CRYPTO NEWS

The Cryptocurrency of Switzerland

Category: TODO GIRACOIN (Page 1 of 2)

(Español) Las empresas suizas quieren introducir a los gaboneses a las cripto-monedas.

Sorry, this entry is only available in European Spanish.

(Español) Mercado suizo de criptomoneda en Gabón

Sorry, this entry is only available in European Spanish and French.

(Español) LA VERDAD SOBRE GIRACOIN POR ALEJANDRO MÁRQUEZ

Sorry, this entry is only available in European Spanish.

(Español) Jesus Rincon Líder Embajador de Giracoin

Sorry, this entry is only available in European Spanish.

Switzerland Becomes First Ever Country to Roll out Specific Guidelines for ICOs

It was initially reported that Gibraltar could be the first ever country to introduce specific rules for initial coin offerings (ICOs); however, in one swift move, it very recently got surpassed by Switzerland.

Unlike Gibraltar, Switzerland did not just announce its plans but went ahead to roll out its actual guidelines on ICOs.

In an announcement made through its site, the Swiss Financial Market Supervisory Authority (FINMA) published guidelines which pertained to the fundraising mechanism that became one of the most famous phenomena of 2017.

The guidelines, which work in addition to FINMA’s Guidance 04/2017, provide details to ICO executors on how an ICO should be initiated, managed and concluded in order to ensure complete transparency and effective handling of funds, as well as the deliverance of products and services promised to stakeholders.

The guidelines are detailed and helpful

Some key points from the guidelines allude towards the thoroughness with which FINMA has studied the functions of ICOs.

For instance, FINMA explains that not all ICOs can be judged under the same perspective, as the tokens that are distributed through the ICOs are not the same. It elaborates by mentioning how “payment tokens” are cryptocurrencies but “utility tokens” provide access to the ICO’s intended platform, while “asset tokens” signify the representation of real-world physical assets or revenue streams.

Building upon this classification of tokens, FINMA elaborates that ICOs could be identified under these labels as well, such as “payment ICOs,” “utility ICOS,” and “asset ICOs.”

It then describes that due to these different types of tokens and ICOs, each ICO needs to be treated with an approach that is designed for it, but the overall guidelines provide enough information for any executor to ensure that they are meeting some of the most important requirements.

However, it does not turn a blind eye to the fact that there would be ICOs which have tokens performing more than one function. For instance, a “payment token” could also serve as an “asset token.”

In those instances, FINMA assures the executors that if they have any questions for these “hybrid” ICOs, then FINMA personnel can look into their case and elaborate the guidelines on a case to case basis.

The guidelines take a comprehensive approach towards anti-money laundering and securities regulations, highlighting their importance towards ICOs and how several ICOs could very well fall under different acts about these requirements, for which they will need to be studied effectively.

FINMA also mentioned that the guidelines are put in place for the protection of investors, and are very important to follow because, under the country’s current civil law, it is uncertain whether a blockchain contract or agreement – which ICOs go by – is legally binding.

However, that did not stop FINMA from commending the effectiveness of blockchain technology, with its CEO, Mark Branson mentioning that it has “innovative potential within and far beyond the financial markets.”

This will go a long way in helping other regulatory authorities

Since this is the first of its kind move by a major financial regulatory authority, it will help authorities from other jurisdictions in developing their own guidelines of this sort especially because these guidelines address specific issues identified in ICOs, and with the regulator, FINMA, offering its help to explain them further to those who are in need of it.

If this approach gets to be successful in Switzerland, then this most certainly can influence other countries’ methodologies towards ICOs as well.

Gira Financial Group AG, the developer of Giracoin, being a member of SRO PolyReg, Zürich, holds a position of strength in the Swiss cryptocurrency domain. The company, founded in 2016, has steadily sailed towards success, with Giracoin gaining rapid traction, not only among investors in the country, but from across the globe.

Given its innovative mining process that puts it within the grasp of people across the globe, Giracoin is well and truly on its way towards placing the country back on high growth trajectory in the booming cryptocurrencysector.

If you liked what you read here, I offer you the possibility of receiving more information on how to become part of this Giracoin movement and how to receive profits for it. Click on the next button and let yourself be guided by your intuition.

 

Switzerland Bets Big on Cryptocurrency: Giracoin Leads the Way

Once considered a safe abode of investors from across the globe, the Swiss banking sector has lost its sheen over the last decade or so. With the banking sector in Switzerland accounting for 6% of the GDP of the country, government officials have renewed efforts to once again position the country at the helm of things in the global banking sector.

One such move, which has got the entire cryptocurrency fraternity worldwide jumping for joy, is the country’s Federal Councillor, Johann Schneider-Ammann stating that the government plans to transform Switzerland into a crypto-nationtion the near future.

 

For a country that has always emphasised on maintaining the highest level of consumer privacy and paramount security, there couldn’t be a better way to gain back lost glory than by adopting cryptocurrency the undisputed champion when it comes to security and user privacy. At the forefront of this race in Switzerland is the country’s homegrown cryptocurrency Giracoin.

