News of the day: Covesting already in Gibraltar, Swiss one launches Foundation

[Paha87]

Trading platform for crypto currencies Covesting starts in Gibraltar; Startup Swissone of the valley of Zug creates adjustable licenzirovanie Fund.

Covesting opens a crypto-exchange in Gibraltar

Cryptocurrency exchange Covesting, based in Europe, announced the launch of a new trading platform in Gibraltar. The company has recently obtained a license to use distributed Ledger technology (DLT) from the authorities of the British overseas territory.

Over the past year, Gibraltar has adopted special rules that are designed to attract businesses from the crypto sphere and Covesting, which is registered in European jurisdiction, is a FINTECH company launched by former Saxo Bank employees.

Users who would like to participate in the launch of the new regulated platform must register and undergo identity verification procedures. They will then be able to use any of the cryptocurrencies currently available for trading on the main platform by transferring funds from their wallets to a trading portfolio on the Covesting platform.

According to the company, additional methods for depositing Fiat funds, including the use of credit cards, as well as wire and Bank transfers, will be added in the near future.

Swissone create adjustable licenzirovanie Fund

Swissone Capital AG, based in Zug, the company that manages digital assets, announced the forthcoming launch tokenlounge and fully adjustable index Fund. According to the company's press release, the Fund will be licensed by the Swiss financial market Supervisory authority (Finma) and will offer customers "the liquid utility of tokenization combined with regulatory recognition guarantees".

A global study conducted by a network of PwC audit professionals recently found that regulatory uncertainty and lack of trust are two major obstacles for institutional investors to enter the cryptocurrency market. Swissone Capital hopes to significantly alleviate these two serious problems, with the approval of the Swiss financial regulator.

Over the past few years, the crypto market in Switzerland has received significant development, turning the country into one of the leading friendly crypto jurisdictions in Europe. The country has the so-called "Crypto Valley" in the Canton of Zug, where hundreds of blockchain startups and FINTECH companies are now operating. Swiss cryptocurrency companies can also take advantage of the services offered by banks in neighbouring Liechtenstein.

Link to the source of information (Russian) - https://altstake.io/news/novosti-dnyacovesting-ughe-v-gibraltareswissone-zapuskaet-fond