Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
Deltia AI leverages NVIDIA Metropolis and Jetson AGX Orin to optimize assembly lines, promising up to a 50% productivity increase. (Read More)
Discover top tools and strategies to clean up podcast audio, including ElevenLabs' voice isolator. Improve your podcast's quality with these expert tips. (Read More)
Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.
NVIDIA's RAPIDS AI enhances predictive maintenance in manufacturing, reducing downtime and operational costs through advanced data analytics. (Read More)
French President Emmanuel Macron has been widely criticized by tech executives such as Elon Musk and Rumble CEO Chris Pavlovski.
The Telegram founder was arrested at Le Bourget airport north of Paris on Aug. 24.
Chainalysis announces Emmanuel Marot as VP of Product, bringing his extensive experience from Google and LendingRobot. (Read More)
Pantera Capital announces investment in aPriori, a firm specializing in digital manufacturing software solutions, to drive innovation and efficiency in the manufacturing sector. (Read More)
A whos who of Vanuatus financial industry and its regulators converged at Port Vilas Warwick Le Lagon resort on June 27 to discuss the new licence for virtual asset service providers (VASP) and to review the jurisdictions best strategies to avoid global regulatory watch lists.
This was the second Symposium organized by the Vanuatu Financial Services Commission, this time under the theme Shaping tomorrow: Exploring the role of the financial dealers licence and virtual assets in national development. The event was attended by the Honourable John Dahmasing Salong, Minister of Finance and Economic Management and by MP Andrew Solomon Napuat.
VFSC's Commissioner, Branan Karae, opened the day by reviewing the past years progress. The biggest step was the VASP Bill, now ready to become law in the next parliamentary session, probably in September.
Karae underlined his team's efforts to streamline the application process for Financial Dealer Licences (FDL). They are now processing at least two to three every month, for a total of about 75 since the new regulatory regime was introduced in 2022. And the numbers continue to grow. The VFSC also held a mini-symposium in Sydney in May to beef up its marketing efforts and applied for membership in the International Organization of Securities Commissions (IOSCO) to enhance its reputation.
The Commissioner proudly introduced the newest Ni-Vanuatu woman in fintech, Jossiana Peter, a graduate in banking and finance from Macquarie University in Sydney, who will be the Virtual Assets Supervisor in his office.
A New Licence for Virtual Asset Service Providers
The requirements for the upcoming VASP licence were detailed in a joint presentation by Joshua Tarinako, Managing Supervisor at VFSC, and Loretta Joseph, an Australian consultant for the VFSC who has been instrumental in drafting the new Bill.
She noted that Vanuatu was one of a few jurisdictions that have done something about virtual assets in line with the requirements of the Financial Action Task Force (FATF), the global regulatory body for financial services.
This ensures that the innovation due to new technology, like decentralized finance and cryptocurrencies, will be shaped within legal boundaries in a way that fosters trust and stability in the digital economy. We tried to devise clear, logical legislation that doesnt stifle innovation and specifies what operators can and cannot do, said Loretta Joseph.
Joshua Tarinako walked the audience through the requirements for the VASP licence, which is classified as Category D in the FDL program. The requirements share similarities with A, B and C licences, such as physical presence, management experience, quarterly reports and more.
The Category D licence is divided into four subcategories, depending on the type of service provided: D1 for exchanges, D2 for custodians, D3 for virtual asset managers and D4 for banks. Theres also a time-limited 12-month Fintech sandbox utility status for VASP start-ups currently in testing their products.
A process has been drafted for Initial Token Offerings, which Joseph described as digital crowdfunding. Proponents must submit a White Paper detailing their business plan, such as funding, product roadmap and conditions attached to their token. There will be a Purchaser Right with a 10-day cooling-off period to allow participants to change their minds.
Once the law passes Parliament, the VFSC will provide more guidance on a range of topics to be defined, such as initial capital requirements for VASPs.
Developing a Culture of Compliance
A panel was held on international standard requirements from the FATF, the Asia-Pacific Group (APG) and the European Union (EU). These bodies keep watchlists of non-compliant jurisdictions with dire consequences for those targeted. Vanuatu has long been delisted by the FATF and APG but remains on two EU lists: one pertaining to money laundering controls and the other to tax practices.
