Chilean Government Introduces New Cryptocurrency and Fintech Regulation Bill to Congress
The Minister of Finance of the Felipe Larraín announced the introduction of a bill regulating and to Congress, Cointelegraph Spain on April 15.
During his recent stay in the , Larraín reportedly noted that the requirements introduced by the new will be proportional to businesses. He explained that the rules will take into account that various companies have different business models, and deliver different services that imply different risks for the users and the financial market.
Local media outlet Ahora Noticias that flexibility is among the most important aspects of the bill, since the pace of technological progress is so great. Per the report, Chile is home to a growing number of that are currently not regulated. Furthermore, Larrain also reportedly warned the public about the risks of this kind of investments, stating:
“ of these platforms would mitigate some of the risks, such as and terrorist financing, and increase the legal certainty with which they operate. We want to adequately protect against the risks associated with this kind of activity.”
As Cointelegraph recently , the Central Bank of expressed the idea that are unable to substitute traditional money.
Also, at the beginning of the current month, the anti-monopoly court has again to local exchanges by forcing banks to keep their accounts open.
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Luxembourg City, Luxembourg – April 6 – Humaniq launched their ICO on the 6th of April at 00:01 CET. After several publications and respected analysts reviewed the fundamentals of the project, Humaniq experienced a groundswell of support and the team was contacted by Brett King and Chris Skinner who expressed their enthusiasm.
[Note: this is a press release.]
Based on the results of the first hour of the ICO, Humaniq has already reached the first goal in the crowdsale dashboard, with the total amount collected exceeding $ 1,300,000. Humaniq can add one more achievement to its honor board, see for yourself:
April 2016 – the inception of the Humaniq idea by Alex Fork
November 2016 – the original project team was formed
December 2016 – the official launch of the project and announcement of pre-ICO
December 2016 – In two weeks Humaniq collected $ 115,000
February 2017 – Alex Fork conducted the first performance tests of the project in unbanked regions of India
March 2017 – Alpha version of the app is available for testing on IOS and Android
April 2017 – Humaniq collects $1.3 million in the first hour of their ICO
More about ICO
● ICO began at 00:00 CET on 6 April, 2017, and for the first 48 hours there will be a bonus of 49.9% for early investors
● From 8-14 April the bonus will be 25%, and finally 12.5% from 15-21 April.
● The ICO ends at 23:59 CET on April 26th.
Join ICO –
Why Humaniq is a Unique Project?
Humaniq is an iOS and Android-based banking 4.0 app that uses biometric ID to set up new accounts and verify transactions, and will target the two billion people globally who do not have access to formal banking services.
Humaniq solves the issue of people from emerging economies not being connected to the power of the global economy. The app will allow users to sign up without providing formal documentation or needing to visit a bank branch by using cutting-edge biometric technology on a smartphone. Users will be able to earn money by performing services for other users, and then convert this money into cryptocurrencies like bitcoin or ether, or utilize mobile cashiers to exchange Humaniq tokens (HMQ) for local currency. The suite of planned services also includes P2P loans, small business loans, insurance, pension and investment accounts, and document security.
To encourage adoption of the network, users will be educated by regional ambassadors in the value the app can bring to their lives. New users will be able to buy cheap android phones for as little as $10 and then earn the money back within one or two weeks of performing tasks for outsourcing firms through the Humaniq app.
Humaniq Leadership Team
Alex Fork, who is the head of futurefintech.org, and blockchain.community board member.
Dinis Guarda – Vice President and Chief Strategy Officer, Board of Directors, UK at Humaniq
Richard Kastelein, Interim CMO – Director at Blockchain Partners and CryptoAlchemy, Publisher of Blockchain News and founder of ICO event CryptoFinancing Conference.
Alakanani Itireleng, director of the Satoshicentre in Botswana, head of Humaniq’s regional ambassador program, and one of the leading voices for bitcoin in Africa.
About Humaniq
Humaniq’s main goal is to create an Ethereum Blockchain based financial services app that will bring mobile banking to an audience of two billion people who currently don’t have access to non-exploitive financial services. In addition to providing financial services, the app will also act as the infrastructure backbone for 3rd party services to plug into, such as insurance providers, p2p lenders, and data security firms.
