RoboForex has been in business since 2009, and the Financial Services Commission regulates it in Belize under the [license number 000138/210](https://chartiran.com/en/34/roboforex-review/). This allows it to operate in most countries. It has a profit share bonus and offers negative balance protection. It also provides a variety of trading platforms and leverage levels.

## Profit-share bonus

The Profit share bonus at RoboForex is available to all lMetaTrader4 (MT4) and MetaTrader5 (MT5) account types that use USD and EUR as their base currency. The profit share bonus is based on a small commission of $20 for every million USD in turnover. For scalping, RoboForex is a good choice. The commission is low, and the trading conditions are excellent.

The Profit Share bonus can be used during a drawdown. This will reduce your losses. The profit share bonus can be received on a MetaTrader4 or MetaTrader5 account of either the Fix or Pro-type. The ECN accounts are not eligible for the Profit Share Bonus program.

## Trading platforms

Roboforex trading platforms are available in different types. The most popular one is the RoboForex account. It features optimal trading conditions, a minimum deposit of just 10 USD, and commission-free trading. The spreads and leverage levels are as low as 1.3 pips. There are six different types of orders available on this platform, and it supports MT4 and cTrader.

RoboForex provides [access to over 12 thousand markets](/news/article/crypto-impact). With a minimum deposit of 10 USD, the Prime and ECN Accounts have low commissions. These accounts also allow traders to trade using MT4 and c-Trader, as well as its proprietary platform, R-Trader. This trading platform also supports scalping, hedging, and netting. In addition, it supports multiple asset classes and offers floating spreads.

## Leverage levels

RoboForex is a global company that provides brokerage services to clients from many countries. It has recently increased the leverage levels for clients trading in cryptocurrencies. As of September 1, customers can trade up to 1:50 leverage. This will give them more flexibility in their trading and make it more convenient. 

## Negative balance protection

Negative balance protection is a feature that many retail forex brokers offer. This feature reassures newcomers that the service provider will protect their money if they incur a negative balance. This feature is a guaranteed margin call and has become an industry buzzword.

Most retail forex brokers in Australia, the UK, and Europe offer this feature. It applies to leveraged products such as forex and CFD trading. The service is available only for retail clients and is not offered to professional traders. The concept came to light in 2011 when the Swiss National Bank decided to stop holding the franc against the EUR, and traders who were shorting it ended up with massive negative balances and lost more money than they had in their accounts.

## Minimum deposit

If you are looking for a trading website with a low minimum deposit, you've come to the right place. RoboForex offers many accounts, and the minimum deposit for first-grade accounts is only USD 10. If you're more experienced, you can choose a higher-grade account. This type of account will allow you to deposit larger amounts, but the downside is the risk involved.

RoboForex offers a variety of bonuses, including a Profit Share Bonus, which increases your first deposit by 60%. It also offers a Classic Bonus of up to 120%. It also has a birthday promotion that gives you a chance to win $1,100,000. For added security, RoboForex provides support in eleven languages, and a green chat button lets you contact a live customer service representative.

## Customer service
RoboForex customer service offers a wide variety of options for customer support. They can be reached via phone, email, live chat, and social media. Support representatives are available around the clock and can help in many languages. You can also get in touch with them via social media, like Twitter or Facebook.

RoboForex offers multiple deposit and withdrawal options, including Islamic accounts. The majority of these methods do not charge any fees. 

The company also claims to process withdrawal requests within two business days. RoboForex claims it follows all anti-money laundering rules and follows KYC protocols. You can also receive fast and detailed replies in multiple languages.



RoboForex Review

[DAO Maker](https://daomaker.com/) is a blockchain project Launchpad that provides growth solutions to crypto startups. Since its launch in 2017, it has launched over 100 crypto projects and raised over $30 million. Some of its most successful projects include My Neighbor Alice, Orion Protocol, and LaunchX.

Besides investment opportunities, the platform also provides other services, including incubation, operations, and advisory services, which help grow nascent blockchain-based projects.

## The platform

There are many reasons the DAO Maker is considered the best Initial DEX Offering (IDO) and Initial DEX Offering (IGO) Launchpad for crypto projects. 

It also has excellent features and products that enable worthwhile service delivery. Its most notable features and products include the DAO;
Pad: a multi-investment platform that connects the Launchpad's community with upcoming crypto projects.

Vaults: they are used to participate in DAO's offering and refundable token sale methods that include Strong Holders Offering (SHO), SEED sales, and Dynamic Coin offering (DYCO). Token holders can also stake their tokens in the vaults and earn yields.

Instant Swap: It allows crypto holders to swap their non-custodial wallet cryptocurrencies into the platform's utility tokens on decentralized exchanges.

Hub: it enables participants to earn social activity scores by promoting links and tweets generated by the project via the Hub Feed.

Social mining is another product that allows crypto startups to create communities and online exposure for their growth. It helps with building their ecosystems.

## How the platform works

DAO Maker requires users to lock up a certain amount of native tokens to participate in a project launch. For every token you stake, you'll receive 1 DAO Power. You can allocate your DAO Power to the sale you want to participate in.

Your position will be put into 1 of 5 available tranches, depending on the number of DAO Power you've spent. The trenches are;

·        Tranche 1: 500–999 DAO Power

·        Tranche 2: 1,000–1,999 

·        Tranche 3: 2,000–3,999 

·        Tranche 4: 4,000–9,999 

·        Tranche 5: 10,000+ DAO Power

The more DAO Power you hold, the higher your chances of winning a participation slot. If your allocation wins, your DAO Power will be locked for ten days. If it doesn't win, your DAO power will be returned immediately.

## The team

Christoph Zaknun and Giorgio Marciano are the co-founders of DAO Maker. Zaknun is the CEO, and Marciano the CTO. Zaknun holds a Bachelor's degree in robotics. He is credited with launching the Dog ICO. Before getting into the crypto space, he was a medical student. 
Marciano is a heavily experienced entrepreneur and IT engineer with over 13 years of experience in software development.

Other team members include Malte Christensen the COO, and Hassan Sheikh the CMO, a former lecturer in Mathematics and experienced business strategist. The Launchpad has more than 20 team members working to better its service delivery.

## The native token

The DAO token is the native utility token of the platform. The token can be used to participate in token sales on the DAO Pad platform. It can be staked to earn yields via the vaults. It can also be used to vote on various decisions concerning the platform's future.

The tokens have a max supply cap of 312,000,000 coins. There are currently 83,503,449 coins in public circulation. As of the time of writing, according to Coinmarketcap, each coin is worth $1.92. They are ranked 154th largest cryptocurrencies by market cap.