Rick McDonell, the former Executive Secretary of the FATF and APG, shared some pro tips on global compliance.
He warned against upcoming re-assessments by these bodies, especially the FATFs Recommendation 16. Known as the travel rule, it requires VASPs to verify the identities of originators and beneficiaries for any transaction over 1000 USD or EUR and to report any suspicious activity.
Many countries arent implementing the rules properly, while others are just doing a bad job, especially investigating and confiscating the proceeds of crime, he added.
When the assessors come next time, they will look at how well you apply their standards. Its a very intrusive process so your government and private sector will need to defend themselves against any lack of understanding () Make sure you have the statistics to show that youre being compliant and to make a persuasive case, both in your submissions and when you meet face to face.
The next on-site visit will be in October 2026, but he recommended starting early with a holistic effort involving industry and government.
When it comes to EU watchlists, McDonell pinpointed a lack of coordination and miscommunication, both of which could be solved through discussions at a high level.
The Honourable Andrew Solomon Napuat, MP and chairperson of the FDL task force, detailed how he and five fellow MPs have been knocking down doors in the past year to push government agencies to work together on addressing EU listings.
This is not a single-agency issue. Its a sovereign issue affecting all of us. Everyone must come together and gather all the technical knowledge we need to support our leaders at the political level, he added.
Panagiotis Nikolaou, advisor for the Cyprus SEC, shared his own experience in the matter. Weve seen countries rushing to complete requirements but we found that just ticking the boxes is not enough. Its about developing a culture of compliance, not only to delist from EU lists but to make sure you dont get on any watchlist anywhere ever again, he emphasized.
Vanuatu is on the right path according to McDonell, who led the first APG meeting many years ago. The level of understanding is incredible. Its an impressive improvement. Countries trying to build their financial sector need regulatory certainty and a good reputation, and those are on the rise in Vanuatu.
#Crypto is coming soon to #Vanuatu! Our regulator (VFSC) announced the drafting of a new legislation on #DigitalAssets. The #fintech industry offers a path toward growth and prosperity for everyone in our country. So stay tuned for more good news! pic.twitter.com/xT2p19K9dS
Martin St-Hilaire (@martinsth) March 7, 2023Building Local Knowledge through Immigration
Another panel addressed the difficulties foreign investors encounter when they start FDL businesses in Vanuatu.
For Martin St-Hilaire, managing director at Titan FX, the biggest priorities are investing in education and relaxing immigration rules for foreign skilled workers and the two are usually intertwined.
Knowledge industries, such as fintech, are our best chance to grow our economy. All it takes is an internet connection and an education. Unfortunately, Vanuatu has a schooling average of just 6.8 years and only 5% of our youth advance to post-secondary studies, so we cant even fill all the currently open positions, St-Hilaire explained.
Importing foreign skilled workers would not only fill the skill gap, it would provide mentors for the next generation of local knowledge workers. Foreigners are bringing both their skills and teaching capacity.
St-Hilaire pleaded for a change of mindset in which Vanuatus opens its borders to foreign workers, instead of scaring them away with cumbersome visa rules.
In his view, the FDL program perfectly demonstrates his theory: Each new FDL can pair a local with a foreign worker, who trains them, so we grow into two plus two, three plus three, and so on. Our sector already employs about 110 people, who, in turn, support their families and spend their earnings in the community. These jobs didnt exist five years ago, so foreign workers didnt take them away from anyone. We created a whole new industry from scratch by importing the skills we needed.
He stressed that the current immigration rules are not protecting anything, theyre only damaging future opportunities for local kids.
St-Hilaire was joined by Howard Aru, the former CEO of the Vanuatu Foreign Investment Promotion Agency and current GM at the Vanuatu Chamber of Commerce, who seconded St-Hilaires call for a change in thinking.
Ive been singing this song for 20 years. Hopefully more industries will follow fintechs lead, Aru stated.
This article was written by Nicolas Ritoux at www.financemagnates.com.
Avail, led by a Polygon co-founder, raises $75 million to tackle Web3 challenges like fragmentation and data availability.
The Pacific Island nation of Vanuatu expects to endorse adigital asset and service provider bill in September. Branan Karae,Commissioner of the Vanuatu Financial Services Commission (VFSC), announcedthis at a digital assets symposium organized by the country's financialregulator on June 27. The bill is expected to be enacted during the first weekof Parliament.
