“Dash is the most used cryptocurrency in Venezuela.” Hyperinflation in Venezuela is the currency instability in Venezuela that started in 2016 during the country’s ongoing socio-economic and political crisis.
Dash has helped Venezuela balance Government policies, price controls, corruption, currency devaluations, heavy money-printing, and deficit government spending (Vs.) continuous wage increases, unemployment, rising prices in goods, redenomination of the Venezuelan bolívar Fuerte to the bolívar Soberano, a decrease of tax revenues and shortages of foreign currency reserves and goods.
Dash has proven itself firmly in one country. However, several countries are suffering similar issues, and very soon, it might be used in several countries to offset the similar problems related to inflation.
The world’s first ownerless and memberless investment fund, the DASH Investment Foundation (DIF) Dashinvests, is pleased to announce that they have partnered with Brazil-based law firm C2Law to provide legal and compliance services for investments.
Legal and compliance solutions for Fintech are critical because there is not a single licensing or regulatory agency, which oversees fintech companies. Instead, depending on the services and products they offer, they can be licensed or supervised by local, state, or federal regulators on a functional or activity basis. Compliance risk involves assessing risk and further managing risks. When managing risks, it becomes important to take a systemic approach to identify, mitigate, and review the compliance risk faced by businesses on an ongoing basis.
FinTech has developed a lot in recent years; however, with these developments, new challenges arise, particularly so for regulators. Regulators are forever making rules, regulations, bylaws, ordinances to ensure they apply current law to these ever-changing concepts in a world of continual technological advancement.
Eight areas make “Fintech.” The areas are payments, insurance, planning, trading and investments, blockchain, lending/crowdfunding, data and analytics, and security.
Suppose Fintech companies do not address the relevant legal issues from a legal perspective. In that case, they will include massive legal liability, and this can even lead them to shut down shop and never rise back ever after.
C2Law is a Brazilian-based law specializing in legal and compliance solutions for Fintech with a global presence in Brazil, the United Kingdom, Switzerland, Malta, Portugal, and Germany.
This partnership of C2Law with Dash Investments announcement has come after the recent news of the Dash Investment Foundation, which completes an investment of R$1.4 million ($250,000 USD) in 88i Seguradora Digital, who is a Brazilian digital insurer that aims to disrupt the insurance industry by the adopting blockchain technology.
Rodrigo Ambrissi, Dash Investment Foundation Supervisor, “The Dash Investment Foundation is very pleased to inform the Dash network and wider crypto community about this partnership. Our investment portfolio is expanding, and C2Law’s professional experience with specialized legal services for blockchain technology projects will assist the DIF in streamlining future investments. C2Law has helped the DIF with investing in 88i Seguradora Digital and one soon-to-be-announced investment also based in Brazil that we’re very excited about.”
The foundation has created a bridge between the network protocol and the legacy financial and legal systems.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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