Monex Ventures into the US Crypto Market Through Its TradeStation Crypto Subsidiary

A subsidiary of Monex Group, a financial service company based in Japan, TradeStation Group will be launching in the United States as a crypto brokerage company. TradeStation Crypto enters the U.S market to address the current weaknesses and concerns in the crypto ecosystem.

Monex Group has gathered brokerage expertise over the last 18 years since its launch in 2001. The company has been registered in each state to operate a money service enterprise, Money Transmittal License, a platform that will support fiat/crypto and crypto/crypto trading pairs.

Initially, TradeStation Crypto will only support five digital currencies, among them being Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). However, the brokerage company will soon add other crypto digital assets for their customers to trade-in.

TradeStation Crypto exchange platform is based on global integrations that create a large pool of liquidity. With a large liquidity source, the company will be in a position to discover better prices and at the same time, enhance transparency. The company also goes the extra mile to help its clients avoid the long transaction processes associated with the traditional exchanges.

With TradeStation Crypto, investors will not have to pay fees for large volume trades like is the case with other platforms.

“TradeStation Crypto is not just an ordinary crypto exchange like any other. The company focuses on integrating an order-routing system with multiple liquidity pools to offer its clients a better trade execution and visibility.”

The Crypto exchange is an ideal platform for cryptocurrency trading by institutional investors. The platform facilitates secure market data aggregation, execution algos, back-testing, and execution strategies.

Monex has developed a diversified worldwide crypto brokerage portfolio in the cryptocurrency industry. At the beginning of the year, the company launched a crypto unit with the purpose of studying available opportunities in the industry.

Monex targets Institutional investors in the U.S market. The company is planning to develop a firm grip of the cryptocurrency market by building on the over2,000,000 accounts trading in the exchange.

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Author: Denis Miriti

German and South African Regulators Issue Fraud Warnings on Karatbars International

  • Financial regulators in both South Africa and Germany have issued orders against Karatbars International.

In Germany, according to a recent press release by BaFin, the Federal Financial Supervisory Authority of Germany, a cease and desist order has been issued against Karatbit. The cease and desist is to stop the company from its unauthorized electronic money business in Germany.

As for South Africa, the Financial Sector Conduct Authority issued its own press release warning the public to not deal with Karatbars International, as it is not authorized in terms of the Financial Advisory and Intermediary Services Act, to render any financial advice and intermediary services. The press release continues that the authority was informed that the company has been offering investments to customers through WhatsApp, a messaging platform.

A recent report indicates that these warnings are being issued as the company’s investors realize that they have been misled by the company. Further, the company had first offered cryptocurrency in February 2018.

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Author: Silvia A

FinCEN Chief: US Will Enforce ‘Travel Rule’ For Crypto Exchange to Combat Money Laundering

Kenneth Blanco, the Financial Crimes Enforcement Network (FinCEN) director, said on November 15th that the US government will enforce a ‘travel rule’ requiring crypto companies providing wallet services and trading digital assets to provide information on their customers.

The new rule is meant to prevent money laundering and requires crypto exchanges to verify the identity of their customers, also to identify parties involved in transfers up to $3,000 and higher. The information on the transfers needs to be transmitted to counterparties if these exist.

Kenneth Blanco Says the News Shouldn’t Come as a Shock. At a New York conference hosted by the blockchain analysis company Chainalysis, Blanco said:

“It (travel rule) applies to CVCs (convertible virtual currencies) and we expect that you will comply period. That’s what our expectation is. You will comply. I don’t know what the shock is. This is nothing new.”

The US government has decided to make a move seeing the crime in cryptocurrency is now using billions of dollars. Investigators all over the world have their eye on money laundering hubs activating in the virtual world. In August, Ciphertrace reported that fraud, scams and thefts in the cryptocurrency space have exceeded $4.3 billion, just in 2019.

The Rule Complies to Anti-Money Laundering Standards

This ‘travel rule’ was issued back in 1996 by FinCEN. It complies to the standards that apply to all financial institutions based in the US. Its coverage was extended in 2014 so that it applies to crypto exchanges too. In June 2019, the global and inter-governmental organization that fights terrorism financing and money laundering US Treasury led-Financial Action Task Force (FATF) has released some guidelines on how money laundering in the crypto environment is taking place.