The digital coins can be bought on several crypto exchanges, including KuCoin, Gate.io, Instant Swap, Bithumb, and Uniswap.

## Successful projects launched on the platform

·        Orion Protocol: A Defi platform aggregates liquidity from centralized exchanges, decentralized exchanges, and swap pools.

·        My Neighbor Alice: A multiplayer blockchain-based game where players can buy and own land and gather and collect unique items.

·        LaunchX: a decentralized multi-chain IDO Launchpad platform that allows startups to raise funds across multiple blockchains.

·        DeRace: The world's first decentralized, blockchain-based racehorse platform. 

## Partnerships

Since its launch, DAO Maker has entered and continues to enter into strategic partnerships that help with its growth. 
So far, the Launchpad has partnered with the TRON network, Alliance Block, Alchemy Pay, PAID Network, Rainforest Foundation, Fantom Foundation, 4IRE LABS, Israeli Block Association (IBA), and the Warena Project, among others.

In August 2022, the platform announced a partnership with Binance for Custody service. It will use Binance's custody solutions to safeguard its assets and ensure they comply with all necessary regulations.

## Into the NFT space 

As of 2022, DAO Maker is venturing into the [NFT space](/news/category/nft-news) and Metaverse. It is soon adding an NFT Launchpad to its product listing, and its first project will be the Maradona D10S NFT collection. 

The NFT collection will feature 5,000 profile pictures of the late Diego Maradona, a world-renowned football player. The collection supports all Maradona's heirs and is the first-ever official Maradona-licensed NFT project. 

## Competitors

DAO Maker faces some competition from other blockchain-based Launchpads. Polkastarter is a significant competitor that has launched over 100 projects and raised close to $50 million in funding. 

The protocol, built on the Polkadot Network, is similar to DAO Maker. For example, it requires users to stake tokens to participate in early-stage investments. Their Launchpad also supports Ethereum and Binance Smart Chain (BSC) projects.

## Bottom line

DAO Maker has many features and products that enable it to stay true to its statement as the best IDO and IGO Launchpad for crypto projects worldwide. 

The platform offers a lot to crypto startups. Such projects have a reputable place to get the funding they need. They also have access to other services, including incubation, operations, and advisory services, that can help them grow.

Although its token is not performing that well as of writing, several crypto prediction platforms predict a promising future. However, it is the crypto space. You can never be too sure.



DAO Maker: Beginners Guide

The exciting crypto gambling dApp BetFury casino aims to provide a transparent and provably fair dApp in addition to an interactive crypto casino with over 5000 different games, including live dealers, slot, table, and jackpot games, from some of the best software providers in the gambling industry as well as internally developed games. Universe B. Games B.V. operates the crypto gambling platform. The platform is licenced in Curacao, making it a safe platform for players worldwide. The project was designed to provide new games, a BFG utility token, and the chance to win real money prizes.

BetFury went live in 2019, and the platform has grown in popularity in the [cryptocurrency](/news/article/what-is-market-cap-cryptocurrency) gambling industry since then. It enables users to fund their BFG account with some of the best digital wallets, such as Tron wallet or Binance wallet, and to store BTC and ETH in their MetaMask account. Aside from the extensive game lobby, it also includes sports betting options, which allow users to stake their money and win big.

## Types of games that BetFury casino offers

BetFury is not your typical casino; it not only sources exciting games from leading software providers but also holds a valid licence from leading licence providers. This platform is well-known for its in-house developed games. BetFury's games include slots, tables, jackpots and live casino games.

With such a diverse gaming portfolio, BetFury has repeatedly proven to be the most competitive casino in the crypto gambling industry, outperforming other non-decentralized casinos.

## BetFury: Review

BetFury can be summed up by saying that the website is well-known gambling or betting venue, and users worldwide have multiple accounts. Players enjoy playing at this online casino because of the bonus boxes, exclusive sign-up bonus, first deposit bonus, tournaments, deposit-free spins, provably fair in-house games, promotions, and an overall regulated platform. The platform also claims to offer all registered users one of the best security measures and exciting bonus features.

The website has a significant social media presence. It offers exceptional welcome bonuses that give away free BTC to anyone who wagers their deposit, demonstrating the casino's strong financial stability. Based on the VIP level, this casino offers a clear cashback percentage reward.

Despite its growing popularity, this online casino is still in its early stage and has the potential to become one of the biggest crypto casinos ever.
 



Betfury: The crypto gambling dApp

Bahrain is set to trial its first Bitcoin payment solution. The Central Bank of Bahrain (CBB) approved [OpenNode’s](https://www.opennode.com/) proposal for setting up a BTC payment infrastructure in the country. It is a BTC payment processor testing its infrastructure at the CBB’s [Regulatory Sandbox](https://www.cbb.gov.bh/fintech/). 

Lately, this gulf state has been working on transitioning its economy to rely more on blockchain and crypto. This move may further help its economy to reap [cryptocurrency benefits](/news/article/impact-of-cryptocurrency-on-society) and provide a better environment for doing business via cryptocurrencies.
  
## OpenNode to test BTC framework at Central Bank of Bahrain

On Tuesday, in a formal [press release](https://www.prnewswire.com/news-releases/opennode-to-test-bitcoin-payments-in-bahrain-301622510.html), the company announced that it would be providing a payout solution for Bitcoin in the country through the Central Bank of Bahrain. In 2017, CBB set up a regulatory sandbox for FinTech startups to bring regularised financial innovation to the country. Now, OpenNode will be using it to test its Bitcoin payment framework. 

According to the press release, the company identified no solution for BTC processing in the Middle East. However, there is a ‘growing interest’ in crypto among the investors in the region. 
The firm decided to establish its infrastructure in Bahrain to strengthen its economy further. Moreover, the firm intends to prove how Bitcoin means ‘better business’.

## Remarks from OpenNode’s CEO

Afnan Rahman is the Chief Executive Officer and the co-founder of the firm. While sharing his views on this trial, he declared it a “watershed moment for the people of Bahrain, the Middle East, and the Bitcoin Economy as a whole.”
Further, Rahman mentioned that his company is a leading solution for Bitcoin infrastructure, serving different governments, countries, and financial institutions to embrace BTC settlements for business. Also, he claimed that their framework provides a standard lightning network for transactions. 

## From petroleum-reliant economy to crypto economy

The Kingdom of Bahrain is a Persian Gulf state whose economy mainly relies on oil and gas. However, it aims to transform its economy through tourism and technological innovation. This also includes relying on blockchain technology and cryptocurrencies. 

