"Anti-Money Laundering Coin" to Become Available for Trade on ANXPRO

ANXPRO, the cryptocurrency Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term provided by ANX, has announced that it will soon be supporting "Black Gold" Coin (a.k.a. Aten Coin), launched by a company called National Aten Coin.

Previously unheard of in the cryptocurrency space, the coin seeks to accomplish the exact opposite of the stated goals of many Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term: track customer ID's, eliminate anonymity and record all transactions in a database for government officials. It seeks to do away with what it says are negative perceptions of Bitcoin and its ilk, which are often used to carry out illegal transactions. Founder Marcus Andrade says that its use as a proprietary anti-money laundering control system will make it a success. He elaborated:

"Banks are taking interest in the Aten “Black Gold” Coin, because of how we are approaching our currency’s security. We are not in the business of anonymity. We are confident that this coin will be successful, because it will gain a high level of trust throughout the global financial and online communities."

At first glance, it would seem odd why ANX would support such a seemingly obscure coin. Out of the hundreds of cryptocurrencies in existence, ANX only supports five, all of which rank within the top ten in valuation: Bitcoin, Litecoin, Dogecoin, Ripple and Stellar. These are tradeable with ten different fiat currencies.

ANX CEO, Ken Lo, sees it differently however. His experience in compliance, risk and regulation has made him appreciate the values of such a coin. "We feel that the NAC’s dedication to AML regulatory practices is similar to our values at ANX. This new crypto-currency simplifies the management of customer identities and our record-keeping requirements," he explained.

Official specs have not yet been released for the coin, other than that a total of 25 million will be in existence.

Update Jan 28 08:44 GMT: Updated specs list 26 million total coins and an X11 hashing algorithm, the same used by Darkcoin.