Everus (EVR) News
Dear Everus Users,
Please be advised that the PSIGEN service will be removed and no longer be available to Everus wallet users effectively from February 20th, 2019.
If you have an active PSIGEN trading package, your trading capital (in the form of Bitcoin) will automatically be transferred to your Everus wallet within two (2) weeks following the deactivation of the PSIGEN service.
Please note that all PSIGEN users must have completed the KYC verification process in order for the transfer of trading capital to be completed successfully.
Due to the current climate in the cryptocurrency market, we have taken the decision to remove this feature while we reevaluate the viability of this service. We will consider making this feature available again in the near future after re-evaluating future market growth and prospects.
At Everus, we are constantly developing new technological innovations to provide users with added usability for cryptocurrency in day-to-day life. We are committed to providing enhanced products and expanding Everus World ecosystem with some new innovation that we’re coming out which will be shortly available to all. Stay tuned!
We want to make this transition as smooth as possible for everyone who uses PSIGEN. You will soon receive an email from us with information about how the closure works. Any withdrawal prior to the deactivation date is subject to the existing PSIGEN Term of Use.
KUALA LUMPUR, 30th January 2019 – A Malaysian Blockchain company, Everus Technologies Sdn Bhd (“Everus” or “Company”) is pleased to announce that the Company will be expanding its business operations to Hong Kong with the intention of penetrating into the vast East Asia market.
Everus Founder and CEO, Srinivas Oddati said: “To create sustainable business prospects for Everus, we are currently taking steps to expand our business operations to Hong Kong. With its comprehensive set of regulations governing cryptocurrencies specifically safeguarding digital assets from theft and loss, we believe that Hong Kong will provide a long term strategic location to complement our global business expansion plan,”
“The regulations are set to benefit digital assets operators like us, to hold insurance and ensure our customers’ digital assets are well protected. It will boost investor protection and thus attract more traders to trade digital assets in Hong Kong,” he added.
“In addition, this will open the door for Everus in pursuing growth in the vast East Asia market. We are also open to potential partnership opportunities within the region to maximize deliverability for better services and better user experiences,” Srinivas Oddati added.
“Moving forward, we will be looking at opportunities to expand our business operations further into the European market. We are still in search of suitable strategic locations with high cryptocurrency value growth, hoping to benefit from greater flexibility. We will disclose specifics and make the necessary announcements as they are available.”
To recap, the Securities Commission Malaysia’s (“SC”) has entered a collaboration with Bank Negara Malaysia (“BNM”) to put in place guidelines to regulate digital asset offerings and trading in Malaysia. The Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) has on 15th January 2019 come into force, with certain interim requirements to meet. Everus had on 22nd January 2019 affirmed that the Company will fully comply and support the securities governing body to ensure compliance, and apply the requisite authorization from SC.
KUALA LUMPUR, 22th January 2019 – In light of the Securities Commission Malaysia’s (“SC”) move in collaboration with the Malaysian Central Bank’s (“BNM”) to enforce regulatory measures for the offering and trading of digital assets in Malaysia, Everus Technologies Sdn Bhd (“Everus” or “Company”) intends to cooperate and comply with the coming regulations and implementation on the regulatory framework of digital assets that provides better clarity to the digital assets market in Malaysia.
The country’s securities governing body expects to implement and enforce new regulations by end of Q1 2019, and have certain interim requirements established. In the meantime, Everus will apply and obtain the requisite authorization from SC, which will work with BNM to ensure full compliance.
Until Everus has its license approved and the new regulations are in force, Everus is prohibited to accept new customers and this is in accordance to the interim requirements issued by the SC. Thus, Everus has temporary disabled its Everus wallet sign up option. However, the situation will remain the same for existing Everus wallet users that registered prior to January 15th, 2019. All features in Everus Wallet are still available, including the ability to store and exchange assets, earning of reward points, bill payments as well as the earning point redemption feature.
Everus Founder and CEO, Srinivas Oddati said: “We are excited for the new digital assets regulatory measures in Malaysia. I believe that regulation is necessary for the industry to grow, and subsequently thrive not just in Malaysia, but globally as well. It is crucial to have the common standards to prevent cryptocurrency abuse and to ensure the stability and integrity of this financial system.”
“Since day one, we have consistently been working with relevant government bodies to declare all business-related dealings and to maintain the transparency of our cryptocurrency business activities. In April 2018, we are enlisted as an official reporting institution by BNM in compliance with the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) – Digital Currencies (Sector 6) policy,” he added.
“With clear regulations, potential to bring about innovation in both old and new industries can be greater. We acknowledge that it is our responsibility to do more than just basic compliance with regulations, especially on business continuity measures and consumer education. We will continue to do our part, taking the necessary steps to educate our customers and at the same time comply with the laws and the Malaysian government’s wishes as best we can. We will provide an update as soon as any additional information becomes available.”
The total cryptocurrency market performance for the last seven days has been quite average with a few coins rising to the occasion. The total market cap increased from $122 billion to $124 billion in the last seven days with Bitcoin dominating the market with 52.49%. XRP constituted 10.9% of the total market cap, and Ethereum […] The post Three Cryptocurrency Heroes of the week, Apollo Currency (APL), Everus (EVR) and SnapCoin (SNPC) appeared first on ZyCrypto.Link
|24h Low / 24h High||$0.01761 / $0.02168|
All time high
|All time high||$5.55|
|All time high date||2017-11-28 (one year ago)|
|Since all time high||-99.68 %|
|24 hours||-16.72 %|
|7 days||-10.33 %|
|14 days||-72.32 %|
|30 days||81.46 %|
|60 days||205.03 %|
|1 year||-95.98 %|
|Merged pull requests||0|