Author: Simona Bostan

by Simona Bostan Simona Bostan No Comments

Fath El Kheir reaches Malta for promoting the 2022 World Cup in Qatar

The Fath El Kheir reaches Sliema Harbor today the 24th of September 2019 @ 17:00 hours.

The Cultural Village Foundation – Katara launches ‘Fath Al Kheir 4’ journey, which will travel to a number of European and Arab cities on a two-year trip to promote the 2022 World Cup in Qatar.

The journey started from Istanbul to the Mediterranean Sea, navigating to Greece, then Albania, Croatia. It will stop at the Italian port of Genoa. From there it will continue to Monte Carlo, Nice, Marseille, Barcelona, Tangier, Algeria. and reach Tunisia in 2021.

Although it wasn’t schedule to come to Malta, this has changed en route and we can enjoy the beautiful 40 meter long dhow.

The Fath el Kheir Journey represents one of the most important activities of the Katara Traditional Dhows Festival. It aims at reviving the heritage of ancestors in traveling and navigating through the gliding dhows, preserving this kind of heritage and teaching the youth how to navigate and travel bu sailing dhows.

This is the first trip of its kind in the region, with the availability of modern means of navigation and the difficulty of providing dhows capable of accommodating such maritime trips, in addition to the readiness of a group of experienced youth.

by Simona Bostan Simona Bostan No Comments

Delta Summit 2 – 4 October 2019

Join Malta is leading the charge in the implementation of regulation for blockchain and cryptocurrency. This presented the opportunity to host the first official conference launching Malta as a regulated virtual currency and ICO centre. 
With the launch of the public consultation for AI strategy, Malta is continuing to position itself as a cutting- edge hub for emerging technology companies seeking to establish themselves in this space, as well as providing a place for individuals to develop and innovate.

As Malta’s official platform, DELTA Summit will be bringing together not only blockchain and cryptocurrency technology, but also cognitive technologies such as AI and IOT, whilst also providing a platform for the growing ESports market. Its aim is to provide a venue to allow companies- large and small- from all over the world to promote technology at the highest level.
DELTA Summit serves to bring together companies and individuals under one roof to congregate and exchange ideas, as well as to promote discussion and to further highlight the Government of Malta’s efforts to establish Malta as a pioneer in the disruptive technology sector.

The aim of DELTA was always to expose the innovative legislation and opportunities not only to the locals currently residing in Malta are benefitting from, but also to the entire global community.

This conference has served and will serve as a marketing platform for Malta as the innovator and ideal hub for companies seeking to establish themselves in the mentioned space, as well as individuals who are intrigued by the technology and its opportunities.

DELTA will also serve to be a platform to promote the technology, the business opportunities related, the legal platform adopted by the government and will serve as a congregation for enthusiasts, doubters and experts.

The 2019 version of DELTA Summit aims to create an even greater global debate on the subject and to further expose the efforts of the Maltese government in establishing Malta as the pioneering blockchain nation.

When? Between the 2nd and the 4th of October 2019 @ MFCC Malta.

To purchase your ticket here: https://delta-summit.com/tickets/

by Simona Bostan Simona Bostan No Comments

Crypto Banks approved by Switzerland

FINMA guidance: stringent approach to combating money laundering on the blockchain

The Swiss Financial Market Supervisory Authority FINMA has published guidance on how it applies Swiss anti-money laundering rules to financial services providers supervised by FINMA in the area of blockchain technology. FINMA has also issued banking licenses to two new blockchain service providers.

FINMA recognizes the innovative potential of new technologies for the financial industry. It applies the relevant provisions of financial market law in a technology-neutral way. However, blockchain-based business models cannot be allowed to circumvent the existing regulatory framework. This applies particularly to the rules for combating money laundering and terrorist financing, where the inherent anonymity of blockchain technology presents increased risks.

Combating money laundering requires identification

On 21 June 2019 the international body tasked with developing policies to combat money laundering, the Financial Action Task Force (FATF), issued guidance on financial services in the context of blockchain technology. As for traditional bank transfers, information about the client and the beneficiary must be transmitted with transfers of tokens (with the exception of transfers from and to unregulated wallet providers). Only then, for example, can the provider receiving this information check the name of the sender against sanction lists or check that the information provided about the beneficiary is correct.

