Covesting Join the Elite — To Build a Brighter Future for Cryptocurrency

Andy P
Andy P
Aug 31, 2018 · 2 min read

From the very beginning, full regulatory compliance has been a priority for Covesting, with the team of industry specialists making that fact crystal clear with more than words but actions. Evidently, with Covesting delivering on all commitments proposed to date, in order to provide its community of investors a secure and reliable trading infrastructure that’s fit to support the evolving cryptocurrency industry.

Just last week, Covesting joined forces with one the worlds leading blockchain and cryptographic technology ecosystems, and are now officially members of the Crypto Valley Association in Switzerland.

The Crypto Valley Association was conceived to drive innovation through collaboration and partnerships with entrepreneurs, startups, investors, corporates, educational institutions, service providers, and government bodies to encourage and promote the growth of this rising ecosystem. Crypto Valley is quickly becoming a global center where emerging cryptographic, blockchain and other distributed ledger technologies and businesses can thrive in a safe, supportive, and vibrant environment.

“We aim to take cryptocurrency trading to a new level through a strong focus on creating a secure and legally compliant platform, and Crypto Valley Association’s network can help us make our solution even more reliable and robust” — said Dmitrij Pruglo, CEO of Covesting. “We are proud to join the Crypto Valley Association”.

Additionally, Covesting previously joined the Enterprise Ethereum Alliance (EEA) back in May, the industry’s first global standard organization that provides an open-sourced, standardized infrastructure to accelerate the growth of the industry. This collaboration with industry leaders aids Covesting in fostering the blockchain enterprises best practices, so to adhere to nothing less than the same world class standards.

Covesting is of course fully licensed under European regulation, and is about to obtain Gibraltar’s DLT licence, famously known as one of the most stringent jurisdictions. For a company to obtain Gibraltar’s DLT license, it is required to meet its same rigorous standards in IT systems, asset protections protocols, risk management, as well as demonstrate sufficient financial and non-financial resources to validate a sustainable business model.

With the release of the full official cryptocurrency exchange and copy-trading platform launching this September-October 2018, Covesting are now in the last phases of preparation before the highly anticipated platform goes live — with an army of elite partners backing them.

To find out more about Covesting head to Covesting.io

Andy P

Written by

Crypto investor & entrenpreneur, big fan of blockchain technology, coffee junkie.

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