Spil America braced itself for Hurricanes Harvey and Irma te the past few weeks, the cryptocurrency world suffered its own massive storm. However prices are rising once again, the most popular digital currency, Bitcoin, plummeted on news that China shuttered all cryptocurrency exchanges, and JP Morgan Pursue Chairman Jamie Dimon threatened to fire any of his traders who bought the coin.
To add fuel to the fire, North Korea announced it would increase its attempts to hack into the South Korean Bitcoin exchanges to steal billions of dollars ter Bitcoin and evade global sanctions, making the anonymous digital currency — already the choice of terrorists, drug dealers and organized crime around the world — seem unstable and dangerous. This volmaakt storm ravaged the digital currency world.
X The storm broke and prices embarked climbing, but many te the coin world wondered when the next hurricane would form — or if there might be a fresh day of promise dawning soon.
Dawn came last week te Panama. Spil the coin world wasgoed buffeted by the market swoon, officials of an entirely different kleuter of digital currency calmly met with leading governmental and industry officials te Panama City.
The fresh digital currency — AML Bitcoin — wasgoed created to avoid the problems of the current crop of anonymous cryptocurrencies. The coin will launch publicly te an initial coin suggesting on Oct. 1, 2018, and spil stated te its very name, the fresh AML Bitcoin is designed to be “Anti-Money Laundering” and is otherwise compliant with all the requirements promulgated ter the Patriot Act that apply to all banking and financial institutions. That’s the big difference.
Ter Panama, AML Bitcoin founder Marcus Andrade met with leaders te government and industry, including the banking sector.
“Wij expected to raise rente, but never expected the unbounded enthusiasm wij encountered,” said former Ambassador Carlos Den Lade Guardia, vice voorzitter for Latin America for AML Bitcoin. “Our discussions with the leading banks will lead to tremendous opportunities for our digital currency both ter Panama and via the world.”
Den Lade Guardia added, “Wij commenced groundbreaking discussions with the Panama Maritime Authority to use AML Bitcoin te their payment structures, spil well spil with the entities that provide the world’s largest ship registry te Panama to incorporate AML Bitcoin te their operations.” Panamanian-flagged vessels predominate the shipping industry and international trade.
While other digital currencies have come under attack from governments via the world, including te the United States, AML Bitcoin’s executives have found the opposite: enthusiastic rente te many nations, including during their excursion to Panama, and particularly within the banking industry, which has traditionally shown the greatest animus to digital currency.
The rules that AML Bitcoin observes, disregarded by the anonymous digital currencies, protect banks and financial institutions from invasion by criminals and other malefactors. Following those same rules protects AML Bitcoin users, and enables them to serve customers operating te the established financial markets and mainstream commerce.
Andrade explains, “The vulnerability of old Bitcoin to terrorists, drug dealers, ransomware and thieves sharply boundaries its capacities te financial markets and mainstream commerce. The fresh AML Bitcoin, however, can operate flawlessly well ter all financial markets, serving all institutions, even multinational corporations.”
That wasgoed what excited officials ter Panama, and is energizing government and private-sector officials everywhere AML Bitcoin has bot discussed, including the Port of San Francisco, where officials are considering using this fresh digital currency te the seaport’s passage and docking fees and other payment structures. The other American ports along the westelijk coast are also paying attention and commencing to see AML Bitcoin spil the solution to their desire to permit a safe digital currency into their systems.
Panama is tailor-made for a compliant digital currency, such spil AML Bitcoin. That nation has suffered immensely of late from the invasion of money-laundering drug cartels, and wasgoed skewered by the latest “Panama Papers” scandal, which exposed hundreds of illicit canap accounts. Spil the leaders of that significant sector attempt to rebuild their international reputation, AML Bitcoin seems poised to play a major role.
Catin Vasquez, former Panamanian Secretary of Economy and Finance and Financial Director for the Panama Colon Authority, added: “AML Bitcoin has come to Panama at the right time. This unique compliant digital currency solves the anti-money-laundering concerns of our banking and financial institutions while providing our economy a path to participate te the global revolution ter cryptocurrency.”
The latest storm-battering of digital currencies may leave lasting scars, but spil of Oct. 1, AML Bitcoin will likely provide the most secure bulkhead everzwijn for the cryptocurrency world.