Indian exchange CoinDCX cements crypto educational agenda

Indian exchange CoinDCX cements crypto educational agenda

indian-exchange-coindcx-cements-crypto-educational-agenda

Crypto exchange CoinDCX announces two new professional training courses for cryptocurrency traders and experts.

Despite concerns about possible anti-crypto legislation in the near future, Indian crypto firms are rolling out educational programs and professional training for the crypto-curious. 

Cryptocurrency exchange CoinDCX announced on Sept. 2 that it will be integrating into an online training and blockchain certifications course run by an organization called Blockchain Council. 

Two specialized courses in cryptocurrency training and expertise will be offered through the new partnership. These will extend CoinDCX’s existing educational platform, “DCX Learn” and will offer trainees practice sessions using the exchange’s interface for simulated trading experience.

The new trading and cryptocurrency expertise courses will complement the Blockchain Council’s existing certifications in blockchain technology, Bitcoin, Ethereum and Hyperledger. 

In a statement, Blockchain Council’s executive director, Toshendra Sharma, said that the organization’s curricula aim to be “industry-oriented and career focussed.” 

Sharma believes that the partnership with a cryptocurrency exchange will ensure that the training on offer is “realistic and up-to-date” with the latest developments in the field.

According to CoinDCX, the highest demand for professionals in the cryptocurrency in the field is concentrated in Bengaluru, in the southern state of Karnataka.

The educational program extends the exchange’s commitment to heightening awareness and broadening adoption of cryptocurrencies in the country; in March, CoinDCX had allocated $1.3 million to a long-term project dubbed TryCrypto. 

The initiative’s goal is to introduce 50 million Indian users to the cryptocurrency and blockchain sector.  

In the first half of 2020, the exchange had closed a $3 million Series A round with funding from Bain Capital, as well as securing $2.5 million in strategic investment from Coinbase and Polychain Capital.

This climate of investment and optimism tallies with the Indian Supreme Court repeal of a ban on banks’ dealings with crypto firms this March, which had been in force since July 2018. 

While the repeal sparked a boom in exchanges and user interest, the crypto regulatory and legal climate remains uncertain, as authorities reportedly mull alternative frameworks to restrict the trading of digital assets.

The post Indian exchange CoinDCX cements crypto educational agenda appeared first on BTC Ethereum Crypto Currency Blog.

Source: cryptomoneyteam.co

Author: By TeamMMG


Apex Crypto News - Indian exchange CoinDCX cements crypto educational agenda

Apex Crypto News – Indian exchange CoinDCX cements crypto educational agenda

Despite concerns about possible anti-crypto legislation in the near future, Indian crypto firms are rolling out educational programs and professional training for the crypto-curious. 

Cryptocurrency exchange CoinDCX announced on Sept. 2 that it will be integrating into an online training and blockchain certifications course run by an organization called Blockchain Council. 

Two specialized courses in cryptocurrency training and expertise will be offered through the new partnership. These will extend CoinDCX’s existing educational platform, “DCX Learn” and will offer trainees practice sessions using the exchange’s interface for simulated trading experience.

The new trading and cryptocurrency expertise courses will complement the Blockchain Council’s existing certifications in blockchain technology, Bitcoin, Ethereum and Hyperledger. 

In a statement, Blockchain Council’s executive director, Toshendra Sharma, said that the organization’s curricula aim to be “industry-oriented and career focussed.” 

Sharma believes that the partnership with a cryptocurrency exchange will ensure that the training on offer is “realistic and up-to-date” with the latest developments in the field.

According to CoinDCX, the highest demand for professionals in the cryptocurrency in the field is concentrated in Bengaluru, in the southern state of Karnataka.

The educational program extends the exchange’s commitment to heightening awareness and broadening adoption of cryptocurrencies in the country; in March, CoinDCX had allocated $1.3 million to a long-term project dubbed TryCrypto. 

The initiative’s goal is to introduce 50 million Indian users to the cryptocurrency and blockchain sector.  

