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Latest Bitcoin News / Will the price of BTC stabilize at around $10,000?
« Last post by administrator on July 22, 2019, 01:51:17 PM »
Will the price of BTC stabilize at around $10,000?
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Know Your Customer (KYC) and Anti-Money Laundering (AML) policies have made the financial system what it is today, yet many are unaware that they even exist. You may be asking yourself, what is KYC? Or what is AML compliance? The reason these policies are not widely known is likely due to the fact that they were instituted so long ago.
In 1970, Congress passed the Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), the first step toward modern-day Know Your Customer and Anti-Money Laundering policies. It requires banks and other institutions to collect and keep records of their customers’ identities and addresses, in order to prevent money laundering, and to easily identify customers who may be participating in illegal activities.
Due to the BSA, financial institutions are required to have at the minimum a customer’s name, date of birth, residential or business address, and their identification number. The United States government requires financial institutions to collect and store this information; despite the security measures they have in place to protect it. This information generally isn’t stored in an encrypted way, leaving it exposed for any hacker who happens to break through an institution’s security.
Can KYC and AML reinvigorate the cryptocurrency market?
A significant reason cryptocurrencies have not been adopted on a wide scale is related to the number of scams and fraud that have run rampant in the industry since its inception in 2008. Many cryptocurrency organizations have begun adopting KYC and AML policies in an attempt to curb cryptocurrency use in illegal activities. However, cryptos like Monero, which were originally developed with anonymity in mind, make instituting KYC/AML much more difficult.
In these cases, self-regulation is the solution some exchanges are going for. For instance, in June 2018 Japanese crypto exchange Coincheck removed the option to use Monero, Zcash, Dash, and Augur’s Reputation in order to adhere to Japan’s Financial Services Agency policy concerning cryptocurrencies that provide complete anonymity.
Self-regulation is becoming the new norm in the crypto industry, as it is much easier to find solutions within the cryptocurrency community rather than relying on global regulations, which tend to lag behind the newest developments in cryptocurrency. KYC/AML instituted through self-regulation in the cryptocurrency community may increase security and therefore attract more investors in the process.

Attract investors? Or increase innovation?
KYC/AML at the moment acts as a double-edged sword. Their implementation has the ability to attract investors who are sceptical of the security in the crypto industry. However, they also can limit innovation altogether by restricting licensing to companies which cannot afford the cost of KYC/AML upkeep.
There are aspects of KYC/AML that are severely flawed, but ultimately the real flaw lies in security. It isn’t the necessity of collecting customer information that is flawed, but the systems that are in place to keep that information safe.

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ERC Token Exchange is proud to announce the launch of our upgraded support page which coincides with our desire for faster, better and more effective customer support. The site will help users with an optimized support guide, new helpful articles, improved ticket submission process, and fresh design. To quickly find more useful information browse the categories listed below:
 NEW USERS - Are you new here and in need of help? We got you covered.
 LOGIN AND SECURITY - We take security very seriously and so should everybody.
 YOUR ACCOUNT - Knowing your account inside and out will help you navigate your wallet.
 BANK TRANSACTION - Become skilled in bank transactions and avoid any delays.
 CRYPTO TRANSACTION - You think it’s complicated? Not with the help of these articles.
 GENERAL - Now that you know how things work, you should learn more about erc token exchange

Going forward, we will continue to communicate regularly through our support guide and blog to provide new articles and notifications. We’re really proud of our renovated support page and feel it will create the experience users are looking for when they are searching for help.
If you have any queries contact mail-> support@erctoken.exchange

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Recently, on July 19, Bitcoin enthusiast Tim Draper was on CNBC speaking on how the mainstream coverage of cryptocurrency has been a positive event for the crypto community in general.

Tim Draper believes that: “ it’s good to have people talk about it and thus they realize how important Bitcoin is gonna be for the planet”. He claims that Bitcoin will make the world a much better place to live in another ten to fifteen years.

What's your point of view on this?
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Bulgaria has become the first nation in the world to hold more Bitcoin than it has gold. According to reports the country holds more than 200,000 BTC, worth around $2.1 billion at today’s prices. In comparison it only has around 40 tons of gold which is currently valued at around $1.8 billion.

Source : https://www.newsbtc.com/2019/07/22/bulgaria-big-on-bitcoin-as-reserves-could-exceed-its-gold-stash/
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Latest Bitcoin News / Libra VS Bitcoin
« Last post by administrator on July 22, 2019, 10:24:16 AM »
Can someone explain to me the difference and the similarities in BTC and Libra projects? I just know that the latter is a stable coin which is supposed to be supported by some assets and that it is dentralized.
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Latest Bitcoin News / What is Tron Profit?
« Last post by administrator on July 22, 2019, 10:24:13 AM »

TRON Profit is an existing project laying the foundation for Internet decentralization. This is a multi-ecosystem platform using the Artificial Intelligence (AI) technology and Blockchain with great features developed by a group of leading experts in the field of Blockchain.

TRON Profit is a project located in TRON GAME GLOBAL PAY (GTP)

GTP creates a closed ecosystem integrated on iOS and Android. A comprehensive business platform that helps the community thrive financially and promises to become a leading technology brand in the world.


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Latest Bitcoin News / Get noticed with NODIS!
« Last post by administrator on July 22, 2019, 09:16:29 AM »


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Latest Bitcoin News / Get noticed with NODIS!
« Last post by administrator on July 22, 2019, 09:16:28 AM »


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