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Cision Canada
02-05-2025
- Business
- Cision Canada
Interlace Debuts at Token2049 to Accelerate Web2-Web3 Integration Across MENA
NEW YORK, May 2, 2025 /CNW/ -- Interlace, a pioneering financial innovation platform bridging traditional (Web2) and decentralized (Web3) ecosystems, is making a high-impact debut at Token2049, the world's largest cryptocurrency conference. The event draws more than 15,000 global Web3 leaders, investors, developers, and policymakers to the heart of the Middle East's burgeoning digital economy. As the MENA region solidifies its status as a strategic launchpad for blockchain and digital finance, Interlace is leveraging Token2049 to highlight its global ambitions and regional integration efforts. Through a combination of keynote speeches, panel participation, side events, and interactive showcases, the company will spotlight its technological breakthroughs, regulatory strategies, and innovative Web3 solutions designed to advance financial inclusion and digital infrastructure. Token2049 has cemented its position as the premier global platform for blockchain dialogue and innovation. With MENA emerging as a magnet for crypto and fintech enterprises—thanks to its progressive regulatory framework and strong investor base —the event provides fertile ground for companies like Interlace to scale their operations in high-growth markets. Driving Web3 Compliance and Strategy in the Middle East Michael Wu, Founder and CEO of Interlace, was recently invited to speak at the event Mastering Web3 Finance and Compliance: Blockchain & Beyond, where he joined a panel discussion exploring regulatory frameworks and emerging trends in the Middle East's Web3 ecosystem. Drawing on Interlace's extensive global experience, Wu provided a deep dive into the region's compliance landscape. He emphasized the UAE's regulatory efficiency as a strategic advantage for Web3 companies, stating: "In MENA, it takes only a few months to obtain a Virtual Asset Service Provider (VASP) license, whereas the same process can take up to two years in Singapore. In the United States, conflicting federal and state regulations create persistent uncertainty for businesses." This favorable regulatory environment, he noted, has enabled Interlace to accelerate its expansion into the Middle Eastern market. Wu also outlined Interlace's proactive compliance strategy, highlighting early regulatory investment as a foundation for building long-term competitive advantages. "We've secured key licenses—including MSB (Money Services Business), MSO (Money Service Operator), and VASP—across major markets such as Hong Kong, the U.S., and Europe," he shared. He stressed the importance of integrating technology with compliance, citing the use of biometric solutions to streamline Know Your Customer (KYC) procedures. This approach not only ensures regulatory adherence but also enhances user accessibility. "Compliance is not a cost," Wu asserted. "It's the foundation of brand trust. For institutional partners and investors, regulatory compliance is non-negotiable—and critical for sustainable growth." Addressing the convergence of traditional finance and Web3, Wu presented Interlace's multi-license model as a blueprint for cross-border innovation. "Our crypto payment card enables seamless interoperability between on-chain digital assets and off-chain consumer transactions," he explained. "This functionality requires a high degree of cross-jurisdictional compliance." Wu concluded by sharing that Interlace is actively expanding its footprint in the Middle East, bringing its regulatory expertise and compliance technology to support the region's rapidly evolving blockchain infrastructure. Unveiling Innovation at Premier Side Events Beyond the main conference, Interlace will engage audiences at high-profile side events including 1001 Crypto Nights, Gilded Mirage, and the Hack Seasons Conferencei. These gatherings delve into themes such as the convergence of legacy finance with decentralized protocols and the region's unique role in accelerating Web3 adoption. Interlace will showcase its Card-as-a-Service (CaaS) API solutions tailored for the PayFi sector, as well as its custom-designed physical banking cards —which double as exclusive, limited-time gift cards. These cards demonstrate real-time "on-chain to off-chain" transaction capabilities, offering attendees a tangible experience of seamless Web3-enabled payments. A Strategic Leap Toward Global and Regional Impact Interlace's presence at Token2049 is more than a product showcase—it represents a pivotal step in the company's global expansion and MENA market penetration. As the company deepens its engagement in the region, it aims to collaborate with local institutions to build robust, inclusive digital financial ecosystems. Wu reflected on the significance of the Middle East in shaping the future of blockchain finance: "The Middle East is rapidly evolving from an energy stronghold into a center of digital innovation. Its open regulatory approach and dynamic capital environment make it a strategic region for Web3 transformation. At Interlace, we're committed to co-creating resilient financial infrastructure with local partners—enabling businesses and users to fully benefit from the potential of blockchain technology. We see MENA as a future global benchmark for Web3 applications."
