MoneyTradeQueen announced its new digital currency and listed it on the Nova Exchange platform, where it started trading immediately from Dubai.
Bahrain-based Global Finance Company announced today that it has acquired the intellectual property rights of its new digital currency patent, Mani Trade Coin, in the Middle East and Africa. The new digital currency was announced on the Nova Exchange platform yesterday, .
According to Al Khaleej newspaper, Mani Trade Company Limited announced that it is looking for a license from the official authorities in the UAE to Trading its new digital currency.
The company owns the intellectual property rights of the patent of Mani Trade Coin, a subsidiary of Bahrain Petrochemical Global Company, UAE, registered in several countries such as the United Kingdom and Estonia and is registered in Switzerland with a paid up capital of 1 million Swiss francs .
It is also registered in India through its subsidiary, Flanstone Technologies Bravitt Limited, the Indian trading platform which will be launched on September 30, 2017.
The company is currently seeking the necessary license to operate in the UAE, and company officials said that it is currently negotiating with stakeholders and differentiating between the appropriate bodies to obtain a license to work in the country, and the parties proposed the Dubai Multi Commodities Authority and the Dubai Financial Services Authority.
Amit Lakhbanal, founder and CEO of Mani Trade Coin, said the next goal was to include the new currency in more than four currency trading platforms, including C6, Swinks and Polyonex.
According to Lacanbal, "Mani Trade Coin" is an accredited, registered entity with a recognized founder and owner. The company launched the "Digital Currency Identification" campaign with its currency and Mani Trade Coin.
Experts said the main debate over digital currencies was due to abuse by users, pointing to increased efforts to record digital currency and record buyers' data, reducing opportunities for manipulation and abuse.
The Mani Trade Coin exchanging stage gives electronic exchanging and trade to numerous computerized monetary forms. ManiTradeCuin is as of now purchasing the current Bitquin to make the portfolio, yet the organization plans to encourage the buy soon through different techniques, for example, entryway (through charge cards, platinum cards, PayPal) and conventional bank SWIFT exchanges.
The organization has set up Estidama's program to disperse 20% of Mani Trade Coin's benefits to foundations, giving 5% of benefits to philanthropies licensed in the UAE, 15% to social welfare reserves for instruction advancement, wellbeing , R and D, insurance, and numerous different fields.