SpectroCoin focuses on the constant development of its platform so that users can enjoy an even more convenient interface and services. For that reason, we decided to spread the word and inform our clients about the changes that have been done or that are yet to come to the platform. To turn this idea into reality, starting today, we will share SpectroCoin development updates with you.
When choosing the best way how to transfer money, you usually consider things like convenience, destination country, security and currency. While it is easy to send fiat in countries within the EU using SEPA or local banks, when we are talking about transferring fiat currencies overseas the process is not as simple as it might seem for some countries. Of course, you can always choose cryptocurrencies, but if you need to transfer EUR, SpectroCoin is happy to announce that, from now on, international bank transfers are available for users from more than 150 countries around the globe.
The boom of new cryptocurrencies issued through ICOs and the rising interest in the crypto market have led to the implementation of regulatory requirements for the entire financial market. In 2018, the European Parliament issued a proposal for the AML5 directive, which will come into effect in 2020 – in some countries, it will happen in mid-2019. AML5 is a commonly used abbreviation for the fifth EU Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
SpectroCoin is more than happy to witness the rising number of customers who trust our platform. In exchange, we continue working to provide our users with the highest security performance. We believe that the basis of every great business is the collaboration between the company and its clients. For this reason, SpectroCoin is launching a Bug Bounty Program.
We are delighted to announce that on the 2nd of July of 2018, SpectroCoin became a full member of Infobalt. The Infobalt Association is recognized as the biggest and the main contact point between Lithuanian business associations and government organizations dealing with Blockchain initiatives. At the moment, the Infobalt Association unites more than 160 members from the Information and Communication (ICT) industry.