exchange Orion Finance Exchange

[OrionFinance 6]

 

Edited March 12, 2020 by OrionFinance

[gigabyteRTX 1583]

Well based on thr proof that youve give it is a good exchange platform and what's good is that all the information is in the pictures already.

[OrionFinance 6]

On 2/25/2020 at 2:36 PM, gigabyteRTX said:

Well based on thr proof that youve give it is a good exchange platform and what's good is that all the information is in the pictures already.

 Thanks! It's a great pleasure to recieve such a nice feedback 🥰

[OrionFinance 6]

Orion.finance team is happy to welcome you aboard!

We are launching social networks to help you stay tuned. Here we are going to report the news, talk about the exchange, answer your questions and address your feedback.
 

Let us remind you that Orion.finance has been established in 2018. The exchange started to operate on October 25, 2019. We have launched this exchange for our fellow Forex traders wishing to use the capabilities of Forex for crypto. We were thinking about this idea and finally brought it to life!

We decided to start from trading accounts. Trading accounts on Orion.finance can be used to delegate trading operations to the crypto brokers. This feature was available before, but a user had to use the API. We want to keep things simple therefore we decided to enhance the API with the Dashboard. It will be equipped with metrics that trader can use to monitor the status of his transactions.
 

We plan to share many new ideas and developments. Follow our news:

http://t.me/orion_finance
https://twitter.com/FinanceOrion
https://medium.com/@orion.finance
https://orion.finance/

 

[OrionFinance 6]

Recently, the crypto world has been filled with news of the increasing interest of central banks in cryptocurrencies. Meanwhile, Orion.finance team decided to study the legality of existing cryptocurrencies and share the results of this research in the series of articles on the different legal status of cryptocurrencies worldwide.

It’s noteworthy that cryptocurrencies are currently legal in many countries. According to the Coin.dance, Bitcoin is completely legal in at least 111 countries. At the same time, cryptos are completely illegal in Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Macedonia, Saudi Arabia, Vanuatu and Vietnam.

 

Countries, which allow using cryptocurrencies, classify this asset in a different way. Some consider the crypto as an account unit whereas others see it either as an investment asset or the means of payment etc.

 

For example, the European Central Bank classifies bitcoin as a convertible decentralized virtual currency. Under EU law, traditional financial regulation doesn’t operate the cryptocurrencies because they are not used by traditional financial institutions like banks. At the same time, the crypto-related operations are not subject to VAT and it is good news for traders.

 

Yet sometimes the European Parliament makes controversial proposals. In 2016, the European Parliament supported establishment of the working group on money laundering with digital currencies. However, in real practice, the European Parliament began to tighten the control and monitoring of the crypto business.

 

In general, each EU country determines cryptocurrencies pursuant to local legislation. Let’s see what is really going on right now.

 

Estonia

 

Estonian government regards the cryptocurrencies as “value represented in digital form”. Estonia is known as a paradise for crypto startups. Some time ago, Estonia easily licensed the majority of crypto-related projects. However, in 2017, due to the Anti Money Laundering and Terrorism Finance Act establishment, licensing became much more complicated. As a result, control over crypto-startups got really tight.

 

Nowadays, Estonian cryptocurrency exchanges are considered legal entities of financial relations granted that they have a Virtual Currency Exchange Service License, the Virtual Currency Wallet Service License, and are strictly pursuant to the KYC rules.

 

By the way, a couple of years ago, Estonia planned to create its own cryptocurrency called estcoin. This suggestion can be found in the speculative government plan. However, the EU has criticized Estonia therefore Estonian government decided to suspend the development of the national cryptocurrency. Yes, the EU keeps abreast and quickly suppresses dangerous initiatives of its subjects despite of the declared independence of every individual country in terms of their attitude towards cryptocurrencies.

 

This is what cryptocurrency regulation in Estonia looks like. Stay with us and we will keep you informed about interesting approaches to the legalization of crypto!

 

What country on your opinion has the most the most loyal laws?

 

 

Edited February 28, 2020 by OrionFinance
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[OrionFinance 6]

The Legal Status of Cryptocurrencies in the world: Belgium

 

Belgium is the cradle of European law therefore it doesn’t come as a surprise thatBelgian regulators are very aggressive on cryptocurrencies.

 

At the same time, we were not able to find information about any special legislation that defines and regulates cryptocurrencies. Currently, cryptocurrency is not recognized in Belgium as a currency or means of payment.

 

Let’s go through the most interesting statements of the Belgian leadership from the very beginning.

