Aug 28, 2019

28/8 Webinar Exchange Platform Update

Update meeting with EU authorities

* Approved compliance and anti-money laundering / terrorist financing procedures-signature
* BCP (business recovery plan)-approved
* DRP (disaster recovery plan)-approved
* Risk Management-Approved
* Stress Test-Complete

Here,
BCP = "Backup Plan" What will you do if the exchange platform crashes?
DRP = What will you do when the server is completely down?

Meeting update with EU authorities

About License-Approved and started operating

Some specific requirements

* Exchange companies must appoint compliance officers, internal management officers and external auditors.

The exchange company is ready for all of the above mentioned hiring from September 1, 2019.

-They agree to have a policy of leverage (using other capital to raise capital), but current capital is not accepted because it wants higher capital, and the exchange company's leverage once more is negotiated .

* The second requirement is part of the limit, and the exchange company must combine the limits already established with the new requirements.

In the case of cryptocurrencies, they will send a form to submit this week and will be approved for each cryptocurrency to be traded.

Transactions without authorization will result in fines and three fines will lead to the cancellation of a license.

After the additional requirements have been met, the workday begins.

(Commentary)

There were meetings last week and this week with authorities such as exchange companies and CBs, and for some new requirements, the working day begins soon after the additional requirements have been met.

The exchange company should appoint compliance officers, internal management officers and external auditors, who are ready to do so on 9/1.

There also seems to be a demand for higher capital stocks than at present.

The exchange company must combine the limits already established with the new requirements, and are in the process of signing up and approving when a form specifying each cryptocurrency to be traded arrives.

In order not to be penalized or canceled, the transaction must be initiated after approval of the transaction of cryptocurrencies.




Post date 28 August 2019
=============
Vietnamese Translation:
http://www.tuvanonecoin.net/2019/08/webinar-28-8-san-giao-dich.html

No comments:

Post a Comment