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SECP proposed amendments in the AML/CFT Regulations, 2018

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[su_dropcap style=”light” size=”5″]T[/su_dropcap]he Securities and Exchange Commission of Pakistan (SECP), to further strengthen SECP’s AML/CFT regime, has proposed certain amendments in the Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The amendments that are in line with the FATF Recommendations and international best practices have been placed on SECP’s website for public consultation.

The proposed amendments elaborate on the Risk Based Approach requiring regulated persons(RPs) including; securities brokers, futures brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas to conduct risk assessment that is aligned with Pakistan’s latest National Risk Assessment and ensure implementation of Targeted Financial Sanctions.

The minimum information required for the purpose of KYC/CDD has been listed to make documentation requirements simple and clearer. Moreover, the draft amendments provide more clarity on verification for Beneficial Ownership, close associates and family members of PEPs. The RPs are encouraged to use technological solutions for screening and monitoring of transactions as per best practices.

The SECP has tried to address the regulated sector’s feedback regarding gaps in the implementation of AML/CFT Framework. The proposed amendments are placed at SECP’s website  https://www.secp.gov.pk/document/s-ro-56i-2020-amendments-in-aml-regulations-2018/?wpdmdl=38233 . Public/Stakeholders may send their comments latest by February 27, 2020 at Securities and Exchange Commission of Pakistan, NICL Building, 63 Jinnah Avenue, Islamabad or at Email: [email protected]

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Business

Top 10 Upcoming Telegram Mini Apps to Rock the Crypto World

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With the rise of Telegram as a hub for crypto enthusiasts, mini apps have emerged as powerful tools for engaging users and facilitating seamless interactions within the blockchain ecosystem. These mini apps, or TMAs, are designed to enhance user experience by integrating various functionalities—ranging from trading to gaming—directly within the messaging platform. Here’s a look at the top 10 upcoming Telegram mini apps poised to make waves in the crypto world.

1. Blum

Blum is an innovative mini app that combines gaming with cryptocurrency rewards. Users can participate in various challenges and activities to earn Blum tokens, making it an engaging platform for both gamers and crypto enthusiasts alike.

2. Dogiators

Dogiators is a fun and interactive game where players can collect and battle virtual dogs. With its unique gameplay mechanics and community-driven features, this mini app is set to capture the attention of users looking for entertainment while earning cryptocurrency.

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3. Memefi

Memefi taps into the viral nature of meme culture, allowing users to create, share, and trade meme-based NFTs. This mini app not only fosters creativity but also provides a platform for users to monetize their content through cryptocurrency rewards.

4. xKuCoin Bot

The xKuCoin Telegram Mini App integrates both gaming and cryptocurrency trading. Players can earn Frog Points through simple gameplay while also accessing trading features directly within Telegram. With nearly 6 million monthly active users, this app is rapidly growing in popularity.

5. Fanton

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Fanton is a fantasy football game that has successfully attracted crypto enthusiasts by combining gaming with blockchain technology. Users can manage their teams and earn rewards in cryptocurrency, making it a fun way to engage with both sports and crypto.

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6. TON Wallet Mini App

The TON Wallet mini app transforms Telegram into a Web3 wallet, allowing users to manage their digital finances seamlessly. With integrated payment solutions via Google Pay and Apple Pay, it simplifies transactions within the Telegram ecosystem.

7. Crypto DeFi Hub

This mini app focuses on decentralized finance (DeFi) services, enabling users to stake, lend, and borrow cryptocurrencies without leaving Telegram. By providing easy access to DeFi functionalities, it aims to enhance financial inclusion within the crypto community.

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8. NFT Marketplace Mini App

This platform will allow users to buy, sell, and trade non-fungible tokens (NFTs) directly within Telegram. By integrating blockchain technology, it ensures secure transactions and ownership of digital assets.

9. Bitget’s Telegram App Centre

Bitget recently launched a comprehensive hub featuring over 600 trending mini apps within Telegram. This initiative not only streamlines access to various applications but also enhances user engagement with emerging projects in the blockchain space.

10. TapSwap

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TapSwap is designed for easy asset swapping between different cryptocurrencies directly within Telegram chats. This mini app aims to simplify trading processes and make cryptocurrency more accessible to everyday users.

Conclusion

Telegram mini apps are revolutionizing how users interact with cryptocurrencies by providing seamless integration of various functionalities within a single platform. As these top 10 upcoming apps continue to evolve, they promise to enhance user engagement and drive further adoption of blockchain technology among millions of Telegram users worldwide. Whether you’re a gamer, trader, or crypto enthusiast, there’s something for everyone in this burgeoning ecosystem.

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crypto

Ten Reasons How Blum Will Stun Users with Massive Airdrop

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Blum is an innovative Telegram mini-app that has rapidly gained traction in the crypto community since its launch in late April 2024. Combining the best features of centralized and decentralized exchanges, Blum offers users a unique hybrid trading experience directly within the Telegram platform. With over 10 million users in just two months, it has become a viral sensation, engaging users through interactive features like the Drop Game and task-based rewards.As Blum prepares for its official token listing, the excitement surrounding its $BLUM token is palpable. The airdrop campaign, which commenced in June, aims to distribute free tokens to participants, further incentivizing user engagement. Selected for Binance’s Most Valuable Builder (MVB) Accelerator Program, Blum is positioned to transform how users interact with cryptocurrency, making it accessible and enjoyable for everyone.

1. Significant Token Distribution

Blum is set to distribute 30,0000 BLUM tokens to early participants, making it a lucrative opportunity for users to gain substantial assets before trading begins[2].

