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FasTToken is the first to acquire the electronic currency license from Abu Dhabi

Posted:Mar 17, 2022 09:38 Category: Crypto , GCC , Regulatory , Posted by Katy

“The crypto industry right now is the most forward-looking and fast developing.” – Vigen Badalyan, CEO and Founder of FasTToken

FasTToken (FTN), the official cryptocurrency of SoftConstruct, is set to boost tokenized economy. It will allow all partners and end-users to reap the benefits of said ecosystem by settling all their business arrangements with any brand under the SoftConstruct umbrella using FTN.

Abu DhabiBeing of Ethereum’s ERC20 standard, the token sale of FTN along with the whitepaper and token distribution will be announced in the coming month. The given approval provides FasTToken the right to practice a financial activity regarding the issuance, cancellation and registration of the depository certificates and any rights related. It also includes a financial activity concerned with mediating in securities trading operations by receiving trading orders related to non-regulated derivative contracts (OTC Derivatives) or currencies in the spot market (Forex Spot Market) and executing them and conducting clearing and settlement operations related to their implementation.

Vigen Badalyan, CEO and Founder of FasTToken says, “This FasTToken initiative has always had colossal potential since the very first day of its origin. The crypto industry right now is the most forward-looking and fast developing. Receiving legal approvals from influential organs is a mark of trust, security and excellence. The approval granted from Abu Dhabi has a paramount importance, not only for FasTToken as a business, but SoftConstruct ,too, which carries the title of parent company, yet now with а greater pride.”

Among the secured rights are also establishments that carry out the activities of designing, creating, and programming electronic currencies. This includes encryption of currencies through programmed codes through which currency cannot be counterfeited.

 

AIBC returns to the United Arab Emirates:

Drawing the leading figures of the emerging tech world to the Middle Eastern metropoles for cutting edge technology, the 2022 AIBC UAE expo plans to unite a community of policy-makers, developers, C-suite executives, and legal experts of the burgeoning AI and Blockchain sectors. Through three days of educational panels, inspiring keynote speeches, workshops, and networking events, the expo seeks to create the foundation that the Industrial Revolution 4.0 can be built upon. Join us from the 20th to 23rd March 2022, in UAE.

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