Previously, the country made several attempts to reshape its economy into a crypto-friendly one. This included registering several exchanges like [Binance](/news/tag/binance-tag). It also listed CoinMENA, a crypto exchange compliant with the Sharia laws.
  
Moreover, its regulatory sandbox is attracting many FinTech companies. This also includes [JPMorgan’s](/news/tag/jpm) crypto firm Onyx. With these steps, the country is seeking to become a pioneer in crypto and blockchain technology in the Middle East. 



Central Bank of Bahrain to get BTC payment solution

The UK's currency, the Sterling, fell to 1 GBP/1.1403 USD, surpassing the trough of 1 GBP/1.1412 USD dollars seen at the start of the global pandemic in March 2020, before recovering to 1 GBP/1.15 USD. The Sterling has currently fallen 19% against the dollar since January.

The sharp drop in the pound's value could attract investors to cryptocurrencies such as Bitcoin, lift crypto price and encourage adoption in the UK. According to new research, the UK is the only major European economy that has seen massive growth in crypto adoption since the beginning of the year. Investors hope to recover from Sterling's price drop by moving toward crypto adoption.

According to Chainalysis, one of the likely causes of the UK's dominance in crypto is the city's thriving tech scene and world-class financial institutions. Decentralised finance, or DeFi, financial services operating on blockchain technology, accounts for just under half of all [crypto activity in the UK](/news/article/best-exchanges-for-crypto-uk).

The United Kingdom is ranked 17th worldwide for cryptocurrency adoption, up four spots from 2021. According to a [February 2022 survey](https://www.finder.com/uk/cryptocurrency-statistics), the cryptocurrency ownership rate in the United Kingdom is 6.1%. The number of cryptocurrency investors in the United Kingdom had increased by 103% since the start of 2018 when only 3% of the people - 1.5 million – owned cryptocurrencies.

Other than the United States, it is the only high-income country in the top 20. Other countries near the top list are emerging markets with volatile currencies and capital controls. Vietnam came in first place, followed by the Philippines and Ukraine.

## Kim Grauer Statement 

In conversation with the [Evening Standard](https://www.standard.co.uk/business/plunging-pound-could-be-lifting-uk-crypto-growth-b1025566.html), Kim Grauer, Director of Research at Chainalysis, gave the following statements:

"I don't think people think, 'the pound is down, so I'll turn to crypto,' but as the pound falls, other options may become more appealing -' my portfolio is seeing lower returns, let me think about other options.'

"One of the biggest reasons...many countries around the world push people into crypto is capital controls that make it free to transact," Grauer explained.

"Those people are happy to use crypto as an alternative, which is a different reason than in India, where people use it for NFTs."




Plunging pound could lift crypto price in the UK

E-Toro is a multi-asset online trading platform regulated by the UK's FCA Financial Conduct Authority (FCA). It is also regulated by the ASIC of Australia, CySec of Cyprus, GFSC of Gibraltar, and FinCen and FINRA of the United States of America (USA). 

Founded in 2007 by David Ring, Ronen Assia and Yoni Assia, E-Toro began as a forex trading platform before adding more assets, including crypto, in 2017. It quickly became one of the best trading platforms in existence. It currently serves over 200 million users in 140 countries worldwide. 


Among the many reasons E-Toro is liked and used by many traders and investors are its transparent fee structure, active community of users, and social features. One is Crypto Trader, a function that enables users to copy trades of experienced traders. 

 

This E-Toro UK review looks at what makes the trading platform worthwhile. 

## Why E-Toro Is a Great Trading Platform 

### 1. A multi-asset platform 

 

The platform allows users to trade over 2,000 financial assets, including stocks, commodities, indices, currencies, ETFs, and cryptocurrencies. A plus is that the assets can be invested with or without leverage, and traders can trade multiple purchases with a single account. 

 

### 2. Low fees 

 

Its service fees vary depending on the invested asset. However, they are pretty low. Opening a user account on the platform is free. There is no deposit or management fee even when traders copy other traders and invest in portfolios. There is no commission fee when investing in stocks. 

The platform, however, charges a 1% fee for crypto buyers and sellers. There is also a $5 withdrawal fee and a $10 monthly inactivity fee. 

 

### 3. Educational resources 

Users of the Israel-based platform also benefit from plenty of educational resources. The educational section is divided into News and Analysis, E-Toro Academy, E-Toro Plus, and The Bull Club. 

 

The News and Analysis section contains insightful investment information and the latest market news. The E-Toro Plus section lets users catch up on the latest market trends. The Bull Club section lets users gain investment knowledge from some of the world's most successful investors and financial leaders. 

 

The E-Toro Academy section provides investment resources to traders of all levels. There are resources ranging from beginner to advanced level investing. The area is divided into courses, topics, levels, and types. 

 

The types section allows users to learn about investing through guides, podcasts, webinars, and videos. They don't have to settle on one way of consuming content. Users also have the benefit of getting informed about upcoming webinars. Educational content is constantly getting updated. 

 

### 4. Social Trading 

 

Another plus for the platform is its social trading features. They include; 

 

Copy Trader: The function allows traders to copy the trading moves of top-performing traders in real time. There are plenty of top traders to choose from, and users can easily view valuable information about the trader's asset picks they wish to copy to ensure they are the best choice. 

Popular Investor Program: The program rewards traders for being copied. The more people copy a particular trader, the bigger their reward. The rewards are given on top of profits from trading and can reach as high as 2% of the copied trader's total AUC (assets under copy). 

Social News Feed: The feature enables users to follow financial instruments and traders they like, interact with other community members and participate in open discussions, and more. Users can post updates, share, and comment on other users' posts 

 

## How to Use E-Toro 

Go to https://www.etoro.com/ and create a user account. Click the highlighted "Start Investing" button to be taken to the sign-up page. You can create a user account with Google, Facebook, or your email. Remember to tick the acknowledgement boxes before clicking the "Create Account" button. 

 [![EtoroPicture1](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture1_6f3c4a46e8.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## Verify your account to start investing. 

Once you've verified your account, you can deposit funds to start investing or switch to a virtual version. The virtual account allows you to practice your trading skills without the risk of losing real money. $100,000 of demo money is available in your virtual account for practice. 

[ ![EtoroPicture2](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture2_632e2f533d.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

The minimum you can deposit on the platform varies depending on your region and country's regulations. It can be between $10 and $10,000. Once you've funded your account, you can choose which asset to invest in or trade. It is worth noting that E-Toro only operates in USD. 

You can choose from close to invest or trade in 80 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dash (DASH), and Litecoin (LTC). 