FATF also informed crypto exchanges they need to comply with the ‘travel rule’ in a year from June. Blanco continued by saying:

“FinCEN…has been conducting examinations that include compliance with the funds’ travel rule since 2014,”

He also added that money laundering is the most common violation of businesses trading in virtual currencies.

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Author: Oana Ularu

AFME Calls For Regulator And Crypto Initiative Collaboration For EU To Become Global Leader

The Association for Financial Markets in Europe (AFME) has recently talked about crypto regulation in Europe. According to the institution, the European Union (EU) has the potential to become one of the leaders of the crypto market. However, this will only happen if the region is successful in regulating the sector effectively.

AFME has also given five recommendations for European leaders so they could achieve this goal. The main one is that they should establish a classification scheme for assets that can help in the introduction of crypto to the financial world.

This echoes the argument of Bankenverband, a banking association from Germany, which affirmed that it is the lack of clarity of how cryptos will be regulated that makes them undesirable for the market.

AFME’s managing director and head of technology, James Kemp, stated,

“There has been a rapid rise in the development of crypto-assets […] however, to realise those benefits, it is increasingly important that crypto-asset regulation is coordinated at the regional and global level to foster innovation, while promoting financial stability and ensuring a level playing field.”

James Kemp, the managing director of the AFME, claimed that the crypto assets have been on the rise lately, so it is important to understand their benefits and to coordinate innovation at the local level, promoting stability and ensuring that Europe has a leading position in the industry globally.

He also affirmed that the union should have clear expectations about crypto assets and that regulatory frameworks for the industry should be a top priority.

It is expected that the EU will come up with new legislation regarding cryptos in 2020, including money laundering rules and possibly take some steps forward in clarifying the regulation of these digital tokens. The main doubt is whether the EU will do it quick enough not to lose its place to Asia, which has been proving to be very strong in the market so far.

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Author: Gabriel Machado

Ripple SWELL 2019 Update: Economist Dr. Raghuram Rajan Talks Blockchain Financial Inclusion

Dr Raghuram Rajan, economist and financial analyst, took the stage at the Swell 2019 conference this month that was held in Singapore. During his talk, Rajan, explained the importance of blockchain technology in the financial sector and how it’s poised to revolutionize businesses around the world.

One specific note of Rajan’s talk was the application of blockchain tech in the existing financial system as well as the impact that globalization will have on world markets.

“We are due for stronger productivity,” began Rajan.

“Tech innovation doesn’t always translate to actual productivity growth. For corporations to really learn how to use emerging technology, they need to reinvent the system. Once this is managed, we will see the pace of growth increase—not the moderate growth we see today.”

The power of banking establishments were also highlighted as a potential problem by Rajan. He stated that these centralized institutions create “fear and fury” amongst the populace, while decentralized blockchain solutions can be used to help bridge this gap of fear.

“At an abstract level, what we see today is increased fear and fury at centralized banks. Across the world, there is a break down in globalization and a worry from businesses about adhering to rules, set by another country. The answer is more decentralized solutions, like blockchain technology—that people trust,”

said Dr. Rajan.

The topic of micropayments was brought up by Rajan as a possible area for disruption by blockchain and cryptocurrency technology.

“We’re going to see intermediaries negotiate for payments with information. If data belongs to the individual then it can be exchanged through micropayments and doesn’t become a source of monopoly. In this way, decentralization disperses trust and power, and ultimately breaks up monopolies.”

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Author: Matthew North

As Digital ID Systems Expand, FATF Releases Guidance for Financial Institutions

  • The FATF organization released a 77-page guidance in digital identity for financial institutions, specifically regarding cryptocurrency and the use of DLT.
  • The guidance focuses on certain “areas of focus” like the way that digital identity impacts policies for AML/CFT.

Cryptocurrency is in a constant state of innovation lately, and the whole of the financial world needs to be prepared. The Financial Action Task Force (The Financial Action Task Force is preparing financial institutions and governments on the expansion of digital identification systems by sharing its latest AML and CFT guidelines.) has already prepared for the way that digital identification systems are evolving, and they’ve recently published draft guidance on this exact topic to help financial institutions be ready as well.

