The Belarusian high technologies Park (HTP) has announced the beginning of work cryptocurrency exchanges Currency.com which activity is licensed by the decree “On the development of the digital economy”. About it reports RBC.
The site will licenzirovanie to trade assets in commodities, stocks, indices, bound to the underlying market value of traditional financial assets — only about 150 tokens. Subsequently, their number will increase to 10 thousand.
Investors of the project were the company’s VP Capital Belarusian businessman Victor of Protopine Larnabel Ventures and member of the Board of Directors of the group Safmar said Gutseriev. Their total investment amounted to about $10 million.
To trading on the exchange will be allowed to the citizens of Belarus and other countries, except USA (due to national restrictions) and countries included in the black list of the International group of financial action against money laundering (FATF).
Buy and sell tokens on the stock exchange is how to use cryptocurrency (bitcoin or Ethereum) and Fiat money (USD, Euro, Belarusian or Russian rubles). With anonymous crypto-currencies like Monero, the site will not work.
To make money on Currency.com will be via direct transfer or payment by Bank cards Visa and Mastercard, maintain transaction are Belarusian Bank Belveb and Paritetbank. The exchange fee will range from 0.2 to 1.5 percent, depending on the operation.
However, the initiator of the project Victor Prokopenya stressed that Currency.com “more about licenzirovanie securities than about cryptocurrencies”.
“Currency.com solve the problem of shortage in the stock market traditional financial instruments, for which captainvalor cut off from the market of traditional financial assets and are unable to exchange cryptocurrency for Fiat currency,” added his partner, said Gutseriev.
To prevent money laundering and financing of terrorism area will follow the standards adopted at the end of November 2018 with the national Bank of Belarus with the assistance of FATF.
In plans of founders of the exchange to the end of 2019 to reach the revenue of $70 million.
Minerboard CEO, member of the Board of the Belarusian Association Blockchain Alexander Lobbing believes that for residents of the CIS countries Currency.com will have a competitive advantage compared to other platforms.
“First of all, it concerns the convenience of the input and output for residents of the Customs Union. In addition, investors do not have access to the stock trade because of the sanctions, origin of capital and small Deposit would theoretically be able to benefit from this exchange”, — he said in comments to the journal ForkLog.
Also, according to him, the emphasis of the site on licenzirovanie assets will expand the number of its potential users and to provide traders with a greater amount of trading instruments.
We will remind, in February 2018, Prime Minister of Belarus Andrei Kobyakov said that cryptocurrencies will not be allowed on the domestic market of the country, and informed the steps taken for their regulation relate only to the high-tech Park.