"But ultimately, if you are an actor in the space that's going to be holding onto client funds, you should fall under regulation."
"We're starting to see some really great advancements around MPC (multi-party computation) technology to make that safer," Soto-Wright said. But he added that comes with its own set of challenges. Soto-Wright says that MoonPay's platform is non-custodial and that it does not hold onto customer funds as part of its business model.
MoonPay co-founder and CEO Ivan Soto-Wright said that his company has no meaningful exposure to FTX, though he added that this is an inflection point for the industry with an impact on all the players.īefore filing for Chapter 11 bankruptcy protection amid allegations of misuse of customer assets, FTX offered trading on its exchange by storing digital assets in what are called custodial wallets, which allowed it to serve as a middleman holding customer funds. "But some of the positives that come out of it will probably be some responsible regulation that will provide clarity for large companies that want to get into the space." "If you look at the energy industry you had Enron if you look at the health industry you had Theranos if you look at the financial industry, you had Bear Stearns and Lehman Brothers, so it's not surprising that the crypto industry will have its bad actors as well," he said. "I think it's important to separate a bad actor from an industry," Grossman said of the FTX fallout. But the collapse of FTX and its ongoing ripple effect throughout the industry, coupled with this year's market volatility and risk-off investor environment, hasn't been kind to crypto trading. For now, that includes bitcoin, ether, and other digital tokens like NFTs. MoonPay's pitch to investors is that it offers a "gateway" to digital assets. Jessica Sibley, who was most recently the chief operating officer at Forbes, is now Time CEO. Grossman began transitioning out of his role as president in January to focus on the publisher's NFT business when Ian Orefice was named president and chief operating officer, according to a Time spokesperson.Įarlier this month, Time CEO Edward Felsenthal announced he was stepping down from that role, though he retains his editor-in-chief position and is taking on the additional role of executive chairman. Maya Draisin, Time's chief brand officer, will lead TIMEPieces.
"I think that the transition will be scary in one sense, because it's something new and different, but at the same time stable in another sense because we've consistently said that TIMEPieces was a community led by stewards, not founders."īefore his three-plus years at Time, Grossman had held leadership posts at major publishers including Bloomberg and Condé Nast-owned Wired. "I've spent the past year operationalizing it," Grossman told CNBC in an exclusive interview. Personal Loans for 670 Credit Score or Lowerĭuring his tenure at Time, Grossman has become a staunch advocate of cryptocurrency and blockchain technology, pioneering the media company's NFT business, TIMEPieces, and generating more than $10 million in profit along the way. Personal Loans for 580 Credit Score or Lower Some of the payment methods provided by Binance and Kraken are: Credit Card, Debit Card, Bank Transfer (SEPA), SWIFT.ĭepending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.Best Debt Consolidation Loans for Bad Credit To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange.
#Moonpay valletta verification
In most cases your verification will be approved instantly and at most can take 1-2 days. To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document. This is an unavoidable legal requirement for almost all exchanges in Tunisia. The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.Īlso it's important to note that you can always sign up to other exchanges later.Īfter signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.Įxchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you.
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