In the first half of 2020, the exchange had closed a $3 million Series A round with funding from Bain Capital, as well as securing $2.5 million in strategic investment from Coinbase and Polychain Capital.

This climate of investment and optimism tallies with the Indian Supreme Court repeal of a ban on banks’ dealings with crypto firms this March, which had been in force since July 2018. 

While the repeal sparked a boom in exchanges and user interest, the crypto regulatory and legal climate remains uncertain, as authorities reportedly mull alternative frameworks to restrict the trading of digital assets.

Source: apexcryptonews.com


Regulated VS Unregulated Crypto Exchanges in Malaysia

Regulated VS Unregulated Crypto Exchanges in Malaysia

Have you ever wondered? What are the differences between a regulated and an unregulated cryptocurrency exchange?

Cryptocurrency exchanges are platforms that allow users to trade, buy, sell, or participate in other services offered by the platform. 

Which is regulated and unregulated?

The legal tender of a cryptocurrency and the authorization to operate an exchange is two separate matter.

In some countries, Japan, for example, considered Bitcoin as a legal tender and allow exchanges to operate by registering with the Japanese Financial Services Agency.

However, in the United States of America (US), Bitcoin is not a legal tender, but some states allow exchanges to operate legally.

Mostly, a cryptocurrency exchange needs to get approval from the country’s government regulatory body. 

What future awaits cryptocurrencies?
GOODBAD

As for Malaysia, there are three cryptocurrency exchanges approved by the Securities Commission Malaysia (SC). Luno, Sinegy, and Tokenize are authorized to operate as a Digital Asset Exchanges (DAX) to date in the country.

Users can check the full list here. 

Malaysians can buy, sell, and store cryptocurrencies such as Bitcoin, Litecoin, and XRP legally using these exchanges. Other exchanges apart from the three are considered unregulated in Malaysia.

Which is better?

Which is better is not the real question because each exchange offers different user experiences and services. In terms of comparing regulated and unregulated, the main focus is the security of the users’ investment.

If a user is engaging with unregulated exchanges, the risks involved scams, loss of funds, ineligible for legal assistance, and can be prosecuted for being an accomplice. 

In Malaysia, SC can take action on illegal exchanges and if found guilty, a fine not more than RM 10 million or not more than ten years of prison, or both.

Explore digital assets smartly!

While there are other popular cryptocurrency exchanges available, users must understand the risks and be fully responsible for making investments decision.

Always do your own research and check with the regulatory body on which cryptocurrency exchanges you want to invest in.

Have you invested in any digital assets by now?

Join our newsletter & be the first to receive interesting offers & updates about crypto community.

Jumali Lumri

A writer, hustler, believer in continuous learning, and believer in creativity can change the world for the better. In Techcryption, Jumali is the Broadcast News Analyst for Bahasa Malaysia and English, covering the 4.0 Industry.

Source: www.techcryption.com

Author: September 1, 2020 12:21 PM


Shyft Network & exchange partners launch the Veriscope Governance Task Force

Shyft Network & exchange partners launch the Veriscope Governance Task Force

Shyft Network, along with its existing partners, has collaborated with global exchanges like Tether, Bitfinex, Unocoin, Paycase Financial, CoinHako, Huobi Global, and TokoCrypto to launch the Veriscope Governance Task Force. Veriscope (Verified Shyft Compliant Optimized Participant Exchange) was launched by the Shyft Network in July this year to develop a global compliance model.

In June last year, the Financial Action Task Force (FATF) had issued guidelines demanding virtual asset service providers (VAPS) to share Know-your-customer (KYC) and Personal Identifiable Information (PII) information between a transaction originator and the beneficiary simultaneously with the transaction in a secure manner. 

What is Veriscope?

Veriscope is a decentralized compliance framework and a smart-contract platform for digital asset service providers. It is a blockchain-based solution for global compliance standards, such as the FATF’s Travel Rule guidance. Veriscope allows various VASPs to discover each other on the platform. Furthermore, it enables these entities to comply with AML and KYC regulations, while safeguarding users’ privacy and data without depending on a centralized registry system.

