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Paribus Embracing DAO transition.

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Time Stamp: December 22, 2023 3:09 PM - Modified On: December 22, 2023 - Published By:
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Republished By Plato

In our journey of developing Paribus, we’ve received a lot of feedback from our community, primarily positive and helpful. But, as is often the case when a small team controls a platform, not everyone agrees with our decisions. At every step, we’ve tried to make the best choices based on the information we had. We’ve always known that, eventually, it would be the community’s turn to take the lead in guiding Paribus. And, as we announced in our recent X-space update, that time is approaching fast with the release of

The Tightrope of Regulation

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Time Stamp: September 26, 2023 7:08 AM - Modified On: September 26, 2023 - Published By:
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In a significant move at the recent G20 meeting in India, the International Monetary Fund (IMF) and the Financial Stability Board (FSB) released a joint paper outlining a framework for the global regulation of cryptocurrencies. While the proposals mostly tread familiar territory, what’s new is their conviction in crypto’s unstoppable growth and success. A flurry of optimism greeted the G20’s endorsement of the report because it advocates that countries don’t ban crypto. Hidden in its text, however, are some worrying signs. For example, on the first page, they state, “Widespread

The Fight for Financial Freedom

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Time Stamp: July 10, 2023 5:31 AM - Modified On: July 10, 2023 - Published By:
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As the grasp of regulators tightens on the global cryptocurrency market, exchanges such as KuCoin are being compelled to implement mandatory pre-purchase checks. In tandem, several prominent banks are limiting funds transferred to cryptocurrency exchanges under the guise of protecting customers from fraudulent activities. In the background, the Financial Action Task Force (FATF) is looming over these rapidly evolving regulations. The FATF underscores the significance of Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), and Anti-Money Laundering (AML) regulations applicable to all financial transactions, cryptocurrencies included.

Drawing Parallels

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Time Stamp: October 26, 2022 5:39 AM - Modified On: October 26, 2022 - Published By:
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For many people in crypto, the way that regulators are approaching the industry is unique and can at times seem unnecessarily adversarial. For those with prior experience in nascent industries, it bears remarkable similarities to how other technologies have seen regulations imposed on them. For many people in crypto, the way that regulators are approaching the industry is unique and can at times seem unnecessarily adversarial. For those with prior experience in nascent industries, it bears remarkable similarities to how other technologies have seen regulations imposed on them. Five years

What is cryptocurrency decentralization

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Time Stamp: August 4, 2022 1:06 PM - Modified On: August 4, 2022 - Published By:
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Republished By Plato

The main idea of ​​digital money is distributed processing of financial transactions. The blockchain functions through the actions of ordinary users. Cryptocurrency network participants connect to Bitcoin and other chains through a software client and become nodes of the system. They perform the main work - they process transactions, create new links, and so on. This is called the decentralization of cryptocurrencies. The capacity of a peer-to-peer network depends on all nodes, not a single server. However, one should understand where and how decentralization is applied in the field of

Dubai Grants Ex-Singapore Parliamentarian Calvin Cheng’s Web3 Company a Virtual Asset License

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Time Stamp: May 23, 2022 1:13 PM - Modified On: May 23, 2022 - Published By:
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Ex-Singapore Parliamentarian Calvin Cheng forms the first regulated non-fungible token (NFT) and fan token investment holding company in Dubai. The Dubai Virtual Asset Regulatory Authority (VARA) has granted the company a provisional license to operate under full regulatory supervision alongside Binance, FTX, Crypto.com and Bybit. The holding company, through its portfolio companies AmberX and Celeb X, will offer exclusive membership access to lifestyle and entertainment lounges, and celebrities, via NFT and fan token system. Dubai's seamless integration of cryptocurrency and virtual assets have become increasingly attractive to investors, specifically due