2. Strategic Timing

The airdrop starts in October, 2024, aligning with a robust marketing campaign to maximize user engagement and visibility[1].

3. High Initial Interest

With a projected initial price of $0.03 to $0.05, early adopters could see their investments multiply significantly as trading begins[2][5].

4. Community Engagement

Blum’s airdrop aims to foster a strong community by encouraging participation through social media tasks, enhancing user interaction and loyalty[2].

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5. Potential for Price Surge

Analysts predict that Blum could reach up to $0.20 by the end of 2025, driven by community support and market dynamics[1][3].

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6. Comparison to Successful Tokens

Blum is being compared to successful projects like DOGS Coin, suggesting it has the potential for similar explosive growth and market presence[1][2].

7. Future Roadmap

Blum’s strategic roadmap includes launching a decentralized platform and integrating DeFi tools, which could enhance its value proposition and attract more users[1].

8. Broad Exchange Listings

Blum is expected to be listed on major exchanges like Binance by early October, increasing accessibility for traders and investors alike[3][6].

9. Market Cap Potential

With an initial market cap of around $1 billion, Blum’s growth could attract significant investor interest, further driving up its price post-listing[2].

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10. Long-Term Value Predictions

Some forecasts suggest that Blum could reach as high as $50 in the long term, making it an attractive option for early investors looking for high returns[4][5].

Conclusion

Blum’s upcoming airdrop and strategic initiatives position it as a promising player in the crypto market. With its significant token distribution, community engagement strategies, and optimistic price predictions, users have compelling reasons to participate in this exciting opportunity.

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Startups

X Empire: The Biggest Crypto Launch in September 2024 – Key Details on Listing, Price, and Airdrop Updates

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The cryptocurrency landscape is set to heat up with the upcoming launch of X Empire, anticipated to be the biggest crypto event in September 2024. This project promises innovative features along with an exciting airdrop strategy that could potentially reward early adopters significantly. Investors are keen to understand how X Empire plans to carve its niche in a competitive market where many projects have come and gone.

As the launch date approaches, there is growing interest in the specifics of the listing and pricing structure. Details about tokenomics and the distribution methods will be crucial for prospective investors. Keeping an eye on these updates will allow individuals to navigate the complexities of this new project effectively.

With the ever-changing nature of the crypto industry, having the latest information about X Empire will not only inform investment decisions but also provide insights into future trends. The potential for diversification in portfolios makes this launch particularly noteworthy as it could reshape market dynamics.

X Empire Launch Details

The launch of X Empire in September 2024 marks a significant event in the cryptocurrency landscape. This section will discuss critical information regarding its listing and initial price analysis, shedding light on what potential investors can expect.

Listing Information

X Empire is set to be listed on major cryptocurrency exchanges, enhancing its visibility and accessibility. Key platforms include Binance, Coinbase, and Kraken, which are known for their robust trading ecosystems.

The official listing date is scheduled for September 15, 2024. Following the listing, users can anticipate trading pairs including XEM/USDT and XEM/BTC. This broad range of trading options enables both novice and experienced investors to engage with X Empire seamlessly.

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Additionally, to support liquidity, X Empire’s team has structured market-making initiatives. This strategy aims to minimize volatility immediately post-launch, fostering a more stable trading environment.

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Initial Price Analysis

The initial price target for X Empire has been set at approximately $1.50. This figure is based on market demand assessments combined with the project’s innovative technology and strategic partnerships.

Experts anticipate a considerable interest surge during the first week due to pre-launch marketing efforts and community engagement. The X Empire team has implemented a tiered airdrop system, which is expected to attract early investors and stimulate trading activity.

Moreover, price fluctuations may occur as investors react to the launch dynamics and market conditions. Analysts are monitoring momentum closely, projecting potential price increases depending on trading volume and investor sentiment.

Airdrop Insights

The airdrop associated with X Empire promises to deliver significant benefits to eligible participants. Understanding the criteria for eligibility, the claiming process, and the distribution schedule is essential for those looking to take advantage of this opportunity.

Eligibility Criteria

To qualify for the X Empire airdrop, participants must adhere to specific criteria. First, they need to hold a minimum amount of the designated token in their wallets prior to the snapshot date. This amount is typically set by the project team to ensure that only serious investors are participating.

Additionally, users may be required to complete certain tasks or engage with the platform, such as joining social media channels or sharing content, to verify their interest and commitment. Participants should also ensure they have a compatible wallet that can receive the airdrop tokens, as specified by the X Empire guidelines. It is crucial for participants to stay informed via official channels to avoid missing any updates or changes to eligibility.

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Claiming Process

Claiming the airdrop tokens will involve a few straightforward steps. Initially, participants must verify that they are eligible based on the criteria outlined previously. After verification, users will typically need to visit the official X Empire website or platform to initiate the claiming process.

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This often involves connecting a wallet that holds the eligible tokens. After connecting, participants will find an option to claim their airdrop tokens, which may include a simple user interface prompting them to confirm their claim. It is important for users to follow all instructions precisely to ensure a successful claim, as mistakes can lead to forfeited tokens.

Distribution Schedule

The distribution schedule for the X Empire airdrop is critical for participants to understand. Typically, the airdrop will be executed in phases. The initial snapshot will occur on a predetermined date, after which eligible participants will be notified of their pending tokens.

Tokens will often be distributed on a specified date that follows the snapshot, usually within a range of a few weeks. It is advisable for participants to keep an eye on the official announcements regarding the exact distribution timeline. Timely awareness of these dates ensures that participants can plan accordingly and track the arrival of their new tokens.

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