Anti-money laundering regulations apply to the blockchain

FINMA has consistently applied the Anti-Money Laundering Act to blockchain service providers since their emergence. In its guidance published today, FINMA provides information about this technology-neutral application of the regulation to payment transactions on the blockchain. Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers. FINMA-supervised institutions are thus not permitted to receive tokens from customers of other institutions or to send tokens to such customers. This practice applies as long as information about the sender and recipient cannot be transmitted reliably in the respective payment system. Unlike the FATF standard, this established practice applies in Switzerland without the exception for unregulated wallets and is therefore one of the most stringent in the world.

New blockchain service providers in Switzerland

For the first time, FINMA has issued banking and securities dealers’ licences to two pure-play blockchain service providers. The companies involved are SEBA Crypto AG registered in Zug and Sygnum AG registered in Zurich, which will offer services for institutional and professional customers. As usual, various conditions are attached, ensuring that the businesses are set up in an orderly manner. The practice set out in the guidance published today applies in full to the supervision of the two new institutions.

Contact

Vinzenz Mathys, Media Spokesperson
Tel. 031 327 19 77

Website: https://www.finma.ch
Emai: vinzenz.mathys@finma.ch

by Simona Bostan Simona Bostan No Comments

SiGMA welcomes a record  breaking 12,500 through its doors

SiGMA welcomed a record number of attendees through its doors. 12,500 delegates, speakers and sponsors converged for the SiGMA 2018 Summit, breaking previously held attendance records and setting the standard for future events. Held on the 28th to 30th of November, the event saw intense interest from both local and global quarters, bringing a truly worldwide perspective to proceedings.

The Summit was kicked off by an elegant Awards evening, which saw illustrious industry leaders rewarded for their contribution to the development and growth of the industry, with a plethora of awards handed out on the evening.

The three-day-affair saw a wide range of topics discussed at a high level during the six conferences and workshops, with a number of prominent speakers taking the stage. From the interplay of blockchain with iGaming to a conference dedicated to the regulatory changes in iGaming law – delegates were treated to quality debate on some of the most pressing issues affecting the sphere.

The workshops proved equally successful, with each room packed to the rafters for a series of talks covering the emerging LatAm markets to the always relevant issue of the quandaries faced by women working within the iGaming industry.

Notable denizens of the industry included individuals such as, John Kamara, an expert in the emerging African markets, Heathcliff Farrugia, CEO at the Malta Gaming Authority, AI guru, Angelo Dalli, Brock Pierce, an Advisor on Open Data Exchange and the  Prime Minister of Malta, Joseph Muscat.

The event also saw a number of battles pitched and won – Quizando took home the title at the ICO Battle, whilst Tomobox stunned with their start-up pitch during the fiercely fought SiGMA Pitch.

The Summit also provided a full complement of networking opportunities for delegates. A packed expo floor aside, attendees weren’t short on wining and dining opportunities throughout the Summit. A number of iGathering dinners, a Crypto Cruise and a decadent Closing Night provided ample opportunity to mingle in a relaxed yet refined setting.

See you all next year!

by Simona Bostan Simona Bostan No Comments

SiGMA is around the corner

The fifth edition of SiGMA will take place between the 28th and 30th of November 2018 at the Malta Fairs and Conventions Centre in Ta’ Qali. Positioned at the cutting edge of a very competitive industry, it has evolved into the definitive iGaming showcase.

SiGMA 2018 will welcome over 400 sponsors and exhibitors, 200 industry-leading speakers and a record-breaking 12500 attendees from over 80 countries – solidifying its reputation as a staple on the global iGaming calendar.

Simka Consulting will be present on all days and we are proud to be organizing this event for a Tech industry leader looking into expanding their portfolio.

As a Media Partner of SiGMA, If you want to meet and discuss business opportunities or book an interview with our team, contact us at info@simkaconsulting.com.

See you all soon!

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