Overseas cryptocurrency exchanges using Korean currency required to register with anti-money laundering body
Bitcoin investment app Keza to re-launch after its acquisition by SCI
Keza, a New York-based bitcoin investment startup that announced its closure in April, is set to re-launch the services after its acquisition by Philippines- based company Satoshi Citadel Industries (SCI), Bitcoin.com reports.
Keza unexpectedly announced the closing of its service in April this year. The company was backed by Digital Currency Group and Jason Calacanis of HOF Capital and raised $357,000. Prior to its closure, Keza launched an iOS app that allows users to invest bitcoin in stocks and fixed income. There were no deposit minimums and the app facilitated investment in emerging markets restricted to investors who can reach a $1 million minimum.
The Keza website, it invites interested parties to sign up for notification when its iOS app is available. According to Bitcoin.com, SCI CEO John Bailon said that he was a user of the app and was blown away by its initial concept. The app was available to anyone in the world except US residents.
“We thought it was the best execution of the idea, from design to how simple it has made the experience of investing for new users. It was a no-brainer for us when the opportunity to take over the project was presented to us,” he stated. We’re very in tune with technology and international news, and being able to take part in it has brought a lot of interest into Keza.
Satoshi Citadel Industries is a fintech startup company building the ecosystem for bitcoin in the Philippines. It seeks to streamline financial services by creating bitcoin solutions that reduce the costs of using and transferring money. The company aims to realize the full potential of bitcoin technology by changing the way people think about money and value, ultimately empowering the individual Filipino and engineering the future of finance in the country.