In parallel with the rapid growth in its user base and the expansion of functionalities in its crypto wallet app XWallet, Pundi X is upgrading its Know-Your-Customer (KYC) mechanism. We are instituting a more rigorous process to achieve a greater compliance with the ever-changing regulatory environment and anti-money laundering laws.
Pundi X has been tapped as a partner for the futuristic city development in Phnom Penh — the 100-hectare mixed-use private development project in the Cambodian capital whose digital infrastructure will be permeated by blockchain.
A busy February saw us bring on a host of new XPOS merchants, new features for the XPhone and intended compliance updates to adhere to the everchanging regulatory landscape ahead of the launch of the Function X.
To better comply with ever-changing regulatory requirements, our legal team has advised the company to release the remaining unlocked tokens, starting from April 1, 2019, and to complete the program early by the end of June, 2019.
It’s the world’s biggest mobile show, bringing together the newest technology and ideas from every aspect of the international mobile technologies industry. And at this year’s MWC Barcelona, Pundi X will be discussing the different ways in which blockchain technology is changing the way people communicate, work and play while showcasing new features for Function X and its use in the XPhone.
The largest experiential tech festival in the Middle East, STEP Conference, will be hosted in Dubai Internet City on February 13–14, 2019. Over 6,000 attendees from tech startups, investors, entrepreneurs, and influential speakers will participate in the festival. Constantin Papadimitriou, President, and Kester Wong, Product Analyst, from Pundi X, will join two of the four conferences, Step X and Step Money, to discuss the trends together with the tech leaders in the fields as well as to showcase Pundi X technology.
Is 2019 going to be a bear year or a bull year for cryptocurrencies? I’ll leave the prognostication up to the crystal ball gazers. But what I can say with certainty is that 2019 is going to be a year of more aggressive regulatory development governing crypto and increased scrutiny of crypto-related businesses.