 [![EtoroPicture3](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture3_5ac5b4b306.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

Click on the cryptocurrency you wish to invest in or trade; let's use Bitcoin (BTC) as an example for this E-Toro UK review. Once you click on the BTC icon, you'll be directed to a page with all the necessary information about BTC. 

 [![EtoroPicture4](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture4_bcb280f1ba.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

When you click on the highlighted Trade button, a pop-up page will appear with the options to "Buy or Sell" BTC. The page also has a "Trade" button with a drop-down menu that will enable you to choose to place an "Order." 

[![EtoroPicture5](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture5_f4b6729f28.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## How to Start Trading 

E-Toro is an easy-to-use online trading platform. There is a "Help" section for anyone stuck using it. When you click the "Help" button, you'll get several guides to assist you when stuck. There is a search tab to type in your question for quick assistance. 

Some helpful guides to start with include: 

·     [How to verify your account ](https://www.etoro.com/customer-service/account-verification/)

·     [How to Deposit ](https://www.etoro.com/customer-service/deposit-faq/)

·     [How to Withdraw](https://www.etoro.com/customer-service/withdraw-faq/) 

·     [About Copy Trader ](https://www.etoro.com/customer-service/account-verification/)

 

The "Help" section also links to the [E-Toro Academy](https://www.etoro.com/academy/), where you can get more resources to help you learn about the platform and other investing and trading functions. 

 

## Bottom Line 

E-Toro is a great multi-asset social trading platform designed to cater to traders and investors of all levels, beginners and advanced. It is easy to use, has plenty of features, charges low fees, and has plenty of educational resources to help trade and invest in various assets. 





E-Toro Review - A beginners guide

According to Wendy Xiao Schadeck, a partner at Northzone, Web3 and web2 will most certainly begin to merge over the lifespan of this fund cycle, she stated in an interview with The Block.

## Crypto VC infrastructure

According to Xiao Schadeck, the venture capital company has the infrastructure to help entrepreneurs through equity investments. As well as token sales and has already participated in [token staking](https://www.theblock.co/post/169381/uk-venture-firm-northzone-eyes-web3-startups-with-new-e1-billion-fund?utm_source=telegram1&utm_medium=social). 

Furthermore, she hinted that, given the appropriate conditions, it might prepare the corporation to invest in a decentralised autonomous organisations [(DAO)](/news/article/nrch-crypto-explained).

Northzone, does not currently have exposure to NFTs, which Schadeck believes may change soon. Schadeck stated that the corporation is examining new investment modalities that align with its goals.
Shadeck also stated that, despite some of the challenges DeFi has faced, she is not discouraged, citing the de-pegging of Terra's UST in May, which hurt portfolio firm Gro, causing it to reconsider its approach to providing yield for customers.

Northzone, on the other hand, will keep a watch on the web3 infrastructure market and DeFi protocols such as Gro, according to Xiao Shadeck.

Northzone was created in 1996 as a generalist investor and has funded a wide range of technology startups, from open banking specialist TrueLayer and buy now pay later juggernaut Klarna to music streaming provider Spotify, who is said to be considering web3.

## Crypto VC fund possibility

Its portfolio firms are DeFi protocol Gro, web3 privacy company Sunscreen, and a startup crypto infrastructure, Magic Labs. Shadeck also told reporters that it is unknown whether Northzone would establish a cryptocurrency fund, as other European venture capital companies such as Aglaé Ventures and Cherry Ventures have done. She claimed that such a strategy would allow the company to engage in trading liquid tokens.

Venture Capital investing is speculative as an asset class and a crypto VC firm focused on innovation may be even higher risk. However, this of course comes with a higher reward.



Crypto VC firm invests in Web3 startups

The Chamber of Digital Commerce is an advocacy group and trade association for cryptocurrencies. On Monday, the firm published a report, [The Crypto Conundrum: Why Won’t the SEC Approve a Bitcoin ETF?](https://digitalchamber.org/crypto-conundrum/) In this report, the organisation has urged the Securities and Exchange Commission of the United States to approve the [Bitcoin ETF.](/news/article/bitcoin-etf-launches) 

The trade association argues that even though the demands for exchange-traded funds (ETF) are met, the SEC is reluctant to approve them. Earlier, the SEC also rejected the [Grayscale ETF application](https://www.coindesk.com/policy/2022/06/30/grayscale-sues-sec-over-bitcoin-etf-application-rejection/). However, the company sued the regulators, and the case is still in court. Amid this, the Chamber of Digital Commerce has made a public argument for bringing Bitcoin spot ETFs to the US. 

## Chamber of Digital Commerce’s stance on Bitcoin ETF

The organisation argues that the US regulators are blocking the way for BTC spot ETFs in the country. Many companies in countries like Canada and Australia are already providing related services to their investors. On the other hand, in the US, regulators have rejected the applications of 16 companies. 

“As the SEC continues to stonewall, the United States falls further behind other countries as capital that would have been invested in the US and managed by local firms employing American citizens is instead deployed in other, more innovation-friendly countries,” the firm explained.

In the report, the organisation further claims that the companies have complied with all the demands of the [SEC](/news/tag/sec), yet their applications are rejected. Moreover, it argues that denying the applications would not help protect the investors. Instead, it will force them to go with non-regulated options.
 
![Chamber of digital commerce Tweet](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Chamber_Of_Commerce_Tweet_c7e20d795f.jpg)

The organisation also made some allegations against the SEC’s chair Gary Gensler. The report argued that expanding the regulatory authority is a move for a “jurisdictional land grab.” Moreover, the report said that Gensler’s position restricts the communication between the regulatory body and the digital asset service providers. 


Chamber of digital commerce pushes for Bitcoin ETF

The United States Securities and Exchange Commission (SEC) has announced opening two new offices, bringing the number of SEC crypto departments to seven, to facilitate exclusive support for evaluating issuer filings.

One of the two new offices will solely be managing crypto assets. Its purpose will be to provide the regulatory body with a solution to the growing number of crypto issuers in the country.

According to a statement by the[ Securities and Exchange Commission (SEC)](/news/article/xrp-court-case-update), the newly established Office of Crypto Assets and Office of Industrial Applications and Services will operate as part of the Disclosure Review Program (DRP), which is part of the Division of Corporation Finance administers.

Both offices will focus on "providing a focused review of issuer filings". Additionally, the authority affirmed that the work done throughout the DRP to review submissions regarding crypto assets would continue to be carried out by the Office of Crypto Assets.

