch the UK’s first FCA regulated digital securities exchange later this year. Our technology partners are second to none, we have a pipeline of 35 digital issuances in place, and we are signing up global brokers and market makers ready for go-live. This is an exciting moment for Archax and a great step in the evolution and legitimacy of digital securities globally”.

    For the CEO, a revolution is in the making:

    “Digitally native assets are not just about new financial instruments. They will also revolutionise all existing traditional financial markets in time too. They bring huge efficiencies from activities happening ‘on chain’, which will particularly benefit the post-trade space”.

    Source: en.cryptonomist.ch

    Author: By Eleonora Spagnolo
    – 19 Aug 2020


    Legality of bitcoin by country or territory

    Legality of bitcoin by country or territory

  • Extension of the validity period of the special legal regime of the High-Tech Park until 1 January 2049, and expansion of the list of activities of resident companies. Under the new rules, developers of blockchain-based solutions, developers of machine learning systems based on artificial neural networks, companies from the medical and biotechnological industries, developers of unmanned vehicles, as well as software developers and publishers can become residents. The list of promising areas is unlimited and can be expanded by the decision of the High-Tech Park supervisory board.
  • Preservation of existing benefits for resident companies in the High-Tech Park, including the cancellation of the profit tax (instead of which a contribution of 1% of the gross revenues proceeding to the administration of the park is applied), reduced to 9% of the personal income tax rate for employees, and the right to contribute to the Social Protection Fund according to the national average figures, and not the actual salaries.
  • Exemption of foreign companies providing marketing, advertising, consulting and other services to the residents of the High-Tech Park from paying value-added tax, as well as paying income tax, which allows to promote IT products of Belarusian companies in foreign markets. To encourage investments, the Decree also exempts foreign companies from the tax on income from the alienation of shares, stakes in the authorized capital and shares in the property of residents of the High-Tech Park (under condition of continuous possession of at least 365 days).
  • Introduction of individual English law institutions for residents of the High-Tech Park, which will make it possible to conclude option contracts, convertible loanagreements, non-competition agreements with employees, agreements with responsibility for enticing employees, irrevocable powers of attorney and other documents common in international practice. This measure is aimed at simplifying the structuring of transactions with foreign capital.
  • Simplification of the regime of currency transactions for residents of the High-Tech Park, including the introduction of a notification procedure for currency transactions, the cancellation of the mandatory written form of foreign trade transactions, the introduction of confirmation of the conducted operations by primary documents drawn up unilaterally. Also, the decree removes restrictions on resident companies for transactions with electronic money and allows opening accounts in foreign banks and credit and financial organizations without obtaining permission from the National Bank of the Republic of Belarus.
  • Simplification of the procedure for recruiting qualified foreign specialists by resident companies of the High-Tech Park, including the abolition of the recruitment permit, the simplified procedure for obtaining a work permit, and the visa-free regime for the founders and employees of resident companies with a term of continuous stay of up to 180 days.[citation needed]
  • Source: en.wikipedia.org


    What is the exchange rate of EUR (Euro) / GBP (British Pound Sterling) on Wednesday August 19, 2020

    What is the exchange rate of EUR (Euro) / GBP (British Pound Sterling) on Wednesday August 19, 2020

    EUR GBP exchange rate

    Get the current mid-market rate for EUR (Euro) / GBP (British Pound Sterling) for Wednesday August 19, 2020 right here.

    The latest rates for EUR (Euro) / GBP (British Pound Sterling) are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest forex market data to bring you live information to help you make the best forex trading decisions every day.

    Wednesday August 19, 2020 1 EUR (Euro) is 0.90329 of GBP (British Pound Sterling) .

    Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.

    Forex trading is risky and complicated. There are countless pairs to choose from and it’s easy for a novice trader to become overwhelmed. Information is power and Born2Invest has curated some beginners forex trading tips to help you get started.

    Currency pairs are the foundation of forex trading. Whenever you purchase one currency you sell another. Every pair has a base currency, in this example EUR (Euro) and a quote currency, or GBP (British Pound Sterling).

    A currency pair represents how much quote currency, or GBP (British Pound Sterling), that needs to be spent in order to purchase one unit of EUR (Euro), the base currency. In the current example you would need to spend 0.90329 of GBP (British Pound Sterling) in order to purchase 1 EUR (Euro).

    Forex pairs can be grouped into three main categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most commonly traded currencies on the market. Different publications will use different criteria but pretty much every list will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • ll Commodity currencies are currency pairs that are closely linked to commodities such as oil, iron ore, and coal. Common examples include AUD/USD and USD/CAD
  • Cross currencies include all currency pairs that don’t include USD. Examples include EUR/GBP and EUR/JPY.
  • Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.

    It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.

    Source: born2invest.com


    What is the exchange rate of GBP (British Pound Sterling) / USD (US Dollar) on Wednesday August 19, 2020


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