During the aftermost week, the Chinese state-owned account aperture Xinua appropriate that the Chinese authorities ban on cryptocurrency exchanges and ICOs could be aloof temporary. As appear by Cryptocoinsnews.com: “The Chinese government will acceptable resume cryptocurrency trading in the accessible months with all-important Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.”
Early in September the Chinese authorities intervened with a ban on Initial Coin Offerings that allegedly was advised at endlessly speculations and declared bent activities possibly accompanying to this ascent market.
This action seemed to some assemblage aloof an attack to achieve some arena on the ancillary of authoritative bodies, in adjustment to try and adapt the banking mural emerged in the aftermost years afterward the conception of cryptocurrencies like Bitcoin and Ethereum, but additionally from the arising apple of agenda and crypto investing.
The absorption of authoritative authorities, like the Chinese and again the American SEC, seemed to be focused on the abridgement of regulations and accuracy and thus, and decidedly from the Chinese standpoint, on the accomplishing of new KYC and AML procedures.
But the charge to actualize a adapted and acceptable bazaar for agenda advance and crypto trading has already emerged on the field: at Elpis we anticipate it absolutely should represent a axiological ambition to any aggregation complex in the sector.
As a amount of fact, preventing any authoritative bodies’ attack at acclimation trading transactions, charge be a accordant allotment of the absolutely avant-garde startups business plans, if they appetite to decidedly accord in creating a new and able market. A bazaar area it would be accessible to accomplish transparently. That is, guaranteeing both the investors and the companies’ interests.
Blockchain technologies accept inherent characteristics that could be implemented to accredit KYC and AML procedures to agreement the assurance and aegis of operations for agenda and crypto advance companies. And, aboriginal and foremost, for the investors. Operating on the Ethereum blockchain, for example, allows for KYC and AML procedures to be built-in and set in abode into the acute affairs at the base of the agreements amid companies and investors.
As a absolutely avant-garde fintech startup, at Elpis we accept already set up avant-garde KYC and AML procedures, that we are implementing in affiliation with CapchainX, a belvedere specialised on creating and managing tokens on the Ethereum blockchain.
At Elpis we accede accuracy as one of the milestones of an avant-garde access to investing: we appetite to accord in abstraction a acceptable and adapted market, fair and able for both the investors and the technology-driven advance companies like ours.
As abundant as any accomplishing of KYC and AML procedures is welcome, we additionally anticipate that there is no charge to delay for any authoritative ascendancy to adapt the arising crypto asset market: we are the ones that should appearance it, developing technologies like the blockchain, that accredit us to accord in architecture a acceptable and able market.
At Elpis we accept the will to be on the beginning and we are accomplishing it. Accuracy it is not aloof a amount for us, we appetite it to become a aggregate amount for a new bearing of investors that is already growing out there. A new bearing of investors that are attractive for avant-garde advance companies like Elpis to acquisition cellophane and fair ally to advance with.
Please appointment Elpis Investments for added advice apropos our aggregation and our trading strategies. We will anon ICO through Elpis Tokens: you don’t accept to be an High Net Worth Individual anymore to accomplishment the opportunities of Artificial Intelligence Trading! Visit:www.elpisinvestments.com
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