Licensing of cryptocurrency exchanges.

in bitcoin •  6 years ago 

All existing cryptocurrency exchanges can be divided into two large groups.
The first group is the classic cryptocurrency exchanges that provide the opportunity to trade only cryptocurrency pairs.

The second group includes exchanges that support trading not only with cryptocurrency pairs, but also cryptocurrency trading with fiat funds (traditional currencies, for example, dollar, euro, yen). Also, it supports the entry and withdraw of traditional currencies.

Thus, exchange licenses can also be divided into two groups:
-traditional licenses that regulate financial transactions and which are indirectly covered by cryptocurrency transactions (for example, in the USA, Hong Kong).
-specialized crypto-licenses, which are specially introduced by the competent state authorities for the settlement of cryptocurrency exchange operations (for example, in Japan and Estonia).
Bahrain now deserves special attention, as the regulation of Fintech activities is being actively implemented there and research of cryptocurrencies and the possibility of their introduction into the economy at the state level are being conducted.

Regarding jurisdiction for obtaining licenses for conducting cryptocurrency exchange activities, the following countries are currently the most popular:
-Japan;
-Estonia;
-USA;
-Hong Kong;
-Singapore;
-Great Britain;
-Bahrain.
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  ·  6 years ago Reveal Comment

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Having a trading platform that supports crypto - fiat pairs will really make an interesting trade. System should however employ funding and withdrawal to fiat directly and it will really be awesome. Adab is thinking big

Fiat money will gradually leave the market. Soon all operations will take place exclusively in cryptocurrency. This will happen in a few years. The future belongs to blockchain technology. Join ADAB Solutions, it's your future.

The ADAB project has been at hard work to make its service available to as many as people across the world. It is based on Islamic law and it will deliver on its promises.

I think the second group that supports both trading with cryptocurrency pairs and cryptocurrency trading with fiat funds is good one. It will provide traders many choices. Anyway ADAB Solutions has a smart team and goal.

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ADAB will be joining forces with the islam finance to help muslimis partake in the crypto market without breaking any laws since it is based on the principles of shariah and the norms of the Quaran

I like this crypto model and think that ADAB team chose the right way for moved project a forward.

One of the most important tasks of the project is to provide the most secure environment for customer funds;
FICE organizes regular audit of certificates and security protocols;
All sensitive data will be encrypted using AES-256 encryption Protocol;
High-trust SSL certificates (EV SSL) will be used on the FICE website.

AdabSolution IEO will start soon to make it convenient for anybody to participate without hassle just complete all the procedure and do it right in order to make the transaction smooth

ADAB is a platform with great goals and great features. Thanks to ADAB, the Islamic region will be able to get more information about cryptocurrencies and blockchain, as well as start using these features. Moreover, the crypto community has already turned its attention and thus has shown interest by making a number of investments in ADAB.

The team done well. Do their job qualitatively! the project is promising, one of the best for today, I think it's a great success.
#adabsolutions https://adabsolutions.com/

ADAB solutions participates in all kinds of crypto, blockchain forums, conclude serious contracts. All prototypes made by the development team are in the public domain, now you can read and test this system.

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