The guidance came out on Thursday regarding digital identity, which is meant to support regulated entities, governments, and other stakeholders. The guidance elaborates on the enforcement of regulations concerning anti-money laundering and counter financing terrorism. This organization, which functions across multiple governments, hopes to focus on the issues that continue to arise for security and transparency, especially as financial transactions start becoming more digital.

According to the website, FATF has offered several questions that are meant to be “areas of focus.” By November 29th, 2019, private stakeholders are meant to offer feedback via email. The areas specifically include risks that may be threatening to the ability to enforce AML and CFT regulations, as well as the way to improve transaction monitoring and the possibility of impacting requirements for keeping records for FATF.

One of the tools named as a way to improve digital ID network growth is blockchain technology, or distributed ledger technology.

Authorities have been urged by FATF to:

“develop clear guidelines or regulations allowing the appropriate, risk-based use of reliable, independent digital ID systems by entities regulated for AML/CFT purposes.”

Crypto exchanges and other regulated institutions need to:

“take an informed risk-based approach to relying on digital ID systems for Customer Due Diligence.”

The guidance, which takes up 77 pages, discusses many issues that digital ID systems may face, like the way to use them for due diligence regarding customers. Along with helping financial institutions, the guidance is also supposed to be part of the efforts to reduce the risks of money laundering and terrorist financing, correlating with additional stablecoins being launched in the market. FATF highlighted the necessity for digital identity involving payment systems, helping to identify the stakeholders involved in stablecoin-related transactions.

The blockchain industry has seen a lot of activity from FATF this year, as the organization published new guidance over the summer involving cryptocurrency exchanges and other VASPs. This guidance pushed for countries to implement strict KYC protocols, managing the risks involved with digital asset transfers.

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Author: Krystle M

Bitcoin Pioneer Max Keiser: China’s DCEP Cryptocurrency Token Will Be Gold-Backed

According to Max Keiser, a financial commentator, China’s cryptocurrency DCEP will be backed by gold and not the US dollar. He also noted that gold is currently making new significant highs against flat currencies. This will be a serious threat to the US Dollar. Recent reports show that China has bought over a hundred tons of gold. The United States may fall through this trap door set by the communist state.

“China will be rolling out a cryptocurrency that will be backed by gold. Currently, China has 20,000 tons of gold and will not in any way rely on the US dollar to support its crypto coin,”

Max said during his appearance on Kitco recently.

The People’s Bank of China will be the pioneer central bank to roll out its own digital currency the “DCEP” according to a report issued by U.Today. The People Bank of China has been working on this project for over 6 years. President Xi Jinping’s endorsement of the Blockchain Technology which supports the Bitcoin is what unleashed China’s interest in digital currency, cryptocurrency to be precise. Xi Jinping’s words on October 25 in favor of crypto coins are what drove the Bitcoin price to increase by 40%.

Max Keiser believes that Bitcoin might trade at ten million against the US Dollar.

“The forecast is still at $100,000+ and it is just a matter of time. But honestly, in terms of dollars, the number runs to infinity. The BTC might trade at 5,000,000 or 10,000,000 against the US Dollar.”

Changpeng Zhao, Binance CEO, has predicted the change of the China narrative since the price of a Bitcoin is expected to hit $16,000 soon enough. This will significantly boost China’s economy promoting the communist state to become a global superpower.

Currently, not much about the “China Coin” is known although it has been rumored about for a couple of months now. It is beyond reasonable doubt that China is aiming at becoming a superpower at all costs.

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Author: Denis Miriti

Digital Asset Custodian Koine Awarded Electronic Money Institution (EMI) License By FCA

Financial Conduct Authority (FCA) has awarded and Electronic Money Institution (EMI) certificate to crypto assets custodian, Koine, Financial Magnates reports.

Koine announced on Thursday that it has secured a licence to issue electronic money from FCA. The licence means that Koine can now offer real time e-money payment services to their increasing institutional clientele. Koine also revealed that plans are underway to seek licensure in various financial services locations.

Koine’s chairman Hugh L. Hugh praised the authorization stating that the EMI license will help the firm to move with speed and invest in the necessary infrastructure that will enhance institutional participation within the digital assets market.