Gira Financial Group AG, the developer of Giracoin, being a member of SRO PolyReg, Zürich, holds a position of strength in the Swiss cryptocurrency domain. The company, founded in 2016, has steadily sailed towards success, with Giracoin gaining rapid traction, not only among investors in the country, but from across the globe.

Given its innovative mining process that puts it within the grasp of people across the globe, Giracoin is well and truly on its way towards placing the country back on high growth trajectory in the booming cryptocurrency sector.

If you liked what you read here, I offer you the possibility of receiving more information on how to become part of this Giracoin movement and how to receive profits for it. Click on the next button and let yourself be guided by your intuition.

 

George Schmidt joins the Senior Advisory Committee of Gira Financial Group AG

Resultado de imagen de George Schmidt accenture

The fintech company Gira Financial Group AG is strengthening its business activities and engaging George Schmidt as an additional member of its Senior Advisory Committee.

 

 

 

Gira Financial Group AG (GFG) is expanding its activities and strengthening its strategic focus on blockchain-based services for third parties. The GFG Senior Advisory Committee is being expanded, with highly regarded fintech expert George Schmidt to join with effect from xx February 2018.

 

Mr Schmidt, 56, is Managing Director Financial Services at Accenture Switzerland. He studied business management with an emphasis on organisational behaviour and IT at the University of St Gallen and has an MBA from the University of Chicago.

Mr Schmidt began his career as a risk manager with UBS in Zurich. In 1989, he founded the systems integration company Nexpert, which he sold to the IT service provider Systor – a subsidiary of the then Swiss Bank Corporation – in 1994. As CEO of Systor, he developed the company into the largest provider of systems integration and outsourcing services in the German-speaking region.

He moved to Accenture in 1993, to facilitate Systor’s integration into that firm. In his capacity as Managing Director Financial Services at Accenture and Chairman of Accenture Services AG, he has outstanding knowledge of the IT and process landscape in the Swiss financial industry, and he has made a crucial contribution to various developments. His area of focus is digital transformation, and he is one of the founders of the Swiss FinTech Awards.

George Schmidt se une a los otros miembros de la junta Dr. Sabina Korfmann-Bodenmann y Dr. Daniel Rytz en el Comité Asesor Senior de Gira Financial Group AG.

La Dra. Sabina Korfmann-Bodenmann es propietaria de Korfmann Corporate Communications Consulting AG (KCCC), una empresa de comunicaciones especializada en instituciones financieras, y un experto financiero comprobado. El Dr. Daniel Rytz, recientemente CEO interino del especialista en tecnología de procesos Polymetrix, es un ingeniero químico y experto en optimización de procesos y flujos de trabajo organizacionales.

Con la incorporación de George Schmidt, el Comité asesor superior de GFG estará en una posición ideal para brindarle a la empresa una contribución estratégica importante.

Giracoin goes Quantum Fork

Start December 2017 – Quantum Fork 26-29. January 2018

The Gira Financial Group is bracing itself for the future and deploying the Giracoin 2.0 Blockchain based on the Hyperledger and Ethereum Virtual Machine (EVM). We are entering a new age of digital transformation and leaving the one-way path of pure cryptocurrency. With the new Blockchain, we are ready for the revolution of the digital world. Whether it’s the interaction between humans and machine or the communication from machine to machine – we are making a quantum leap.

GiraUno

The cryptocurrency Giracoin 1.0 based on the Bitcoin Core version 0.13 is the first Bitcoin-based cryptocurrency uniting PoW and PoS. Currently, the Giracoin has a PoW reward of 2600 GIRA with a simple retargeting difficulty and is the base currency for the Gira Universe ecosystem founded by Gira Financial Group AG providing payment and ecommerce solution. The Giracoin 1.0 was operated as closed mining to support the sustainable performance of Giracoin and now we are ready to take the next leap with our cryptocurrency. Giracoin 1.0 becomes by end of year 2017 GiraUno and will be released as opensource.

At the time of publication, GiraUno will contain the following features. As inflation protection, GiraUno will have reward halving algorithm similar to Bitcoin and Litecoin, in addition Segwit2x will be implemented with a block size of 8MB in order to be able to defy the market as a future payment solution. GiraUno will be Atomic Swap ready and after the release the GiraUno maintainers will implement the Lightning Protocol in the mainnet of GiraUno.

Giracoin 2.0

Digital transformation is the revolution of today. All industries are experiencing disruptive changes and the service sector is already in the midst of digital transformation. Users expect smart services from individual packages, products, and services. Digitisation 2.0 has now arrived at Industry 4.0, where human-machine interaction and machine-to-machine communication play an important role. The digital world demands binding contracts and data to be processed intelligently. Processes should be transparent and comprehensible, and at the same time data protection and personal identity must meet high security standards. Giracoin 2.0 is up to the challenges of the future. With the Ethereum Virtual Machine (EVM) as its currency base and Hyperledger as a Swiss Army knife among distributed ledger technologies, the Giracoin 2.0 platform can bring together traditional and future digital world processes. Thanks to the modular approach,

Giracoin 2.0 can always be supplemented with new technologies.