New Legislation to Regulate Virtual Asset Services
Loretta Joseph, a VFSC policy consultant and speaker at theconference, stated that the bill had been ready for several years but faceddelays due to multiple cabinet changes. The bill, first introduced in 2020,will establish licensing and registration requirements for virtual assetservice providers (VASPs), allowing them to operate legally within the nation.
Joseph explained that the bill will help Vanuatu meetstandards set by the Financial Action Task Force (FATF). The FATF mandates thatcountries assess and mitigate risks associated with crypto service providersand activities. The FATF is calling on countries to have legislation aroundvirtual assets. No country in the world can ignore this, Joseph said.
The proposed act includes five license classes, coveringservice providers that exchange virtual assets and fiat currencies and thoseoffering crypto custody, among other functions.
The VFSC will monitor all VASPsto ensure adherence to Anti-Money Laundering and Counter-Terrorism financinglaws. The Commissioner will have the authority to veto licenses and appointinspectors to ensure compliance.
#Vanuatu is set to pass a long-awaited digital asset and service provider bill in September, establishing licensing and registration requirements for virtual asset service providers (#VASPs) to operate legally. The bill, delayed due to several cabinet changes, aims to meet pic.twitter.com/sK8l5YswBX
TOBTC (@_TOBTC) June 27, 2024Launching Fintech Sandbox
The act also introduces a Fintech Sandbox Utility,allowing companies to operate for 12 months without a license initially. Theact mandates that any person conducting VASP activities must be licensed, withpenalties including fines of 25 million Vanuatu vatus ($207,700) orimprisonment for 15 years. Corporations can face fines of $2.1 million.
Vanuatu, located in the South Pacific Ocean and consistingof 13 principal islands, had a gross domestic product of $1.1 billion in 2022,according to the World Bank. The economy is primarily based on agriculture,with 80% of the population engaged in agricultural activities.
It is alsoregarded as a tax haven and international financial centre, according to the USState Department. The country hosts around 2,300 registered institutionsoffering offshore banking, legal, accounting, insurance, and trust services.
This article was written by Tareq Sikder at www.financemagnates.com.Crypto analyst Tolimanu has used the Elliott Wave Theory to provide insights into where Bitcoin currently is in this market cycle. Based on his analysis, the bull run is not yet over, with the flagship crypto set to reach new highs. Elliot Wave Theory Shows Bitcoins Current Position In This Cycle In an X post, Tolimanu noted that in Elliot Wave Theory, a 5-wave move up typically marks a primary trend, and an ABC correction is a natural retracement of that trend. Based on this, he stated that unless this Bitcoin correction breaks major long-term support levels, such a decline would typically set up the next higher-degree bullish phase. Related Reading: LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000 On the bearish side, his accompanying chart showed that Bitcoin could still correct to as low as $73,969 on wave C of the ABC correction. However, as the analyst suggested, a hold above this support level could send BTC to new highs. Technical expert Tony Severino also recently warned that the Bitcoin price is in a precarious position. Despite the recent surge, he suggested that BTC is still in a bearish position. The expert remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero. In another post, Severino noted that Bitcoins daily RSI failed to get above 70, which is a key trigger required for a bullish impulse. He remarked that failure at 70 the last time led to the most vicious leg down of the last bear market. He added that the entire bear market remained below 70. The technical expert also noted that in 2023, the two local tops did make it above 70, but it wasnt convincing enough, while in 2024, the entire corrective phase stayed below 70 on the RSI. Basically, Severino highlighted the importance of 70 on the RSI and how BTC is still in a bearish position. BTC Looking To Fill CME Gaps Below And Above Crypto analyst Titan of Crypto revealed that Bitcoin is looking to CME futures gaps below and above its current price. The upside gap is between $96,480 and $97,300, while the downside gap is between $91,990 and $93,400. In another post, the analyst suggested that BTC might fill the downside gap before moving to the upside targets. Related Reading: Bitcoin Price Confirmed Local Bottom As All Indicators Flash Bullish, Wheres Price Headed? This came as he noted that the next key support for Bitcoin is the daily Fair Value Gap, which is around $90,000. The analyst added that a bounce from that zone is likely. His accompanying chart showed that the target on this bounce is $102,096. At the time of writing, the Bitcoin price is trading at around $94,300, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Siemens, in collaboration with NVIDIA, is revolutionizing manufacturing through industrial AI, enhancing automation and efficiency on factory floors globally. (Read More)
What if the wildest crypto gains this month come not from the most prominent names but the most unexpected memes? As Bitcoin bounces off key levels and sparks yet another altcoin frenzy, traders are zooming in on the Best Meme Coins to Invest in Nownot just to flip fast, but to hold for that rare 10x, 44x, or even 100x multiplier.