Commenting on the development, Hugh L. Hughes, chairman and CEO of Koine, said,

“Market reaction to Koine’s ultra-secure scalable institutional class solution for custody and settlement, has been immensely favorable, and with our EMI authorization now issued by the FCA, we are rapidly moving to implement the market infrastructure necessary to support institutional participation in the digital assets marketplace.”

Currently, Koine enjoys a wide clientele of more than 40 ranging from families to institutions as well as funds. The firm offers custodial as well as real time settlement services in fiat as well as digital assets.

The company has its headquarters in London but its crypto assets custody services are not covered by the UK regulation framework. In this regard, the new license is not authorization of the firm’s digital asset custody business.

He said,

“e-Money authorization should not be read as authorization of Koine’s transformative custody and settlement model for digital assets.”

Hughes explained that the recognition by the FCA of the control procedures that the firm has enacted, irrespective of their views regarding the crypto space, is a testament that London is still an attractive base for crypto-based firms alongside the conventional financial companies. He explained that all that is needed for the crypto-based firms is to explain the controls put in place to satisfy the regulator’s standards and guidelines.

Hughes commented further,

“The FCA’s recognition of the controls and processes that we have put in place for our EMI authorization, notwithstanding their concerns regarding the digital markets, shows that London can continue to attract financial institutions in the digital markets, alongside traditional capital markets, as long as those institutions can show that they have appropriate governance to address the regulator’s requirements.”

Started in 2017, Koine has continued to come up with unique solutions which makes it stand out among its rivals who offer hot wallet and cold storage services. The firm offers manual transfers, offering advanced security for clients’ assets and immediate settlement as well as withdrawals.

The company has been monitoring the best practices exercised by the conventional custodians and has been able to withstand the test of time and is now among one of the largest digital assets custodians.

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Author: Joseph Kibe

Wall Street Underground: Teeka’s Make Millions in the Private Placement Market

Teeka Tiwari, a financial pioneer in his own right, and the team at Palm Beach Research have unveiled a new ‘little-known investment opportunity’ for The Palm Beach Letter.

The marketing campaign, which is centered around a ‘Wall Street Underground’ presentation involves a report called, “Make Millions in the Private Placement Market.”

Teeka Tiwari claims average investors like you can follow the information in the report to make “57x” returns on investment, with as little as $50 to start. This is done by exploiting investing in stocks before they IPO or go public.

Let’s take the time and review what is inside Teeka Tiwari’s Red Folder, catered towards taking advantage of private placement investments that were once walled off by the SEC and financial elite. Teeka says it is now time to use it for your own gain and turn the tables on Wall Street and capitalize on the pre-IPO market by using this 30-year old secret play.

The report focuses on private placements and pre-IPOs. Tiwari claims the world’s richest investors use private placements and pre-IPOs to capitalize on trends early.

By signing up for The Palm Beach Letter today, you will get the “Make Millions in the Private Placement Market,” eBook along with a handful of other research reports.

Let’s take a closer look at Make Millions in the Private Placement Market eBook to determine whether or not it’s worth your time.

What is “Make Millions in the Private Placement Market”?

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Make Millions in the Private Placement Market is a new eBook created by Teeka Tiwari and the team at Palm Beach Research. Like other reports released by the company, this report claims to give you an “inside edge” over other investors.

Some of the key lessons contained in Make Millions in the Private Placement Market include:

  • What a private placement is and how private placements work
  • How private placements fit into an asymmetric asset portfolio
  • How to use the SCALE system to evaluate deals
  • How to uncover the top opportunities

So what exactly are private placements? How do pre-IPOs work? Tiwari claims a new SEC regulation” 30 years in the making” now lets ordinary investors take part in pre-IPOs.

Tiwari claims the pre-IPO market is “how I made most of my fortune”, and it’s the market he used “to see a small $1,000 investment reach as much as $1.6 million.” By following Tiwari’s investment advice in this report, you can expect similar gains. The sales page is filled with claims of people making 5,700% ROIs, 14,000% gains, and other ridiculous investment returns.

How Do Private Placement Deals and Pre-IPOs Work?

So what’s the big deal with pre-IPOs and private placements?