According to the statement, the DRP can better focus its resources and experience to solve the specific and changing filing review challenges associated with crypto assets if it assigns firms and filings to a single office.

## The latest cryptocurrency news from the SEC's division of digital assets

Renee Jones, the director of the SEC's Division of Corporation Finance, explained that the rapid expansion of the cryptocurrency market had demonstrated the DRP's Office of Finance's requirement to give more substantial and specialised support. She went on to elaborate: "The establishment of these additional offices will make it possible for the DRP to strengthen its focus in the areas of crypto assets, financial institutions, life sciences, and industrial applications and services, and it will also make it easier for us to fulfil our purpose.

Gary Gensler, chairman of the Securities and Exchange Commission (SEC), stated last week that he had instructed the SEC staff to engage directly with business owners to ensure that their tokens are appropriately registered and regulated as securities.

The non-pharmaceutical, non-biotechnological, and non-medicinal goods developed by the Office of Life Sciences will be the primary focus of the second new office, the Office of Industrial Applications and Services.


SEC crypto news: SEC opens 2 new crypto offices

The [crypto market](/news/article/crypto-market-crashing) has been going through a dreadful winter since the beginning of the year. But amid this, it is also experiencing a global wave of regulatory changes. The governments that were rather dubious about digital assets are now looking for ways to regulate them. And some are even launching their fiat currency-pegged tokens to ensure stability in the market. 

The G7 crypto regulations are notable in this regard. Recently, after the Terra LUNA fiasco, the Group of Seven countries’ finance heads held a meeting to discuss the situation. The meeting established that “[consistent and comprehensive regulation](https://www.reuters.com/technology/g7-countries-urge-swift-regulation-crypto-assets-draft-2022-05-19/)” has become essential for the world economy. For this reason, they also urged the [Financial Stability Board (FSB)](https://www.fsb.org/) to take swift measures to implement regulations. 

Meanwhile, in July, FSB revealed the course of action it will take to mitigate the risks for investors. It highlighted digital asset volatility and structural vulnerabilities and how it affects the traditional market. 

## Prompt initiatives by G7 crypto regulators

Among the G7 countries, the United Kingdom and the United States have seen the most developments. In the US, where the SEC continues to probe digital asset firms for illegal activities, the Biden administration has introduced [a new regulatory act](https://www.gillibrand.senate.gov/imo/media/doc/Lummis-Gillibrand Section-by-Section %5bFinal%5d.pdf). It establishes the definition of cryptocurrency commodities and securities. Also, it elaborated the role of SEC and CFTC and put forth a legal framework for DAOs, exchanges, and brokerages. 

As the UK is looking to become a global crypto hub, it has advanced crypto regulations and several related policies. FCA has continued its work for registering crypto asset firms in the UK. The country is also exploring the possibility of a central bank digital currency (CBDC), which will be pegged to the pound. Meanwhile, it might also get a new regulatory framework for stablecoins in September. 

Moreover, the [UK and US regulators](/news/article/uk-crypto-regulation) are working together to introduce better policies in the entire region. On the other hand, in Canada, cryptocurrencies are legal, and firms providing related services are required to register themselves. The authorities that deal with digital assets are FinTRAC and CSA. Recently, CSA has made the pre-registration undertaking mandatory for firms. 

Germany is another leading country in the crypto space. It is only behind the US in the global rankings. It is a crypto-friendly country, which introduced an almost no-tax policy on cryptocurrency trading. Also, BaFin, the country’s Financial Supervisory Authority, has registered various cryptocurrency firms.

As the EU approved the MiCA regulations, France became the first EU country to regularise digital assets. It provides the registration as Digital Asset Service Provider (DASP). Binance was the first exchange to get the registration. 

Italy has also advanced the G7 crypto regulations. In 2022, Italy registered numerous crypto asset firms like Coinbase. Crypto.com, and Binance. Moreover, it has also announced $46mn for supporting blockchain projects.

Lastly, the Japanese self-regulatory authority ([JVCEA](https://jvcea.or.jp/)) is also working towards this goal. However, its efforts have not been as remarkable for virtual asset regularisation. Nonetheless, Japan’s Ministry of Economy wants to make policies for web3-related businesses.

## Crypto regulations in other countries

Many other countries also have been proactive in regularising the virtual asset market. Australia, South Africa, New Zealand, Russia, and South Korea are notable names among these countries. Meanwhile, China remains the country which is relatively cold toward cryptocurrency adoption.




G7 crypto regulatory measures in 2022

Ripple native token XRP has consistently stayed in the top charts as one of the most valuable coins on [Coinmarketcap](https://coinmarketcap.com/currencies/xrp/?period=7d) for the past two years, with a market cap of over $ 18 billion and occupying the 6th position on Coinmarketcap.

The initial growth and buzz around XRP has slowed down in the past due to legal issues with the SEC (Security Exchange Commission).

Ripple has been embroiled in a row with the watchdog of the SEC since 2020, and it seems like the case isn't ending anytime soon.

## The genesis of the SEC court case with Ripple

The SEC court case with Ripple is based on the belief that the $1.3 million raised by Ripple is illegal because it classified XRP, the native token of Ripple, as a security and not a digital asset, which has placed XRP under stringent security laws.

## SEC's position on the court case

SEC's stance on the court case is that the way in which Ripple raised their ICO with XRP is illegal, as contained in the documents released to the public on December 20, 2020, which include a [detailed report](https://www.sec.gov/news/press-release/2020-338) on the charge against Ripple.
 
However, Ripple, in response, claimed; 

As stated in their [whitepaper](https://whitepaper.io/coin/ripple), XRP, the native token of Ripple, is used for cross-border payment and is available on exchanges worldwide.

## Latest court update

In the latest XRP court case update, SEC seems to have suffered a setback, one of the series it has suffered since the start of the court case with Ripple. In their latest animosity, Judge Netburn approved Ripple's motion to authenticate SEC officials' public remarks. 

Netburn also ruled that expert's identity should not be sealed.

According to James K.Filan, a defence lawyer who has been sharing critical updates about the Ripple vs SEC lawsuit on his Twitter account.

"A letter from the SEC asks the parties to seal portions of their oppositions to Exclusion Motions that contain information identifying SEC experts and some financial information about one of the SEC Experts."

One of Ripple's defence attorneys is Mary Jo White, the former chairman of the SEC. Having someone who has occupied an important position in the SEC as a defence attorney proves that Ripple is not treating the XRP court case unseriously.

## Implications of the XRP court case on the cryptocurrency industry

The cryptocurrency community is looking at how the Ripple and the SEC case will end with keen interest, as it will have a ripple effect on the [legal status of cryptocurrency](/news/article/xrp-case-price-uk) in general.

