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Alibabacoin Foundation is excited to achieve back to back milestones

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Alibabacoin Foundation is excited to achieve back to back milestones
Source: Alibabacoin

Alibabacoin Foundation, the blockchain based company, is celebrating their back to back achievements which have established them as a robust company in the cryptocurrency world. After surpassing their ICO goal and successfully completing the airdrop that involved thousands of users worldwide, Alibabacoin recently listed their native ABBC on nine top exchanges around the world.

Since 10th October, ABBC is listed on major exchanges namely, Bitforex, Coinbene, Ooobtc, and Dragonex from Singapore as well as Idax [Mongolia], Topbtc [Australia], Rightbtc [Dubai], Coinsuper [Hongkong] and Sistemkoin [Turkey]. The users can now start trading on these exchanges and withdraw their funds whenever they want to.

Apart from listing the coin, Alibabacoin has also collaborated with 30 popular online shopping portals like eBay and Amazon, to enable the users to pay using ABBC. This will immensely benefit the ABBC holders.

Paul Philip, the founder, and CEO of Alibabacoin Foundation mentions in their statement to the media,

“We are excited to announce that ABBC is now listed on nine major exchanges located in six countries. All the users in those countries and wordwide can now trade in the constantly growing ABBC. Apart from this, the coin holders can also use the ABBC to pay on the most popular online shopping sites across the world. We thank our community members and customers for their constant support and faith in us”

Alibabacoin Foundation has carefully selected the most trusted, robust and user-friendly exchanges from around the world so that the traders can conveniently trade in ABBC. All of the listed exchanges offer utmost security and privacy to the user’s data as well as prompt customer support. For instance, Bitforex has offices in multiple countries and users in over 186 countries while Topbtc is one of the leading and most trusted exchanges in Australia. Sistemkoin and Coinsuper also offer a secure and user-friendly digital trading platform for the users worldwide.

In the past, Alibabacoin Foundation introduced the revolutionary facial recognition technology in the multi-crypto wllet, which will eliminate the need to enter a manual password and the user can securely access the wallet with their Face-ID. The Multi Crypto wallet by Alibabacoin is a remarkable wallet that supports upto six cryptocurrencies namely, ABBC, BTC, ETH, LTC, QTUM, and DASH while more coins will be added in the future.

Alibabacoin Foundation will be launching their own online shopping portal and marketplace by the end of 2018.

Disclaimer:

Alibabacoin Foundation is not affiliated with Alibaba Group Holding Limited, China. To know more: Click Here!



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Montana State makes a move in favor of crypto-space as the law recognizes utility tokens as not securities

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Montana state makes a move in favor of crypto-space as the law recognizes utility tokens as not securities
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The United States has always been the highlight of the cryptocurrency space in terms of its regulation, with some states introducing laws in its favor and others deciding to not make an official stance. In terms of laying crypto-friendly rules and regulation, Wyoming has always been one of the most recognized state, while the most hostile one is deemed to be New York.

Colorado made headlines earlier this year, with the Digital Token Act that exempts utility tokens from state securities law being signed by the governor in early March 2019. Notably, in the same month, Wyoming State Senate also passed House Bill 70, Utility Token Bill.

Now, another state has joined the bandwagon by making a similar move. Drew Hinkes, Attorney at Carlton Fields, stated that the State of Montana recognizes utility tokens and exempts it from state securities law. The initial announcement pertaining to this bill was made in February 2019, where Montana House Bill was introduced to “Generally revise laws relating to cryptocurrency”.

The Attorney stated on Twitter,

To this, Caitlin Long, the Co-Founder of Wyoming Blockchain Coalition stated,

“Congrats to #Montana for joining #Wyoming & #Colorado in recognizing that #utilitytokens are not securities under state law!”

Montana also made headlines because of news pertaining to cryptocurrency mining regulation. According to a local news portal, Missoula County commissioners had directed its staff to outline an interim law that regulates the cryptocurrency mining industry. The decision to introduce laws on crypto-mining was made due to concerns pertaining to electricity consumption, with the county prompting the use of renewable energy for mining.

Commissioner Cola Rowley had stated,

“This isn’t throwing ice on economic development or saying that industries aren’t welcome here because we’re an unfriendly environment that hates progress. Cryptocurrency and economic development – bringing businesses here – are two very different things.”

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