Daily Bulletin

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WhiteBIT continues its transcontinental expansion and enters the Australian market

  • Written by Daily Bulletin

Europe's largest crypto-exchange WhiteBIT continues to grow its business globally. The company has now joined the massive adoption of blockchain technology in Australia. By providing a secure and easy-to-use platform, WhiteBIT plans to significantly grow the cryptocurrency community in the Australian continent.

As part of a recent visit to Australia CEO VolodymyrNosov visited three regions of the country, visiting Sydney, Canberra and Melbourne. A meeting was held with the Ambassador of Ukraine in Australia VasiliyMiroshnichenko. VolodymyrNosov also met with employees of Australian government agencies, regulators and representatives of the banking sector.

WhiteBIT has now opened an Australian office, which will be headed by Alexander Sirica. Previously, the new CEO of WhiteBIT Australia worked as WhiteBIT's international business development manager. WhiteBIT Australia is already assembling a local team of specialists and like-minded people. WhiteBIT subsequently plans to establish a financial hub in Melbourne. The financial license required for Australian projects has already been obtained.

"Every day WhiteBIT cares about the financial freedom and well-being of our users around the world. The expansion of the company's business, plans to develop the cryptocurrency community on the Australian continent is the next stage of our mission to massively spread blockchain technology in a global dimension. Australia is a country where 20-30% of investors have savings in cryptocurrency. In other words, Australians are at the forefront of global technological progress. That's why we decided to start developing the company's financial hub on the Australian continent. An additional reason was the support of the public sector, as well as the high level of hospitality and interest from Australian regulators and representatives of the banking industry", - underlined VolodymyrNosov.

Volodymyr Nosov, CEO of WhiteBIT

Proof of the rapid development of the crypto industry on the continent can be seen in the numerous industry events that attract the continued interest of crypto business representatives and their clients. An important event in the process of implementing WhiteBIT's declared projects was its participation in fintech 21 conference, which took place this May at Marvel Stadium in Melbourne, Australia. The event is a discussion platform for the most active and innovative fintech and blockchain companies to meet the growing needs of the local crypto community.

The opening of WhiteBIT representative office in Australia was the next step after scaling the company's business in European countries - Spain and Turkey, where the owners of the crypto exchange are also building a dialogue with the public sector, banking and telecommunications companies.

"In one year, WhiteBIT's active audience has grown 20-fold. We expect that the industry's most advanced methods and technologies, which we have implemented on our platform, will enable WhiteBIT to continue to rapidly expand the number of our customers around the world," VolodymyrNosov emphasized.

Every WhiteBIT crypto wallet and account is protected by two-factor authentication and anti-phishing programs. More than 96% of all currencies are stored on cold wallets (without using the Internet), WAF web application firewall is used to detect and block hacker attacks.

Remark: WhiteBIT is the largest cryptocurrency exchange in Europe. It meets all KYC and AML requirements.It is among the top 2 exchanges in the world in terms of security, based on an independent audit by Hacken and has an AAA rating. TheWhiteBITteamunites 500 members.

How Business Permit Processing Works in the Philippines

  • Written by Angelo Castelda

Are you an aspiring new business owner? A business permit is a must for any establishment here in the Philippines. Without it, you have no legal right to run one. But do you know how the permit process works?

Even if we are in the age of information, people are still confused about what needs to be prepared. It does not help that despite the useful information given by the government, it is not distributed to everyone. Not only that, it is not easily understood. Sometimes it is better to be in the office to know what requirements are needed for processing. This article will discuss how the process works in the Philippines. Let’s go!

  1. Know what kind of business you are running

Every business processing permit Philippines has its specific requirements. The local government needs to know what industry you are entering, whether it would be food, recreational, pharmaceutical, and more.

All businesses have a general permit to operate. And specialized businesses need to obtain special permits for the establishment to open. For example, a drugstore needs to have its medicine approved by the FDA, and its pharmacists need to be licensed. It ensures that the medicine sold goes through the proper process until the customer gets it.

There are different processing approaches, whether you are a sole proprietorship or a corporation. Here is an example, if you are a sole proprietor, you need documents from the Department of Trade and Industry. And if you are applying as a corporation, you need to coordinate with the Securities and Exchange Commission.

  1. Prepare the documents

The number of documents required can depend on the kind of business you will run. Most of the time, you will need the Mayor’s Permit, DTI, or SEC certificate, contract, and other documents. Some businesses need more permits than others. It can take too much time, but it is mandatory. Because of the number of documents needed, some are even discouraged from running a business independently.

  1. Pay the processing fees

Processing fees will vary depending on the location of the business. Some local governments can accept payments in cash, but some are accepting digital payments for faster processing.

If you do not know how digital payments work and are the only available channel, you need to know how it works. Some do not accept cash payments, and you must create an account for digital payments. The local government may not process your documents if you do not pay digitally. It can be hard for others, as some are still not technologically literate. If you can, do your part to get the permits.

  1. Wait for your documents to be released

The last part of the process can be the shortest or longest. It also depends on the speed of the office you are applying for. Once you receive your documents, keep them in a safe place. They are evidence that your business can operate properly. In addition, it includes information that is present in the local government’s system. So if you want a digital copy of your document, the local government can provide you with one.

At first glance, it looks easy to get a business permit. But once you do gather the requirements, it will take much longer. You will spend your time visiting the local government before you can run your business. You will spend efforts here, and you must have these documents to know that your business is compliant.

Author’s Bio:

Angelo Castelda works as a contributor for a news magazine in Asia. He loves to learn and understand diverse cultures and aims to share through his writing his experiences around the world.

Read more: How Business Permit Processing Works in the Philippines

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