The world’s economy is becoming more globalized with monetary instruments called cryptocurrency. Starting with Bitcoin there are now a tremendous number of cryptocurrencies available. This is so exciting but sometimes confusing. We want o provide some key details and tools to help you understand this all better. Furthermore, this information can more importantly explain what they mean to you.
First, let’s break down the basics of what Bitcoin represents:
- It is a store of value that is censorship-resistant
- It cannot be manipulated by central entities, authorities or governments because there is no one entity, person or control point with more “authority” in the system than any other. Transaction consensus is verified by the system architecture, and without anyone controlling the process.
Because of the decentralized structure and peer-to-peer protocol of Bitcoin, the network is able to operate as its own economy. Furthermore, there are no intermediaries or third party service providers involved. This is a radical concept that is shaking up not just the digital currency arena but many other Internet applications.
With the fast pace of the blockchain technology there comes risk and also the potential for great reward. As a result, and to protect the consumers from this, regulations and standards are being put in place across the globe. OMINEX is the leader in shaping this effort. Seems like they are the ones to watch!
Cryptocurrency – How to Protect and Operate in Compliance and Legally on a Global scale:
OMINEX is a leader in this field! OMINEX gained its expertise in regulatory guidelines established for the IPO and Crowd Funding arena. In 2017 they took their knowledge and understanding of these regulations and applied it to the blockchain and ICO space. Their specific role in the new future in the cryptocurrency area is in offering Compliant Token Solutions.
As a result, and to handle this huge task, OMINEX put together the “Open Compliance Project” to support international regulations. This allows for an ongoing platform and support community to keep up with this space’s rapid growth. Because new new tokens are coming out daily, there needs to be regulation and compliance standards to protect the users and investors. Amazingly, the number of new ICO (coin offerings) is over twenty new Token Solutions each day. Consequently, consumers need regulations and standards to protect their interests. That’s where OMINEX comes into the picture.
Solutions offered by OMINEX include:
- Solutions for verifying legitimacy of the new coins offered to the World.
- Allowing the Users (via the OMINEX WALLET) to easily participate in new ICO’s.
- Easy access to view the top Coins and to be able to buy/sell/acquire easily within a single Wallet.
- Paving the way of the Future – this will be the #1 User Wallet and Solution for accessing and working with Cryptocurrencies.
The things that OMINEX is doing is becoming larger and larger in scale and they are rolling out new benefits and features to handle the demand that Cryptocurrencies and Blockchain will create.