How Do I Acquire a Multi Cryptocurrency Wallet?
Whether you’re new to crypto or you’re a veteran, it’s always good to have a multi-asset crypto wallet that can support all of your needs. However, it can be difficult to know exactly which crypto wallet to trust. With so many available, sometimes the whole process can be overwhelming. Luckily, Jubiter functions as an exchange that also offers a crypto wallet to those who’d prefer to keep their hard-earned crypto in a place that they trust. Of course, since Jubiter likes to offer its clients options, sending your crypto to another wallet is supported as well.
What’s the Easiest Way I Can Buy Crypto with a Credit Card?
Although the world of crypto is booming, there’s one thing that the crypto community hasn’t quite figured out yet – how to make buying Litecoin [LTC] and Bitcoin [BTC] easier for new people. With many exchanges, the only way to buy cryptocurrency is to trade for it with other types of crypto. Obviously, this is impossible when you haven’t yet acquired any. The barrier to entry can be astronomical – but not when you’ve chosen to use Jubiter as your exchange. Because this exchange allows people to buy Bitcoin and Litecoin with their credit cards or debit cards, it definitely provides an easier first step for those who want to become involved in crypto.
Security Is Key
In crypto, security is essential. Although the community is relatively new, we have seen what happens when platforms and providers are lax about security. Jubiter, on the other hand, prioritizes security above all else. Every day and in every way, the team is sussing out different methods to improve security. They realize that customers’ personal data must be kept safe, and they run their business accordingly.
Licensed to Thrill
For many exchanges, making sure that they obtain the correct licensing is not a priority. After all, it’s not usually their problem if something goes awry; the people who will experience the most difficulties are the ones who have entrusted the exchange to operate correctly. Luckily, there are still some exchanges that take care to pursue and acquire the right licenses; Jubiter is one of these trusted exchanges.
Customer Service: Separating Jubiter from the Pack
On most exchanges, customer service is either sparse or non-existent. At Jubiter, the opposite is true. With a customer service line that responds to users who have questions, this exchange is truly something that the crypto community has never seen before. All clients need to do is call during normal business hours, and they will receive exceptional service from someone who can shepherd them through the process. For those who prefer to keep their interactions on social media, that’s also a choice that is available to them.
In general, Jubiter distinguishes itself by reaching out to its clients and meeting them – wherever they happen to be. It’s a quality that keeps people coming back for more. And now that Jubiter will be supporting ETH and other big altcoins within mere months, it’s no wonder why so many have pegged this platform as a major disruptor.
India’s proposed crypto ban is ‘corrupt’ says Tim Draper
- India’s proposed bill is “pathetic and corrupt,” Tim Draper.
- Draper is known for his public support for Bitcoin and freedom to use cryptocurrencies.
Following a leaked bill from the India government proposed a blanket ban on cryptocurrency, Tim Draper, a Bitcoin support and investor in Tezos has come out to condemn the move. The outspoken investor has recently advocated Bitcoin to the government of Argentina. He refers to India’s proposed bill as being “pathetic and corrupt.”
He wrote on Twitter:
“People behaving badly! India’s government banned Bitcoin, a currency providing great hope for prosperity in a country that desperately needs it. Shame on India leadership.”
His comments have not been received well by the people on Twitter with some saying that Draper has not confirmed the developments and is acting on hearsay only. Draper is known for his public support for Bitcoin and freedom to use cryptocurrencies and does not support government involvement in terms of regulating the space.
As reported by FXStreet, a lawyer in India shared what he referred to as the evidence of a draft law that could be used to ban cryptocurrencies in India except for the ‘Digital Rupee,” a digital asset that will be issued and backed by the Reserve Bank of India.
More on India’s leaked draft bill: India’s battle with crypto ban continues: “Digital Rupee” to be only the digital currency
France’s Financial Watchdog Proposes ‘Voluntary’ Regulatory Framework for Crypto Firms
The Financial Markets Authority (AMF), France’s top financial organization, plans to release an experimental regulatory framework for crypto firms later this month, according to a Reuters report.
The rules will include capital requirements, tax mandates, and consumer protection protocols – which “crypto-related firms will voluntarily abide by” in exchange for regulatory approval, reports Reuters.
Anne Marechal, executive director for legal affairs at the AMF, called the experimental arrangement a “precursor” for international crypto-specific legislation, rather than the mismatched application of financial regulations written prior to the advent of the asset class.
This is not the first time France has unveiled a “tit for tat” regulatory scheme. In April, the AMF released a requirement for banks to open accounts for crypto firms that “opt in” to being regulated. Part of the PACTE law, crypto exchanges and custodians were also extended the “option” to attain an operating visa.
At the time, Finance Minister Bruno Le Maire suggested the European Union follow “the French experience” by using the PACTE guidance to set up a “single regulatory framework” for digital assets in the EU single market.
These relatively unrestrictive legal measures were taken to promote the growth of small and medium-size businesses. While some governments, organizations, or industry leaders call explicitly for self-regulation or no regulation, many believe clearer rules regarding the sale, distribution, trading of cryptocurrencies would stimulate, rather than hamper, the industry.
Frederic Montagnon, the co-founder of LGO, a crypto exchange looking to expand into France, told Reuters, “When you are an entrepreneur, the worst that can happen to you is to set up your business where there is no regulation, to see an adverse regulatory framework later imposed that jeopardizes your whole business.”
Marechal said “several” crypto exchanges, custodians, and hedge funds are in dialogue regarding the regulatory framework with the AMF, which is also set to approve “three or four” ICOs.
Specifics will arise when the watchdog publishes the regulatory guidance.
For each U.S dollar in BTC spent on the darknet, $800 is laundered, says report attacking Steven Mnuchin’s claims
Following the crypto-focused briefing by the U.S Treasury Secretary, many have drawn conclusions that best fit their financial interests. But, with Steven Mnuchin linking Bitcoin to enabling illegal activities, hardcore crypto-enthusiasts have taken the criticism personally. In an attempt to dispense of this notion, Messari.io published a detailed report to compare the top fiat’s contribution towards fraud, in comparison to the world’s leading cryptocurrency, Bitcoin.
In the report titled, “Bitcoin in the grand scheme of things,” BTC’s contribution toward illegal activities was dwarfed by the strongest of fiat establishments. Through a combined analysis of data from Chainalysis and United Nations Office on Drugs and Crime, the report claimed,
“For each $ (U.S. Dollar) in BTC spent on the darknet, at least $800 is laundered.”
While this revelation may come as a shocker to traditional financial giants, it is important to note that messari.io has considered the total volume of BTC spent on the darknet, which largely comprises of legitimate transfers.
Further, the one-on-one comparison also showed that global economies recorded an explosive increase in their stock of narrow money [M1] i.e. physical money and digital assets. With the European Union leading this race with 0.87 billion in supply, it’s currently 98% higher than BTC’s total supply expected to be recorded sometime in 2020 (considering BTC’s price to be $10,000).
The report also considered the Federal Reserve’s balance sheet from 2009, the year when BTC was launched. The report revealed that the Fed’s balance sheet showed a currency issuance rate of 13,664%, against BTC’s modest 12 billion.
This report was shared by, @fmoulin7, over a tweet directed towards Mnuchin, which read,
“Just a quick reminder… @stevenmnuchin1”
Most leaders within the cryptoverse expect the U.S. government to allow the use of crypto within the limits set by the nation’s ruling government. The remaining however, retain their optimism for a BTC-dominated future, with or without the support of the government.