Bahrain News Gazette
11-03-2025
- Business
- Bahrain News Gazette
Bitget's Continues to Strengthen Community Initiatives in February, Transparency Report Highlights
Bitget's Continues to Strengthen Community Initiatives in February, Transparency Report Highlights VICTORIA, Seychelles, March 11, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its February 2025 transparency report, marking yet another landmark month of industry recognition and ecosystem growth. Driven by innovation, strategic business decisions and a strong demand for trustworthy platforms have pushed the ecosystem to expand beyond expectations. Starting off February, Bitget ranked #8 on Forbes' prestigious list of Top Trusted Crypto Exchanges, reinforcing its dedication to security and transparency. This acknowledgement is the result of Bitget's continued efforts to build a resilient and trusted platform among users. Further strengthening its global footprint, Bitget successfully obtained the Virtual Asset Service Provider (VASP) license in Bulgaria, allowing it to expand its services under the European Union's MiCA regulatory framework. Celebrating an impressive 2024, Bitget distributed a total of $70 million in bonuses to its employees. This record bonus distribution highlights Bitget's strong growth and is a nod to the team's effort in driving growth. With community-driven support and innovation, Bitget announced the launch of a new round of Bitget Builders, led by Bitget COO Vugar Usi Zade. February also saw the largest hack in the crypto industry, with Bybit facing a $1.5 billion loss. As a symbol of solidarity, Bitget extended its support by transferring funds to support withdrawals. Prioritizing security measures and collaboration, Bitget remains steadfast in reinforcing trust in the crypto industry. Bitget continues to experience impressive growth, with over 100 million users globally. The platform boasts a daily trading volume of $20 billion and has seen significant engagement in both spot and futures markets. With a growing user base, Bitget prioritizes security, with its Protection Fund maintaining a value of $600 million to enable users to trade confidently. Expanding its offerings, Bitget integrated with Callpay, enabling South African users to make ZAR deposits directly. Bitget Wallet introduced the USDT staking program for users to earn passive income, also introduced BGB onchain staking and also integrated Abstract Mainnet to simplify on-chain access. Bitget ranked highly in liquidity management, in a research on how centralized exchange liquidity depth affects user experiences. Bitget also published a report on its AI-powered recruitment initiatives, aimed at improving hiring practices and the quality of candidates. Bitget made strides in its CSR initiatives, launching the first Bitget Graduate Program designed to recruit and cultivate the next generation of web3 talent. With its strategic advancements, expanding regulatory compliance, and a focus on user-driven innovation, Bitget continues to contribute towards the acceleration of crypto worldwide. As the company moves forward, its mission remains to foster a secure, transparent, and inclusive crypto ecosystem for users globally. For the full transparency report, please visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
Yahoo
30-01-2025
- Business
- Yahoo
Coinbase gains VASP registration in Argentina
Cryptocurrency platform Coinbase has obtained a Virtual Asset Service Provider (VASP) registration from Argentina's National Securities Commission (CNV). This approval will allow the company to operate legally within Argentina's framework. It will enable Coinbase to offer localised services in the region tapping local payment methods and customer support. Matías Alberti will lead Coinbase's operations in Argentina, which has 5 million crypto users daily. He has experience in operations, strategy, and market expansion, having worked with fintech firms such as Buenbit and Clara. Coinbase Americas director Fabio Plein said: 'Matías brings a wealth of experience and a deep understanding of the local market. We're confident in his leadership as we work to bring crypto services to millions of Argentinians.' According to the company's research, 87% of Argentinians believe in crypto's ability to offer more financial independence, while 79% are open to receiving crypto payments. Plein further stated: 'Security and trust are at the core of Coinbase. We are committed to offering Argentinians a platform that meets the highest industry standards while ensuring ease of use.' Coinbase plans to launch local educational initiatives to help users fully understand and utilise the benefits of cryptocurrency. Plein added: 'Our educational initiatives will equip Argentinians with the knowledge and confidence they need to navigate the opportunities and challenges of the crypto ecosystem.' Last month, Coinbase collaborated with Apple to facilitate cryptocurrency purchases through Apple Pay in third-party apps, streamlining the fiat-to-crypto conversion process. Coinbase's platform allows individuals to buy, sell, transfer, and store cryptocurrency, as well as convert it into their local currency and vice versa. "Coinbase gains VASP registration in Argentina " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
