In the United States, crypto-currency regulation began being devised at the legislative level in 2013 when the government made the decision not to ban them, but rather to create a legal basis for their use. Cryptocurrency in the United States is regarded as decentralized and they operate the same way as a fiat currency. This means that exchanges and other organizations undergoing operations with them are obliged:
to be registered as Money Services Businesses
to receive licenses for such activity
to inform law enforcement authorities of transactions arousing suspicions.
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MoonPay, a financial technology company building developer tools for fiat-to-crypto connectivity, today announced the addition of cybersecurity veteran Nils Puhlmann as Security Advisor at MoonPay.
This addition reflects MoonPay’s increased commitment to security as the company continues to scale and service more than 80+ partner integrations across leading cryptocurrency exchanges, wallets and decentralized applications.“At MoonPay, we are building mission-critical infrastructure to accelerate cryptocurrency adoption,” said MoonPay co-founder and CEO Ivan Soto-Wright.
“As we are mapping our goals for growth, it is essential that we prioritize security and privacy for our users and partners above all else.
In Nils, we have a seasoned security executive who has built some of the strongest security teams at places like Twilio, Zynga, and Electronic Arts, and we feel tremendously honored to have his guidance.”Over the month of March, MoonPay has witnessed an 80 percent surge in cryptocurrency purchase volumes through its fiat-to-crypto service solution, in part driven by the global market’s recent bout of volatility and economic uncertainty.
Fintech News“The cryptocurrency space is still an evolving industry and as we have seen in the past with cloud computing and IoT, security and privacy are imperative to its success and widespread adoption.
Deploying mature security programs will be essential for every major player in the cryptocurrency space and I look forward to guiding MoonPay over its next phase of growth,” said Nils Puhlmann.To date, the lack of banking options for crypto businesses and lack of compliant fiat-to-crypto onramps have presented the largest obstacles to mainstream adoption of cryptocurrency.
Thus, the cryptocurrency exchange platform development services are blooming.When you take help of the internet for finding the best cryptocurrency exchange/trading platform, it doesn’t come up with one suggestion.
It’s due to the reason that there isn’t any existing exchange which offers the best of all.
The responses were clearly a sign that there’s a need for improvement in the existing exchanges and they should be addressed in the future exchange development landscape.So, let’s have a look at the unprecedented answers provided by the traders.An easy-to-use exchange:Out of an entire lot of participants, 20% wanted a simplified exchange platform which is easy-to-use as well as has a highly interactive interface.
Undoubtedly, this emphasizes the fact that interfaces of existing crypto exchanges are inconvenient and complex.
Rest exchanges enable their users to trade only in crypto.
30% of the users that participated in the survey agreed to incorporate this feature in upcoming cryptocurrency exchanges.
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