Regardless of the case's outcome, the status of some cryptocurrencies will surely change to being [classified as a security or commodity](/news/article/sec-crypto), leading to a significant disruption in the cryptocurrency industry.




Ripple vs SEC: XRP latest court case update

Investors have many options for digital trading assets, offering them varying services. One such exchange that is becoming increasingly popular is [Biswap](https://biswap.org/). It is a decentralised cryptocurrency exchange that works as a Defi platform. 

The unique thing about this [DEX](/wiki) is that it offers high returns through its yield farm and referral program. The platform claims to be the most economical as it provides minimal exchange fees. However, its legitimacy is often questioned by investors. 

If you are also wondering whether it is legit or a scam, here’s a thorough Biswap review!

## What does Biswap offer?

It is a Defi-based decentralised crypto exchange that allows you to make high profits through its services. It is built on the [BNB chain](https://www.bnbchain.org/) and is compatible with all BEP-20 tokens. Along with the yield farm, you also have a liquidity mining service and lottery that attract many investors. 

Moreover, it offers launch pools and introduces its native token, [BSW, for staking](/news/article/binance-staking). The token has several use cases and serves as a governance token for the platform. As for the trading fees, it charges only 0.1% of the amount. This fee is relatively lower in comparison to other DEXs on BNB. Besides, it runs its own NFT marketplace and gameFi as well.

## Referral program

Meanwhile, you can further generate passive income through its referral program. If you refer it to someone, you can earn profits in three ways. These include:

1.	A percentage of exchange fee
2.	5% from yield farms
3.	5% from launchpool profits

## BSW token

BSW is the native token on the exchange. There are a maximum of 700,000,000 tokens in the supply. However, currently, 100,000,000 BSWs are circulating in the market. Currently, each token is worth [around $0.32](https://coinmarketcap.com/currencies/biswap/), whereas, at the beginning of the year, it was over $1.  

The token is deflationary, so its supply is reduced by the burning method. Half of the transaction fee amount is used to burn them. You can stake your BSW tokens to earn up to 600% of rewards through launchpools and farming. 

## Is Biswap safe?

Biswap is a legit platform. Its security is backed by Certik. It performs independent audits for the exchange and ensures transparency. Moreover, if you are concerned about any financial crisis on the exchange, it ensures protection with its insurance fund. The platform has a SAFU fund, for which it has assigned 1% of the total BSWs. Besides, the platform also provides a transparent fee structure, so you know exactly how much you have to pay. 

## Summing up the Biswap Review

Biswap is an innovative project that combines numerous services on one platform. You can use it for swapping, mining, and staking tokens. Furthermore, you can earn great rewards through the lottery, launchpools, and its three-way referral program. 

Apart from that, it offers an NFT marketplace and gameFi. Along with all these features, it is a safe platform certified by Certik. 
 



Review: exploring Biswap

[Bitgert](https://bitgert.com/) is a network platform that aims to create a quick blockchain business for users. It is an engineering company with one of the fastest blockchains, processing 100,000 transactions per second (TPS). Their blockchain launched in July 2021, and in the short time since it has been in use, its popularity has increased significantly. 

It is a blockchain that provides high speed and almost no transaction fees. The fastest blockchain as of 2022, its expanding ecosystem boasts projects for Defi, NFTs, [Metaverse](/articles/learn-moni/top-metaverse-crypto-coins), Web#, and other technologies. The ecosystem also includes the BRISE Wallet, an iOS and Android-compatible wallet that supports BRC20, ERC20, and BEP20.

## The token BRISE

BRISE- the Bitgert coin is the chain's native and utility token. The BRISE dApp Wallet acts as a peer-to-peer payment method. The token's use cases for holders go beyond simply buying, selling, and holding. They want it to be used as a global utility payment system. The blockchain's buyback concept makes BRISE a very appealing token to hold. Token holders receive 5% of the contract's buyback tax. Investors tend to buy and hold the coin, increasing its demand and price. It has 420 quadrillion tokens in circulation and a maximum supply of one quintillion coins. 

## Product offerings of the Bitgert Chain

The platform promises ongoing partnerships with various chains to increase cross-chain compatibility in its ecosystem's future developments. Here is the following list of some of the chain's promising offerings:

1.  Bitgert audit solution
Bitgert Audit is a [blockchain](/articles/learn-moni/what-is-blockchain) security solution that provides free contract audits to any project wishing to secure blockchains and smart contracts.

2.  BRISE wallet
It is a DApp multi-coin cryptocurrency wallet that was introduced in October 2021 and a portal to decentralised blockchain applications. Users can currently swap, send, receive, and store a variety of crypto assets. On this wallet, trading BEP20/ERC20 compatible tokens is quick and highly secure.

3.  BRISE staking 
Staking allows users to earn passively. This programme enables BRISE token holders to stake their tokens and earn 4% of transaction fees in BUSD rewards.

4.  Bitgert bridge
Users can transfer assets from Binance Smart Chain Mainnet to Bitgert Chain using this product offering. It will also enable other blockchain developers to migrate to Bitgert, where they will benefit from lower gas fees and a faster chain.

5.  BRISE swap
It is a quick and inexpensive DEX on the Binance Smart Chain and enables users to swap and trade tokens and coins between blockchains. 

## Is Bitgert coin a worthy investment?

Bitgert is a crypto engineering firm with the fastest blockchain, processing 100,000 transactions per second (TPS). BRISE, the blockchain's native token, has seen tremendous success since it was first traded in July last year. Expectations for the token are high, as improvements to BItgert's chain should see it perform well this year. Despite the above-average performance, the token's journey to one cent remains long.
 



A comprehensive guide to Bitgert platform and coin

One of the [best crypto exchanges](/news/article/best-crypto-exchange-uk-reddit), Coinbase, is involved in legal action against the US Treasury. Coinbase CEO, Brian Armstrong, revealed that the company is backing a case against the Treasury Department for [Tornado Cash](/news/article/tornado-cash) sanctions. Six people brought this lawsuit, and the exchange is funding it. 
Tornado Cash is free software that is available on the Ethereum blockchain. Its protocol ensures privacy by allowing you to use different addresses for deposits and withdrawals. That’s why it enables users to remain anonymous while making transactions. 

##  Sanctions on Tornado Cash addresses

Last month, on the 8th of August, the exchequer department put sanctions on the smart contracts of Tornado Cash. This was because its technology was used for criminal activities, especially by North Korean hackers. 

