Fri, Jan 17, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Stepwyze to roll out cryptocurrency ICO for global special economic zones

Thursday, May 24, 2018

Komfie Manalo, Opalesque Asia:

Stepwyze.io, a blockchain developer and software solutions provider, is launching a cryptocurrency project that would be the first of its kind for global Special Economic Zones (SEZs). The SEZT.io cryptocurrency will be initially developed for use within the SEZs but will be used in a wider scope as adoption increases, said Stepwyze.io CEO Todd Kandaris.

Kandaris said, "The SEZT.io represents a value proposition for the creation of a digital economic ecosystem, specifically tailored for the use of blockchain applications, and to provide a utility token as the medium of exchange, initially used within, and between qualified special economic zones globally."

Stepwyze.io has identified at least 31 countries with SEZs. They are: Bangladesh, Belarus, Cayman Islands, Cambodia, China, Cuba, Democratic Republic of the Congo, Greece, Egypt, Ethiopia, India, Indonesia, Iran, Jamaica, Malaysia, Mauritius, Mexico, Myanmar, Nigeria, Democratic People's Republic of Korea (North Korea), Pakistan, Panama, Philippines, Poland, Republic of Korea (South Korea), Russia, Thailand, Ukraine, Uzbekistan, Vietnam, Zambia.

Furthermore, Kandaris emphasized that many of these countries operate multiple SEZs within their jurisdictions, multiplying the potential for the inclusion of additional SEZT consortium members.

In anticipation of launching the SEZT.io cryptocurrency, Stepwyze has signed a Memora......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: PFIC: what U.S. investment funds should be particularly aware of and newly proposed regulations[more]

    By: Kris Hatch, Idan Netser, Fenwick & West LLP U.S.-based venture capital and other funds that invest in foreign companies must be careful to avoid the passive foreign investment company (PFIC) rules, which could substantially increase the tax owed on exit for U.S. taxpaying investors. U.S. per

  2. Renaissance employees could face clawbacks over hedge fund's tax maneuver[more]

    Jim Simons's Renaissance Technologies LLC has produced the greatest investment returns of any hedge fund. Now, it also may be facing an unusually painful tax headache. Last week, Renaissance sent a letter to its current and former employees warning that the Internal Revenue Service could force them

  3. D.E. Shaw's Orienteer strategy posts double-digit returns this year, EcoR1 puts up big gains as the hedge fund scoops up biotech, Ex-hedge fund BlueCrest extends winning run with 50% gain[more]

    D.E. Shaw's Orienteer strategy posts double-digit returns this year From Reuters: D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime. The Orie

  4. PE/VC: Private equity takes a breather from investing in banks, 2019's 10 defining moments in venture capital, Another record year for PE secondaries amid more GP-led transactions, How 2019 became the best year in private equity's history[more]

    Private equity takes a breather from investing in banks From American Banker: FirstCapital Bancshares of Texas has aspirations of going public in the next couple of years and it's counting on the resources and expertise of private-equity backer Castle Creek Capital to help it realize that

  5. BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August, Eiad Asbahi's Prescience Point gained more than 100% last year, Ray Dalio's most prominent fund suffers first annual loss since 2000, Sundheim's D1 posts strong gains[more]

    BlackRock's flagship hedge fund Obsidian returns more than 13% in 2019 after stumbling in August From Business Insider: BlackRock's 23-year-old Obsidian hedge fund bested the average hedge fund, returning more than 13% in 2019 even after losing money in August. The fund, manage