A few years ago, the SEC adopted new rules allowing non-millionaires to invest in private companies. These are called Regulation A+ (Reg A+) deals. In December 2018, the SEC adopted the final rules. Today, these A+ deals are now being approved by the SEC.

In the report, Tiwari describes how an ordinary investor like you can participate in Reg A+ deals in less than 20 minutes. It’s as easy as investing in any stocks.

By investing in the right company during the private placement or pre-IPO phase, you can earn significant returns when the company goes public. Tiwari brags about buying stocks for “pennies…before a company goes public at $1…$10…$100.”

Better yet, Tiwari claims there’s “zero downside risk” by following his investment advice. How can there be no risk by investing in private companies? Well, venture capital firms often sign private placement deals that include warrants. When you buy stock shares in private companies, you can also get this “warrant kicker”. Essentially, this gives you extra shares for free. You might buy 1,000 shares, then receive 1,000 warrants you can sell if the stock exceeds a certain price in the future. You can sell half the shares for a quick 2X, 4X, or 8X profit early on, then hold onto half the shares for greater returns.

“These warrants can cut your risk to zero…and boost your profits even higher,” explains Tiwari.

What’s the Catch with Private Placements and Pre-IPOs?

Obviously, investing in Uber, Facebook, or Amazon during the pre-IPO phase would have been an amazing decision. Tiwari makes it seem like every pre-IPO company is going to be the next Uber or Amazon.

In reality, of course, things are different. For every Uber or Amazon, there are 1,000 companies that go bankrupt. Some never end up going public. Others hit public markets and tank.

Fortunately, Tiwari is aware of this issue. That’s why “Make Millions in the Private Placement Market” teaches you how to analyze companies during the private placement phase to maximize your potential returns.

How to Analyze Private Placement Deals and Pre-IPOs

Tiwari reports using his “SCALE” method to analyze companies during the private placement and pre-IPO phase:

S – Structure: Every private placement deal is structured differently. Tiwari recommends looking for deals where your shares are the same price that company insiders paid. You don’t want to pay $1 per share when company insiders paid $0.05 per share. Tiwari also recommends looking for deals with the warrant kicker mentioned above, giving you free bonus shares if the stock hits a certain price.

C – Cash: Tiwari identifies companies that have a good business model, but just need cash to grow. When you’re buying stock in a company, you’re giving the company cash. Some companies know how to utilize that cash, while others do not.

A – Advantage: Find companies with a durable competitive advantage. Does the company hold patents, licenses, or proprietary technology that its competitors do not?

L – Leverage a Trend: Tiwari recommends investing in a sector of the market that is about to experience growth. Take advantage of a trend just about that trend is about to become mainstream. If you time it right, then investor money will pour in after you’ve already entered the market.

E – Executives: Finally, Tiwari recommends finding a company that can execute its plans. Some companies have all of the above items in place, yet never execute their plan to completion. Analyze the team and executives and verify that they’ve done this before.

Make Millions in the Private Placement Market Pricing

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Make Millions in the Private Placement Market is priced at $49 USD when purchased as a standalone report.

As part of the recent promotional deal with The Palm Beach Letter, however, you will get the report for free after signing up for an annual subscription to The Palm Beach Letter.

What is The Palm Beach Letter?

The Palm Beach Letter is an email subscription service offered by Palm Beach Research Group, an alternative financial analysis firm based in Florida. Teeka Tiwari is a key member of the Palm Beach Research Group team and serves as editor for several of the company’s flagship newsletters and products.

As part of the recent promotion with “Make Millions in the Private Placement Market”, you can buy an annual subscription to The Palm Beach Letter for $49 for your first year. Then, your subscription is renewed for $129 automatically every year after that.

What’s Included with The Palm Beach Letter?

The latest promotion involving The Palm Beach Letter and Make Millions in the Private Placement Market gives away dozens of reports for free. Here’s what you get for signing up for The Palm Beach Letter through this form:

Make Millions in the Private Placement Market

This is the report detailed above that explains pre-IPOs, private placement deals, and other unique investment opportunities that have recently become legal under new SEC guidelines.

