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Business EconomyPosted at: Oct 18 2017 7:38PM


Money Trade Coin partners with the Royals of Bahrain to launch Cyrptocurrency Trading & Wallet Services in Bahrain

Mumbai, Oct 18 (UNI) Money Trade Coin, the new age cryptocurrency, on Wednesday announced that it has partnered with the Royals of Bahrain to launch Cyrptocurrency Trading and Wallet Services in the
Kingdom of Bahrain.
Money Trade Coin’s founder and chief executive officer, Amit Lakhanpal, gave a detailed presentation on the underlying Blockchain technology of Money Trade Coin as well as the know your customer (KYC) and anti-money laundering (AML) guidelines being followed by Money Trade Coin OÜ.
He also explained how investors' demand has increasingly swept from traditional practices to digital currency as a secure alternative to safeguard wealth, eliminate costs, increase efficiency and flexibility, and save time while transacting.
On the occasion, he also launched a full-fledged product array -- Cryptocurrency Exchange, E-Academy and E-Portal. The trading platform will offer the possibility to inter-exchange the different Cryptocurrency coins such as Bitcoin, Ethereum, Ripple, Moreno and other listed coins soon.
The event was witnessed by His Excellency Shaikh Dr Khalid Mohammed Al Khalifa, founder, executive chairman, professor of University College of Bahrain and also a member of the Royal family of Bahrain;
Salma Al Kitbi, UAE businesswoman and now associated with Royal family of Bahrain, along with 20 other industry leaders.
Mr Lakhanpal also announced that Money Trade Coin has wholly acquired Summit Wealth Management AG-ZUG, Switzerland, and his plans to begin operations by March 2018, when they will be able to branch
out across the globe with the usage of their own SWIFT Code for international money transfer.
With the acquisition of Summit Wealth Management AG-ZUG, Switzerland, Money Trade Coin has now become a member of Association Romande des Intermédiaires Financiers (ARIF), which is a self-
regulating body approved by the Swiss Financial Market Supervisory Authority (FINMA) for the supervision of financial intermediaries of the Swiss Federal Law on combating money laundering and terrorism financing in the financial sector (AMLA).
ARIF is also recognized by FINMA as a professional organization for laying down rules of conduct relating to the practice of the profession of independent asset manager within the meaning of the Swiss Federal Act on collective investment schemes (CISA).
UNI JM SS NP1931
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