The co-founder of Shyft Network, Joseph Weinberg, said that it is vital for digital asset service providers to maintain user privacy and decentralization while helping regulators seek comfort in knowing how the ecosystem operates. According to Weinberg, the Veriscope Governance Task Force will work as a group to run implementations, make decisions, and give valuable insights into how cryptocurrency firms can build regulatory requirements that mitigate risk.

What is Shyft Network?

Shyft Network is a blockchain platform that embeds validation and trust into information stored on private and public ecosystems in addition to permissioned and permissionless networks. Shyft intends to build the world’s first digital identity ecosystem, facilitating KYC/AML attested data transfers. 

Based on the proof-of-work model, Shyft Network uses the SHFT gas token to carry out transactions on its network. By tracking user interactions, Shyft also provides its stakeholders with network reputation scores. The network is well-connected with several global regulators to let its participants be compliant with multiple policies across the border. 

More about the Veriscope Governance Task Force 

The Veriscope Governance Task Force will develop the initial rules of engagement, onboarding, coalition-building, and data discoverability. On behalf of the global virtual asset ecosystem, the task force will work together to ensure coordination around interoperability.

Moreover, the Veriscope Governance Task Force is chaired by the former Executive Secretary of the FATF – Rick McDonell and Josee Nadeau, the former Head of the Canadian delegation at the FATF. A few other notable members of the task force include:

  • Peter Warrick – Bitfinex’s Chief Compliance Officer
  • Leonardo Real – the CCO of Tether
  • Jonathan NG – the chief anti-money laundering officer of Huobi global.
  • Business entities and exchanges belonging to the task force, like Huobi Global, Bitfinex, Unocoin, will act as the first group of data custodians on the Shyft Network. The task force members will also act as a response team to several policymakers and international solution providers who are working to enforce travel rule systems across the globe.

    Source: www.cryptoninjas.net


    Seoul police reportedly investigating South Korea's largest crypto exchange Bithumb

    Seoul police reportedly investigating South Korea’s largest crypto exchange Bithumb

    Seoul police have reportedly raided Bithumb, the largest cryptocurrency exchange in South Korea.

    According to a report by local publication Seoul Shinmun, an intelligence crime unit at the Seoul Metropolitan Police Agency has reportedly conducted search and seizure investigations at Bithumb’s office in the Gangnam District on Sept. 2.

    As reported, the latest checks are purportedly connected with an ongoing police investigation involving Lee Jung Hoon, chairman of board at Bithumb Korea and Bithumb Holdings.

    The executive has reportedly been under investigation for alleged economic fraud involving the token known as BXA. The token was purportedly promoted as Bithumb’s native token that eventually turned out to be involved in high scale fraud that caused investor damages of 30 billion won ($25 million).

    Bithumb did not immediately respond to Cointelegraph’s request to confirm the news. This article will be updated pending new information from the exchange.

    Bithumb is South Korea’s largest cryptocurrency exchange and the ninth-largest crypto exchange by average daily trading volume globally. As reported in June 2020, the company is allegedly planning to hold an initial public offering.

    Bithumb is not the only crypto exchange in South Korea that came under the spotlight of Seoul police recently. In late August, the Seoul Metropolitan Police Agency reportedly raided and seized the operations of Coinbit, the country’s third-largest cryptocurrency exchange. The exchange is allegedly involved in generating an income of $85 million from market manipulation.

    Source: www.bitcoindoorway.com

    Author: by admin


    Indian exchange CoinDCX cements crypto educational agenda


    Previous
    Cryptocurrency exchangesFormer Co-Head of Hong Kong IPO Appraisal Joins Crypto Company
    Next
    Cryptocurrency exchangesCombatting the ‘Death Note’-inspired ransomware
    Did the article help? Rate it
    1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
    Loading...
    Add comment

    Get Awesome Reviews

    Coins, exchanges, wallets, crypto games, crypto cards.
    Search for reviews and share your own experience.

    GO TO REVAIN