The Private Deals Bible: How to Get Out-Sized Gains from Tiny Investments

This report explains the ticker symbol of a unique investment that “allows you to invest alongside the worlds [sic] top venture capital firms in your brokerage account,” according to the official site. The report also explains how to get exposure to deals like Uber, Lyft, Pinterest, Circle, Ripple, and more before these companies go public.

New World Money: Make 10,000X or More

This report explains how to intelligently invest in cryptocurrencies to make returns of 100X, 1,000X, 10,000X, or more. Tiwari specializes in cryptocurrency investing, so he knows what he’s talking about in his crypto reports.

The Only Legitimate Tax “Loophole” in America

This report describes an “astoundingly safe investment” with limited downside, guaranteed minimum growth rates, and compound tax-deferred gains. Palm Beach Research Group claims it’s “the only legitimate tax loophole in America” because it pays 5% tax-free returns every year.

The Big Black Book of Income Secrets

This 370-page book describes the top 20 income investing secrets from the Palm Beach Research Group team, including the best dividend stocks and other picks for income investors.

The Unclaimed Millions Handbook

This small report explains 21 investing strategies for collecting “unclaimed money”. Unclaimed money, according to the report, is “easy money from Washington, Wall Street, and private investment programs that no one’s sharing.”

59 Additional Research Reports

In addition to the reports listed above, your subscription includes access to 59 research reports from Palm Beach Research Group. Many of the reports follow a similar trend: you’re gaining “inside access” to “unique investment deals” that can help you “get rich quick” with “no risk whatsoever”. Some of the reports included in this package include, “Private Market Riches”, “America’s No. 1 Pot Stock”, and “How to Turbo-Charge your 401k”.

The Palm Beach Letter Pricing

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wall-street-underground-teeka

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The Palm Beach Letter is priced at $129 (plus applicable taxes) per year.

As part of the recent promotion, you’ll pay $49 today for a full one-year subscription.

After providing your credit card information, the company will renew your subscription every year until you contact them to cancel. You can contact customer service at 888-501-2598 or through the online form here to cancel.

The Palm Beach Letter Refund Policy

Your subscription to The Palm Beach Letter comes with a 60-day risk-free guarantee.

You can request a refund at any point within 60 days of your purchase. Just contact Palm Beach Research Group’s customer service any time Monday to Friday from 9 am to 7 pm ET at 888-501-2598.

If you request a refund, your subscription will be canceled, although you’ll still be able to keep the free bonus reports you received above.

Final Word

Palm Beach Research Group has unveiled a new report called, “Make Millions in the Private Placement Market”. The report explains how to take advantage of pre-IPOs and private placement market deals.

According to the report’s author, Teeka Tiwari, investors can use this information to earn returns of 5,000% to 14,000% with limited risk.

The report is available for free with a subscription to The Palm Beach Letter, which costs $49 per year for your first year and then automatically renews for $129 per year.

Watch the entire video presentation of Teeka Tiwari’s Wall Street Underground here and see how you can start making millions inside the private placement market.

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Author: Andrew Tuts

BitLicense Becomes Subject of New York Financial Regulators Scrutiny Over Current Regime

The New York Department of Financial Services (NYDFS) has finally decided to review its most controversial decision in recent days. According to the head of the agency, Linda Lacewell, the agency is set to look into the infamous BitLicense and maybe consider some changes.

BitLicense is the name of the dreaded license that all digital asset operators need if they want to offer their services to residents in the state of New York, a necessity even if the companies are not based locally.

The license is famous for being the toughest one to get in the country, which added to its unpopularity. Several companies such as Bittrex and Kraken were basically driven out of the state because of the license and issues related to it.

According to Lacewell, now is the perfect time to look at the system and to determine how to proceed, and look to see if any adjustments are needed at the moment. She did warn people not to be “too excited”, though, as there is a big chance that nothing will change.

Some of the questions that will determine what will be done include understanding how the industry has grown lately and whether it has matured or not. According to her, the current license is “working well”, but it is important to always hear all sides when making decisions. No information of when the review would be complete was given during her speech.

At the moment, only 22 companies were able to grab the BitLicense. The NYDFS is receiving applications for the license right now, but the majority of the companies that apply still fail the tests.

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Author: Rebecca Asseh