The department and the [Office of Foreign Asset Control (OFAC)](https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information) took action against many addresses involved with the software. It was to stop cyber criminals from laundering money outside of the US OFAC asserted that many criminals are using this protocol to escape from the authorities. Therefore, limiting the use of this protocol became inevitable. 

##  Coinbase CEO views on the sanctions

In a blog post, Coinbase’s CEO and co-founder shared his views on the lawsuit. In the blog, he maintained that action against bad actors is necessary. However, sanctioning the technology is not the right step as there are many legitimate uses of this technology. 

![Picture2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture2_0a129c7443.png)

 
Armstrong also indicated two significant problems because of banning the entire technology. One, many users might lose their funds on the protocol and be unable to use this privacy tool. Secondly, he mentioned that the Treasury had exceeded its mandate, which Congress defines.

The CEO of Coinbase further pointed toward the use of the privacy tool by individuals involved in the case. He claimed that individuals are protecting their privacy when [donating to Ukraine’s cause](/news/article/ukraine-crypto-aid), hiding their online presence, and for personal safety. This action can limit innovation, and many will likely lose their funds. 



Coinbase CEO funding lawsuit against US Treasury

## Ford's new car NFTs application

Ford Motor Company has filed 19 trademark applications across its key automotive brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, in preparation for its debut into the world of non-fungible tokens (NFTs) and the Metaverse. The trademark applications encompass virtual automobiles, trucks, vans, SUVs, branded clothes, and a projected online marketplace for NFT, coming a month after the corporation announced significant worker cuts.

According to [USPTO](https://tsdr.uspto.gov/) documents submitted by Ford on September 2, the automaker intends to offer downloadable artwork, text, music, and video displaying its vehicles, SUVs, trucks, and vans, which NFTs will authenticate. 

The firm also unveiled ideas for "downloadable virtual products," or "computer programmes" with auto components and accessories and clothes for usage in "online virtual environments," such as virtual reality. Its augmented reality trade exhibits and an online marketplace showcase other people's digital artwork and online retail shop services using [non-fungible tokens](/news/article/invesco-metaverse-fund) (NFTs) and digital collectables.

## Ford's new car application follows other car companies' move into the space

Ford is not the first to enter the Metaverse. Car manufacturers such as Nissan, Toyota, and Hyundai have declared aspirations to join the rapidly expanding Metaverse market. On the other hand, luxury automakers like Bentley and Lamborghini have already launched NFT collections. 

Hyundai, a South Korean carmaker, had already [submitted many](https://kryptomoney.com/ford-enters-metaverse-and-nfts-lodges-19-crypto-related-trademark-applications/) trademark applications concerning the Metaverse and non-fungible tokens. They have filed for Sports equipment, headgear, footwear, and eyeglasses. Mercedes-Benz, Hyundai, Lamborghini, Bentley, and other major car manufacturers have launched NFT collections. In August, W Motors, a premium hyper-car manufacturer, entered the Metaverse area.

Earlier this week, Renault Korea, the French automaker's South Korean division, and The Sandbox, a popular Metaverse platform, introduced virtual automobile experiences. Meanwhile, Alfa Romeo equipped its vehicles with NFTs to keep maintenance records. 

Some NFT enthusiasts have spent more on virtual cars than real ones, according to a recent [Vanarama](https://www.vanarama.com/blog/cars/revealed-the-most-expensive-car-related-nfts) study piece. 


Ford unveils new cars and NFT collection

Moonbeam crypto is a parachain on the [Polkadot blockchain](/news/article/polkadot-price-uk), which is compatible with Ethereum smart contracts. It is an Ethereum virtual machine EVM that allows you to redeploy Solidity smart contracts in the Polkadot ecosystem without making any changes. 

With its ease-of-use and Ethereum-supported environment, it has become a prevalent multichain. Also, Moonbeam staking has encouraged many to buy Glimmer coin (GLMR). 

However, as it is not available on several exchanges currently, many often question: where can I buy Moonbeam crypto? If you want to get GLMR, this article will help you learn more about Moonbeam crypto and where to buy it. 

## What is Moonbeam staking?

Before we answer ‘where can I buy Moonbeam crypto?’ It is essential to discuss the Moonbeam staking rewards. It works with the Proof-of-Stake (PoS) mechanism for the production of blocks. So, it allows you to become a collator or a delegator to earn rewards by staking Glimmer tokens. 

These rewards are calculated according to the number of tokens you have staked and your staking time. A separate rewards pool in the ecosystem gives incentives to delegators and collators. You do not have to claim rewards. These are directly transferred to your wallets after the completion of a round. 

## Moonbeam Crypto: Where to buy?

Now, to answer your question, ‘where can I buy Moonbeam crypto?’ here’s a list of exchanges that support the coin. 

## [Binance](/news/tag/binance-tag)

Binance is arguably the world’s largest cryptocurrency exchange. It deals with more than 350 coins, and GLMR is one of them. The exchange ensures highly secure trades in almost no time. As Binance can process over 1,400,000 transactions in a second, you can purchase Glimmer quickly through it. 

Moreover, trading is economical on the platform as it charges less than 0.10%. To buy GLMR via this exchange, you can follow [this simple procedure](https://www.binance.com/en/how-to-buy/moonbeam).
  
## Cypto.com

[Crypto.com](https://crypto.com/) is also one of the top-rated cryptocurrency exchanges. The platform claims to have listed over 250 cryptocurrencies and supports more than 20 fiat currencies. You can securely purchase Glimmer through [Cypto.com App](https://play.google.com/store/apps/details?id=co.mona.android&hl=en&gl=US). 

The platform allows you to trade, store securely, and track the prices of your coins. It also allows faster trading as its matching engine speeds 2.7m transactions per second.   

## [KuCoin](https://www.kucoin.com/)

KuCoin is another reliable platform where you can easily get Moonbeam. There are more than 700 different altcoins listed on the forum. Moreover, it is a credible option, serving over 20 million global investors working with various fiat currencies. 

In addition, it is available in around 200 countries and allows safe transactions. Also, it provides excellent 24/7 customer support that ensures you can easily use it for trading crypto. Along with several payment options, it offers P2P trading services. 

## OKX

OKX has also listed the Glimmer token, and the exchange is ranked among the top ten names of cryptocurrency exchanges. It gives you various third-party payment options and also allows P2P trading. Along with that, it has low trading fees, and you can get low-interest loans, too.

OKX also allows you to make better returns through its mining pools. Also, you can get early access to new projects on the platform.