 

 

Facts:

GiraUno

Start: 01 October 2016
Total Supply 21`000`000`000
PoS/PoW Blockchain with Lightning Network
OpenSource

Giracoin 2.0

Start 26-29 Januar 2018
Total Supply 21`000`000
Hyperledger / Etherum virtual Machine Blockchain
Decentralised Data-Storage
Smart Contract
Tokenomics
Atomic Swap Ready
Multi-Asset
Developer Base 2.0 Blockchain

Holder of GiraUno gets automatically the same number of Giracoin 2.0 at the time of Quantum-Fork (26-29 January 2018)

 

Gira Financial Group AG

Founded in 2016, Gira Financial Group AG (GFG) is a Swiss fintech company that develops innovative blockchain technology-based applications and business models. The proprietary platform and blockchain enable a variety of transaction, trading and currency exchange models as well as multiple wallets. Likewise, projects from third-parties are being developed and implemented on GFG’s blockchain. The system currency, Giracoin is integrated into a broad network of members, trading partners and buyers. As a financial intermediary, Gira Financial Group is a member of the Swiss self-regulatory organisation, Polyreg.

«Blockchain is the new global resource»

«The future of Blockchain is controlled access»

The Swiss fintech company, Gira Financial Group AG (GFG) develops applications and business models based on blockchain technology.

The GFG platform convinces with its special technical features as well as its high level of safety and user-friendliness. Digital currencies allow transactions that take place in a decentralised fashion and directly between the buyer and the seller, and with progressive regulation, they gain trust on a worldwide basis.

The Giracoin digital currency issued by Gira Financial Group differs from other crypto-currencies due to its special technical features. Normally, users need to make available computing power so that they can generate new units of a crypto-currency. However, the Giracoin also offers people who cannot or do not want to provide computer capacity for mining – and independent of their technical knowledge – the opportunity to purchase “tokens”.

More security and easy mining

The buyer can thus delegate the mining process to GFG, in which he/she gives tokens to mining at any time and independently from GFG, thereby converting them into giracoins. This is an innovation in the area of crypto-currencies made possible by the fully automated mining within the closed system of Giracoin. This closed-source system, in contrast to the conventional open systems (open source), displays another major advantage: A closed system is much safer against hacker attacks and external manipulation than open systems, such as, for example, Bitcoin.

GFG continues to develop its platforms and has recently implemented Hyperledger Fabric. The Hyperledger Fabric which uses blockchain technology enables, among other things, the decentralised development of applications as well as easier control of the origin and genuineness of goods. This increases the security, flexibility and attractiveness of the Giracoin universe and, thanks to controlled access to the blockchain (smart contracts), the parties participating in a transaction can also communicate with each other. Girabuy and Girapay are easy-to-use and mobile-accessible applications that can be used to contact trading partners and conduct transactions and transfers in Giracoin in real time. More information on the Giracoin and the GFG platforms, as well as the token programs and the mining of Giracoin can be found at

http://land.giracoin-bank.com

Blockchain business driver

In industrialised countries with a highly developed financial system and strong institutions, blockchain applications primarily serve to increase efficiency and reduce costs. However, blockchain technology is much more than a means for optimising financial transactions. In developing and emerging countries, it represents a great potential for economic and social progress. On the one hand, in countries where state institutions have failed to establish reliable databases, the decentralised blockchain can achieve a greater level of credibility than the state and serve a groundbreaking role. On the other hand, the blockchain provides an easy way and means for countless people to access previously unavailable financial services.

The biggest advantage of the blockchain technology is that every person worldwide can participate in the international economy via a smartphone. The blockchain is a public good that is as revolutionary and versatile as the internet was. GFG supports this development by not only promoting its own applications and business models but also by implementing projects from third parties on its blockchain.

 

On Gira Financial Group AG:

Founded in 2016, Gira Financial Group AG (GFG) is a Swiss fintech company that develops innovative blockchain technology-based applications and business models. The proprietary platform and blockchain enable a variety of transaction, trading and currency exchange models as well as multiple wallets. Likewise, projects from third-parties are being developed and implemented on GFG’s blockchain. The system currency, Giracoin is integrated into a broad network of members, trading partners and buyers. As a financial intermediary, Gira Financial Group is a member of the Swiss self-regulatory organisation, Polyreg.

 

(Español) Grupo directivo, desarrollo y asesor de La compañía Suiza Fintech Gira Financial Group AG (GFG)

Sorry, this entry is only available in European Spanish.

Page 1 of 2

Powered by GIRACOIN BANK & Theme by BLOCKCHAIN

error: Content is protected !!