European institutions are issuing another section of warnings about the risks and sins associated with Bitcoin, but the Crypto communities of the Old Continent are trying to preserve the independence granted by Brussels. Announcing the plan to offer two exchange peer-to-peer cryptocurrency trading from the opposite corner of New Europe. Latvia-based Hadleldle has launched its new P2P platform in beta-mode, and Bulgarian Crypto.bg is promoting its own service which can replace the focus media with a token.
Also read: Global P2P Crypto Markets recorded record volume throughout December
Going around the world
Developing the Better and Unregulated Crypto Bazaar has been introduced into Integrated EU Periphery, where too much regulation and centralization, political and economic memories, still vivid. The two exchanges from both ends of Europe have announced the preparation for the full processor P2P service of their users, which is similar to the wishes of the world.
The Latvian exchange introduced a new bit-version designed to accommodate safe and secure peer-to-peer transactions with Hadlehadle Bitcoin and other cryptographers. Users can now open accounts, complete their profiles, set up two-factor authentication, create offers and study the available functionality. The agreement is currently incomplete, but the developers hope to complete the order book within a week and by launching them into a book.
In the first phase of the project, only Bitcoin (BTC) and Light Coin (LTC) will be traded. Exchanges will work in beta-mode with the 0% commission from July 2010. After this, a fee of 0.6% of the trade will be applied. "P2P Bitcoin Exchange, which does not hold funds," will introduce the Multicig (P2SH) contract that allows users to control their funds in escrow. Hodlhodl offers native Bech32 Segwit addresses and P2SH-P2WSH surveillance malicious escrow addresses. Exchange services will be decentralized and any KYC (know your customer) or AML (anti-money laundering) method will be applied. Passing a "absolutely voluntary verification" will reduce the commission by 0.5%.
Plans for the future include introduction of light network microprumpment and support for other cryptographers. The website's menu is now available in English and Russian, but other languages will be added. Hodlhodl will be working on providing transaction integration with a mobile version of Wallet Provider and platform, optimizing transaction fees and increasing security for its users. His team promises a "truly global" P2P cryptocurrency exchange.
Each action has a response
On the opposite corner of Europe, in Bulgaria, a leading crypto trader has also announced that it is working on a P2P platform, after experiencing multiple problems with the traditional financial system. Crypto.bgwas suddenly affected by the crushing last year when the Bulgarian bank blocked access to the accounts used by the local exchange. It closes operations in early December, and then re-trade before Christmas goes offline. In January, Crypto.BG announced that it was forced to suspend trade "indefinitely".
This month the exchange posted on its website that it is searching for options to provide services without going through the bank. It is now planning to make Bitcoin a new peer-to-peer platform that is currently under development. A new medium exchange will be used instead of currency changes - cryptolive (Levite has emulated BGN). This will probably be an ERC20 token based on Erremium Blockchain, founder and CEO Stamen Gorchov published in the company forum. Ethereum classic references as he is a cheaper alternative
Through a new system cryptoscope, Bitcoin will offer a fixed amount of support supported by a public address "lock". A foundation based on Switzerland's Etherium Foundation has been invited to join another Bulgarian exchange project that can guarantee further future guarantees. Xchange.bg, Altcoins.bg, and Cix.bg have reported bans in their activity citing various reasons including changes in their bank accounts
Bank transfer will be made on a peer-to-peer basis and banks can not tell whether these transactions are related to Bitcoin. The trader would actually buy and sell cryptos, buy Bitcoin. In addition to locally available services, payment options such as PayPal and Scril can also be added in the future, to open platforms in the potential world market.
Incredible euro warning
Both exchanges are working on their P2P platform, the European organization issued new warning about Bitcoin. According to Eurolopol, using more than 5.5 billion dollars of money was being used in Europe by using cryptocolines. "It's growing very fast and we are quite concerned," the company's director Rob Wainwright told the BBC. "The police can not keep track of those transactions, and if they mark them as criminals, there is no way to erase them, like regular banking system," said WayneWorth.
This week, the European Securities and Markets Authority (ASMA) warned about the dangers of obtaining cryptokwariadis in the absence of the legal process to protect European investors. "The regulator has been accused of" protecting the stability of the European Union financial system, ignoring the risks, Crypto has expressed its concerns in a growing number of purchasing nationals. " European Commission Vice President Valdis Dombrovskis, responsible for financial stability, financial services and capital markets, supported the warnings support of ESMA