Licensing of cryptocurrency exchanges.
All existing cryptocurrency exchanges can be divided into two large groups.
The first group is the classic cryptocurrency exchanges that provide the opportunity to trade only cryptocurrency pairs.
The second group includes exchanges that support trading not only with cryptocurrency pairs, but also cryptocurrency trading with fiat funds (traditional currencies, for example, dollar, euro, yen). Also, it supports the entry and withdraw of traditional currencies.
Thus, exchange licenses can also be divided into two groups:
-traditional licenses that regulate financial transactions and which are indirectly covered by cryptocurrency transactions (for example, in the USA, Hong Kong).
-specialized crypto-licenses, which are specially introduced by the competent state authorities for the settlement of cryptocurrency exchange operations (for example, in Japan and Estonia).
Bahrain now deserves special attention, as the regulation of Fintech activities is being actively implemented there and research of cryptocurrencies and the possibility of their introduction into the economy at the state level are being conducted.
Regarding jurisdiction for obtaining licenses for conducting cryptocurrency exchange activities, the following countries are currently the most popular:
-Japan;
-Estonia;
-USA;
-Hong Kong;
-Singapore;
-Great Britain;
-Bahrain.
Facebook — Twitter — Reddit — Steemit — Telegram group — Telegram channel
#pre-sale #ico #ADAB #adabsolutions #cryptocurrency #blockchain #Adab #Muslims #investments #crypto-economy #Islamic #finance #cryptocurrency #exchange #FICE #Shariah #trading #cryptocurrencies #Muslim #community #market #digital #economy #swifttransfer
ADAB has developed the world's first Islamic crypto exchange. This is a very necessary and useful idea that will be an attractive step for millions of Muslims.
Congratulations @adabsolutions! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Having a trading platform that supports crypto - fiat pairs will really make an interesting trade. System should however employ funding and withdrawal to fiat directly and it will really be awesome. Adab is thinking big
Fiat money will gradually leave the market. Soon all operations will take place exclusively in cryptocurrency. This will happen in a few years. The future belongs to blockchain technology. Join ADAB Solutions, it's your future.
The ADAB project has been at hard work to make its service available to as many as people across the world. It is based on Islamic law and it will deliver on its promises.
I think the second group that supports both trading with cryptocurrency pairs and cryptocurrency trading with fiat funds is good one. It will provide traders many choices. Anyway ADAB Solutions has a smart team and goal.
Here you can see a promising blockchain project with talented team members, top class customer service, great idea and clear roadmap. A wonderful project for investors.
I'm sure that we all can earn a lot of money here, since this project has a huge potential for development, the team that works on this company is technically clever people !!!!
I have much hope and expectation that investing in ADAB Solutions will give much returns. The project has a solid team and it has made promises of maintaining honesty and transparency, which will give assurance to investors.
Bit-M is getting a 15% bonus when buying ADAB now. This is an opportunity for those who want to invest in the best IEOs in 2019.