The post Best Meme Coins to Invest in Now: Popcat, Peanut the Squirrel, and a Cat Out of the Bag as Stage 6 Nears appeared first on Kanalcoin.
According to Gowanus Monster in a recent post on X, Cardano (ADA) appears to be carving out an inverse Head and Shoulders (H&S) bottom formation on the daily chartan increasingly credible signal that could mark a major shift in its price trend. This bullish reversal structure, which features a lower low (head) flanked by two higher lows (shoulders), is typically seen near the end of a downtrend and often precedes a sustained upside move. If the price continues to respect the formation and approaches the neckline with increasing volume, it could set the stage for a breakout. Such a move would serve as a strong bullish confirmation and may kick off a meaningful upward trend. Neckline Break Confirmation: The Key To Validating The Bullish Reversal One of the most crucial elements underscored in the Gowanus Monster detailed analysis is the well-established downtrend that precedes the formation, an essential criterion for a valid bullish reversal. Related Reading: Cardano (ADA) Bulls Push for Breakout Is a Sharp Rally Next? Adding further credibility to the setup, Gowanus Monster pointed out the notable symmetry of the pattern. The left and right shoulders are well balanced in height and duration, a classic trait of a bottom. This kind of proportionality enhances visual clarity and increases the likelihood that the pattern will resolve to the upside. Historical data shows that symmetrical structures often have higher breakout success rates, which strengthens confidence in this particular scenario for Cardano. He also emphasized the importance of the outer neckline, currently positioned near the $0.774 level. This key resistance zone is even more significant because it aligns with the 200-day moving average. The convergence of the neckline and the 200MA creates a technical inflection point that could determine the next phase of ADAs price action. According to Gowanus Monster, a daily close above the neckline and the 200-day MA would confirm the inverse Head and Shoulders pattern and serve as a strong breakout signal from bearish to bullish. Until that confirmation occurs, traders are advised to stay alert and watch how ADA behaves around this pivotal level, as failure to break through could delay or invalidate the bullish scenario. Inverse Head And Shoulders Price Target For Cardano Conclusively, Gowanus stated that once this breakout is confirmed, it could result in a potential upside target near the $0.98 mark. This level isnt arbitrary; it reflects the approximate height of the pattern added to the breakout point, offering a realistic price objective based on historical chart behavior. Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Reaching $0.98 would mark a significant recovery from Cardano’s recent lows and attract renewed investor interest. Such a move may re-establish bullish sentiment in the Cardano dynamics, particularly if it coincides with rising volume and improving market conditions. Featured image from Adobe Stock, chart from Tradingview.com
One X user suggested that PNUT has a 100x potential.
IBM is advancing semiconductor manufacturing by integrating AI and automation, enhancing efficiency and innovation in fab operations. (Read More)
The SoftBank-owned research and development firm Arm said it will develop its own artificial intelligence chips as its owner reports profits after shifting focus to AI.
What if you could rewind time and grab a meme coin before it went viral? Thats exactly how early PNUT holders feltthose lucky enough to ape into Peanut the Squirrel (PNUT) when it quietly dropped on-chain back in late 2023. Launched at a tiny price of just $0.003, PNUT barely made noise at first. But those who saw the potential back then are now counting serious profits. The coin surged as retail investors and meme-lovers rallied behind its quirky branding, tight supply, and cult community. Its no longer a hidden gemits a missed train for many. But what if that same wealth window is cracking open again?
The post From PNUT to BTFD: Missed One Moon? This $0.0002 Entry Could Be Your 2900% ROI RedemptionBut Stage 15 Ends Any Day Now appeared first on Kanalcoin.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
