Re: [ANN][ICO+Bounty] Midex | Financial platform with LICENSED exchange
Bitcoin Garden: Midex Launches the First EU Regulated Crypto-to-Fiat Exchange
https://bitcoingarden.org/midex-launches-the-first-eu-regulated-crypto-to-fiat-exchange/
Midex, an international company with HQs in Estonia and representatives in Asia, has announced the launch of the first EU regulated crypto-to-fiat exchange. With the trading performance of millions of operations per second, a wide range of deposit and withdrawal methods (wire transfers, payment cards, instant payments), support of the top trading pairs, and a robust security system, the platform is here to meet the needs of crypto beginners and professional traders.
The key pillars of the Midex exchange are legality and safety. Midex is the cryptocurrency exchange that has obtained a termless operating license with the number one (FVR000001), allowing it to provide services of exchanging virtual currencies to the fiat and vice versa.
Moreover, the platform has developed an advanced security system, according to which the main assets are stored in cold wallets, where the private keys are presented as multi-sig, hence, not a single person in the company is able to access e-wallet at any time. Keys have never been performed to the devices or connected to the web, and are stored in geographically distributed locations. The Midex alert system blocks any operations in case of violation of database integrity or an unauthorized change.
When it comes to the crypto-to-fiat exchange, the ability to easily deposit and withdraw funds are a sticking point for many platforms. Midex already launches with such payment options as bank transfer and cards (VISA, MasterCard, and JCB). In the beginning, most of the deposit methods are free of charge....
https://bitcoingarden.org/midex-launches-the-first-eu-regulated-crypto-to-fiat-exchange/
Midex, an international company with HQs in Estonia and representatives in Asia, has announced the launch of the first EU regulated crypto-to-fiat exchange. With the trading performance of millions of operations per second, a wide range of deposit and withdrawal methods (wire transfers, payment cards, instant payments), support of the top trading pairs, and a robust security system, the platform is here to meet the needs of crypto beginners and professional traders.
The key pillars of the Midex exchange are legality and safety. Midex is the cryptocurrency exchange that has obtained a termless operating license with the number one (FVR000001), allowing it to provide services of exchanging virtual currencies to the fiat and vice versa.
Moreover, the platform has developed an advanced security system, according to which the main assets are stored in cold wallets, where the private keys are presented as multi-sig, hence, not a single person in the company is able to access e-wallet at any time. Keys have never been performed to the devices or connected to the web, and are stored in geographically distributed locations. The Midex alert system blocks any operations in case of violation of database integrity or an unauthorized change.
When it comes to the crypto-to-fiat exchange, the ability to easily deposit and withdraw funds are a sticking point for many platforms. Midex already launches with such payment options as bank transfer and cards (VISA, MasterCard, and JCB). In the beginning, most of the deposit methods are free of charge....
this is really interesting.
I really hope that some of you may help me to understand better some of this info. What do they mean with "EU regulated crypto-to-fiat exchange"? what is the difference, for example, from kraken (that belongs to europe too)?
and where you convert you fiat into crypto or crypto into fiat, in exchange. so exchange should regulated for crypto into fiat
for this process midex exchange needs time also process every midex exchange user verified by KYC.
exchange must follow the rules and regulation by the gov for turning their exchange to crypto-to-fiat exchange
thank you, but you didn't answer my question
you told that exchange should regulated, but i would like to know: in which way?