News and Announcements
Nauticus supporting digital currency regulation to support against scams
- Published May 04, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Highlights
- Nauticus has been built upon a solid foundation of security and compliance led by Chief Operating Officer Jonathan Chang, a former ANZ banker, and CEO Bryan Ng, a licensed accountant (CPA).
- A lack of regulation in the industry has seen a flurry of corruption, with the EU experiencing 700 scams netting $50 million in the month of January alone.
- Countries such as Australia, Switzerland and Malta have embraced well-designed regulations which both protect users and encourage innovation, to ensure the ongoing longevity of digital currency across the globe.
Melbourne-based, fintech company, Nauticus offers 17 digital currencies and AUD and is focused on providing the world with low cost, borderless financial transactions. The company has been built upon a solid foundation of security and compliance, led by Chief Operating Officer Jonathan Chang, a former ANZ banker, and CEO Bryan Ng, a licensed accountant (CPA).
Both believe poor regulation of digital currencies, similar to that seen in the 2008 Global Financial Crisis, has been the cause of a spate of corruption. This was seen in the EU in the month of January with 700 scams netting $50 million.
Certain countries such as Australia, Switzerland and Malta have embraced well-designed regulations which both protect users and encourage innovation. This regulation is critical to ensure the ongoing longevity of digital currency across the globe.
About Nauticus
Nauticus is a Melbourne based fintech company that provides user-friendly and secure crypto banking and eCommerce solutions utilizing blockchain technology, underpinned by the Nauticus Coin.
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