VANCOUVER, BC, Sept. 24, 2020 /CNW/ – Cascadia Blockchain Group Corp. (“Cascadia” or the “Firm”) (CSE: CK) is happy to announce that Eurasia Blockchain Fintech Group Restricted (“EBFG”), a subsidiary of the Firm hosted the twond Presidential Youth Employees Reserve assembly on September 19, 2020.
The federal government officers of Kazakhstan together with the Minister of Training and Science, Askhat Aimagambetov, Minister of Nationwide Financial system, Ruslan Dalenov, Aide to the President of the Republic of Kazakhstan, Erlan Karin, and 70 members of the Presidential Youth Employees Reserve attended the assembly.
This 2nd Presential Youth Employees Reserve Assembly continued the dialogue of the important thing subjects talked about within the State of the Nation Tackle by President of Kazakhstan, Kassym-Jomart Tokayev, similar to digitalization, data expertise, new monetary applied sciences, public administration, academic packages in IT and fintech. The assembly additionally addressed the next seven fundamental ideas, that are the important thing to Kazakhstan’s financial improvement:
- Equitable distribution of advantages and tasks
- The main position of personal enterprise
- Honest competitors, opening markets for a brand new technology of entrepreneurs
- Elevated productiveness, complexity and technological effectivity of the economic system
- Improvement of human capital, funding in a brand new kind of schooling
- A “Inexperienced” economic system, environmental safety
- Adoption of well-grounded selections by the state and accountability to society for them
Moreover, Tilektes Adambekov, the Chief Govt Officer (“CEO”) of EBFG offered Eurasia Blockchain eXchange (“EBX”) platform to the attendees together with the ministers and the Presidential Youth Employees Reserve members, who’re potential clients and stakeholders of EBX.
Kazakhstan is a blockchain pal nation and EBFG is the pioneer in cryptocurrency exchange platform in Kazakhstan. It’s worth to say that the President of Kazakhstan paid an ideal consideration to the event and implementation of latest monetary applied sciences in his newest State of the Nation Tackle. The federal government just lately offered further exemptions and eliminated sure restrictions on EBFG’s FinTech license, which permits EBFG to speed up the launch of EBX.
“By means of our steady efforts and dedication to the event of EBX, in addition to cooperation with the federal government of Kazakhstan, Astana Monetary Providers Authority (“AFSA”) just lately eliminated the restriction on the variety of shoppers. Beforehand, there was a restrict of a most of 100 shoppers. With out the restrict of variety of shoppers, EBX would have the ability to develop its enterprise at a a lot sooner tempo. Our staff will proceed to finalize the testing of EBX to make sure the official launch of EBX is protected and profitable” mentioned Di Deng, the President and CEO of Cascadia.
Cascadia is an early stage fintech and blockchain expertise firm listed on the Canadian Securities Change (CSE: CK). Its wholly owned subsidiary, Eurasia Blockchain Fintech Group Restricted (“EBFG”), has a conditional FinTech License to function a crypto foreign money exchange and supply custodian providers below the model of Eurasia Blockchain eXchange (“EBX”).
Astana Worldwide Monetary Middle is the monetary heart of Central Asia, the Caucasus, EAEU, the Center East, Western China, and Europe. AIFC operates below English legislation and goals to develop monetary markets. AIFC has a separate financial system with an unbiased judicial system primarily based on frequent legal guidelines. It has relaxed overseas exchange management and capital surroundings. Firms integrated below the jurisdiction of AIFC are entitled to 50 years of exemption from company, private earnings, land, and property taxes.
The CSE doesn’t settle for accountability for the adequacy or accuracy of this launch.
SOURCE Cascadia Blockchain Group Corp.
For additional data: Hanxuan Wu, Director, [email protected]