The Financial Commission Issues Certification of the Genesis Vision ICO

Following Genesis Vision’s voluntary application for ICO certification with Financial Commission, a rigorous review of its planned ICO – including its business and proposed platform was conducted to determined if it met set of requirements established by Financial Commission’s newly formed Initial Coin Offering Certification Committee (ICC) division

The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages who participate in global foreign exchange (forex), derivatives, and cryptocurrency markets, today announces certification of the Genesis Vision Initial Coin Offering (ICO).

ICO Certification Process

Following Genesis Vision’s voluntary application for ICO certification with Financial Commission, a rigorous review of its planned ICO – including its business and proposed platform was conducted to determined if it met set of requirements established by Financial Commission’s newly formed Initial Coin Offering Certification Committee (ICC) division.

During the due diligence phase of Financial Commission’s ICO certification evaluation process, over 150 important points were checked across categories including those set forth in Financial Commission’s certification guidelines for ICO applicants.

ICC Driven and Industry Standards

Financial Commission’s ICC consists of a panel of Financial Services (Finserv) and Financial Technology (Fintech) experts with backgrounds across multiple asset classes including foreign exchange, cryptocurrency markets, and digital blockchain assets, who volunteer to help drive the certification standards and protocols, as part of the ICO Certification service.

Commenting on the Genesis Vision certification, Financial Commission Chairman, Peter Tatarnikov, said: “I would like to congratulate Genesis Vision on their successful ICO certification with Financial Commission and wish them all the best with the Genesis Vision project. I am also glad to see that ICC, a newly formed division within our organization was able to contribute to help meet the pressing need of developing minimum industry standards while helping ICO applicants and the broader marketplace.”

“Our standards for ICO certification are new, yet are evolving quickly and alongside other recently formalised efforts including the ERC20 standard for Ethereum, and best practices issued by Consensys for smart contracts, a framework has been established for helping applicants demonstrate compliance while determining if they are capable of obtaining certification.”

About Genesis Vision

Genesis Vision will unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. The Genesis Vision platform combines blockchain technology and smart contracts to allow successful traders to rapidly scale their trading strategies by attracting investments from around the world. The Genesis Vision platform aims to provide an automated and absolutely transparent system for investment and profit distribution while helping to solve industry challenges that market participants face with existing platforms.

GVT is an internal currency of the platform and will be used to establish and settle transactions made on Genesis Vision. The official website is Https://Genesis.Vision which contains the project’s white paper and details about the GVT Pre-Sale that is scheduled to start on Sep 15 09:00 UTC, as well as the planned Genesis Vision ICO start date.

Read this next

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

<