## Huobi Global

Huobi Global can also be a reliable platform for buying Glimmer crypto. It deals with more than 500 virtual currencies and several fiat currencies. Moreover, its security is backed by a reserve of 20,000 Bitcoins for any crisis. Also, your accounts have 2-factor authentication encryption and offline storage to keep your assets secure. 

It also offers low trading fees, as spot trading on the platform costs only 0.2%. Moreover, for P2P trading, you would not be required to pay any additional fee. Apart from that, you can easily use your preferred payment method, which makes it more accessible. 

Besides these platforms, you can buy Moonbeam tokens from Gate.io, MEXC, XT.com, Bybit, and WazirX.

## How to buy Moonbeam crypto?

Here’s the simple process of purchasing GLMR tokens:

1.	Firstly, check Glimmer on CoinMarketCap or Coingecko to get an idea about its current price. 

2.	Secondly, select an exchange on which GLMR is listed. Here consider your preferred trading pair, payment method, trading fee, and speed.

3.	After that, create an account on your selected exchange while providing a valid email, phone number, etc. Then verify these details.

4.	Once you have confirmed, you can deposit your desired amount for purchasing Glimmer. There are various payment options; opt for one at your convenience.

5.	Finally, buy the Moonbeam by trading your deposited amount with the GLMR. 

## Bottom line

This cryptocurrency has emerged as a promising EVM multichain in the Polkadot ecosystem. Besides, many investors are adopting Glimmer tokens because of Moonbeam staking rewards. 

In this article, we have listed some of the trusted cryptocurrency exchanges to buy GLMR. Binance is considered the most reliable option because of its security, transaction speed, and minimal trading fees. However, Crypto.com, KuCoin, OKX, and Huobi Global are other authentic platforms to buy moonbeam crypto. 



Where can I buy moonbeam crypto (GLMR)?

MetaMask [(metamask.io)](https://metamask.io/) is a crypto wallet and way for users to access the Ethereum blockchain. MetaMask is one of the most actively used crypto wallets in existence, with over 30 million monthly users, according to metamask.io as of 2022. It is a free web wallet for your crypto that now has a mobile app and is one of the most widely adopted platforms to trade and swap tokens on the Ethereum blockchain and use DApps. 

MetaMask was founded and developed by [Consensys](https://consensys.net/), the leading Ethereum software company with many other popular products that provide various blockchain-based solutions to businesses and individuals. Consensys is one of the most trusted companies in the crypto space and is leading the charge in delivering blockchain services for users on the Ethereum blockchain.

## How does MetaMask work?

MetaMask is primarily accessible via a web browser or the MetaMask mobile app. It is a “hot wallet” that provides each owner with an address with which they can receive Ethereum-based tokens and assets or purchase them. 

## What are the risks of using MetaMask?

[MetaMask](/news/article/avalanche-crypto-metamask) does store the private key inside the user’s browser, so potential theft in this direct way is possible but very difficult to accomplish. Usually, such hacks are employed using social engineering, involving the user willingly providing the information that a malicious party seeks. 

While MetaMask does not have access to your personal information, your web browser might. The browser would not store your passphrase, seed phrase or wallet info, but it will collect information on how and when you use an integrated app, plugin or extension. 

MetaMask wallets are “hot wallets,” meaning they are perpetually connected to the blockchain and can efficiently perform transactions with other addresses. A “Cold Storage” wallet is still more secure than any software-based crypto wallet but is also subject to physical theft, loss or damage. 

##What can I do with MetaMask?

The three main things that MetaMask can do is store crypto, allow users to execute peer-to-peer swaps, and provide access to DApps. 

Storage: Tokens built with Eteherum’s ERC-721 and ERC-20 token standards can be stored and exchanged between MetaMask wallet addresses, easily created via supported web browsers. Encryption allows users to keep their private keys and wallet passwords securely. 

Token Swaps: MetaMask performs token swaps differently by taking data from multiple decentralised exchanges and automated market makers. In this way, MetaMask swaps allow users to directly exchange crypto tokens without going through third-party custodial platforms or intermediaries. This allows token swaps at reduced costs and with fewer barriers. 

DApps: Ethereum-based DApps are some of the most popular and widely adopted. NFTs, DeFi platforms,  products and even blockchain games are accessible through MetaMask. For some of these tools and platforms, MetaMask is a downright requirement. For this reason, MetaMask is an excellent entry-level wallet.

## Why MetaMask is here to stay

One of the main reasons for MetaMask's long-term success is trust. Consensys, the company that developed MetaMask, is a giant in the global crypto space. They are leading the charge in providing consumers with accessible solutions on the Ethereum blockchain. 




What is MetaMask?

The Securities and Exchange Commission (SEC) has filed charges against [Zipmex](https://zipmex.com/th/en/) Thailand. The police complaint reports that the exchange is violating the regulatory framework of the SEC. The charges involve the business and its Chief Executive Officer and co-founder, Akalarp Yimwilai.
 
Zipmex Thailand is a crypto exchange that suffered from an industry-wide downturn caused by high debts and leverages. It loaned money to the faltered crypto companies: Celsius and Babel Finance. 

It lent a total of over $50 million to these firms. However, both have failed to pay back the exchange, and Celsius has even filed for [bankruptcy](/news/article/celsius-bankruptcy-protection). This led Zipmex to [freeze withdrawals](/news/article/zipmex-creditor-protection). 

## Thai SEC allegations on Zipmex

The SEC has released an [official statement](https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=9597&NewsNo=147&NewsYear=2565&Lang=TH) about the charges against the cryptocurrency firm. According to the report, the regulatory body claimed to order the concerned firm to declare transactional details about digital assets. It gave the firm’s officials an apt timeframe for providing the information. 

However, the firm did not follow the order and provided incomplete transactional information after the deadline. The firm also failed to give any reasonable excuse for it. This led the regulators to take action and file charges against it. 

The regulators also said that these actions are deemed as non-compliance. Moreover, they mentioned that it could be penalised under Section 75 of the Digital Assets Act.

## Zipmex Thailand’s stance

On the other hand, the company also responded to these charges via a [press release.](https://zipmex.com/th/en/announcements/pr-holding-statement-th-060922/) According to it, the company received a letter from the SEC for the declaration of transactional details of digital assets on 2 September 2022. 

It clarified that the company is currently compiling the pertinent documents for this matter. They said that Zipmex Thailand is further reviewing the records of Zipmex Pte. Ltd., which does not fall under the Thai regulator’s jurisdiction. 

Moreover, the statement emphasised that information disclosure must be handled with diligence for the company’s data privacy. It also assured the customers that the company was taking the matter by prioritising their interests.




SEC charges Zipmex Thailand for regulatory breaches