 

In 2013, The Belgian Finance Minister, in response to a question by a Belgian senator, stated in July 2013 that while bitcoin seems to be somewhat problematic as a tool for money laundering and other illegal activities, such problems should not be overstated. Well, it’s a pretty sensible statement. However, sensible statements end up right here and welcome to the world of “crypto criticism” from Belgian officials!

 

In January 2014, the Belgian National Bank (Banque Nationale de Belgique, BNB) and the Financial Services and Markets Authority (Autorité des services et marchés financiers, FSMA) issued a joint press release warning consumers about the risks associated with cryptocurrencies. It was emphasized that cryptocurrencies are not a legal tender and they are not fully regulated by any of the regulatory authorities.

 

In April 2017, Belgian Minister of Justice, Koen Geens announced that he plans to establish a legal framework for cryptocurrencies. By this framework he generally meant tightening of the control over exchange transactions and legal regulation for cryptocurrency withdrawals in lawsuits. He has also expressed a wish to find ways to avoid the anonymity of cryptocurrencies. These initiatives have been criticized by experts.

 

A year later, De Standaard and Het Nieuwsblad published articles stating that Belgian tax authorities have become more interested in citizens investing in cryptocurrencies. Every Belgian working on the cryptocurrency markets must pay 33% income tax even though bitcoin and other cryptocurrencies are not regulated in the country. For companies, such a tax can reach up to 50%. However, it turned out that catching violators is not that easy because most transactions are carried out on trading platforms registered abroad.

 

And the latest statement made by the chairman of the Financial Services and Markets Office of Belgium FSMA, Jean-Paul Serve, and dated February 10, is a cherry on the cake. During his speech in parliament, he asked the country’s leadership to establish the rules governing cryptocurrencies and related tools.

 

There is a feeling that the Belgian leadership has a fierce dislike for cryptocurrencies and is merely not able to restrain it, criticizing and coming at the crypto traders. However, the government does not take special regulatory measures. Why is it so?

 

News source

[hangomao 15]

On 2/26/2020 at 6:33 PM, King75 said:

And I'm sharing it with you! India on the other side! Recently, we have stated that India is actively developing block screen initiatives and even plans to create its own kryptonos.And now they are trying to improve the sorting process using blockchains. The Orion finance team likes inspiring news from the block screen industry to develop a block screen system for voting for the Election Commission of India

Project is a still nice and has also the volumes to grow up like the rockets.

[OrionFinance 6]

9 minutes ago, hangomao said:

Project is a still nice and has also the volumes to grow up like the rockets.

Yep! We are growing and moving forward😊

[OrionFinance 6]

23 hours ago, UT2001 said:

Seems to a startup exchange which is running operations out of Israel and the Ukraine. Interesting as those two countries are not geographically close and also do not have much other in common either.

 

23 hours ago, khadiza45693 said:

Tends a good financial services transaction which happens to be functioning treatments due to Israel and also Ukraine. Appealing mainly because the ones several areas may not be geographically shut down and likewise wouldn't have substantially many other in common also.

 

The reason why you see Israel and the Ukraine on Coinmarketcap is that our investors are from Israel, but developers are from UK and Ukraine. So, we have international team and the distance doesn't interfere from effective work!🙂

[OrionFinance 6]

THE QUOTE OF THE WEEK!

Today we decided to add another section to our content - vivid quotes from the leaders of the crypto world.



There has been a number of news about countries developing a national cryptocurrency. And this mainstream feels like every self-respecting country should have its crypt. It seems that governments are competing on this issue!

Recently, Vitalik Buterin criticized this idea, reported Cointelegraph:

“The main challenge with central bank and even corporate currency is the concentration of power, the concentration or data collection — that you become dependent on potentially central intermediaries that can exercise a very fine-grained degree of control over who has the ability to participate in these systems and who can’t.”

Clear and obvious things Vitalik said! The Orion Finance team supports Vitalik and expresses deep skepticism regarding national cryptocurrencies.

“We've been seeing many situations where even things that are perfectly legal just end up getting restricted because whoever runs the centralized chokepoints just wants to exclude some category of users and I think those are reasons why people will continue to be interested in fully decentralized digital currency”,  added the leader of the second cryptocurrency in the world.

It seems that governments are really afraid of the cryptocurrency era, since they are so active in desire to create a “substitute” for cryptocurrencies in the form of electronic fiat analogues. We are curiously watching what will happen and promise to keep you in touch!

Now, you can visit us and trade a bit with real crypto https://orion.finance/exchange!

[OrionFinance 6]

On 3/10/2020 at 5:34 AM, Rosaline149 said:

 Does it offers the welcome rewards which should be unlocked by paying the higher amount? 

What do you mean here? Currently we don't offer any welcome rewards...

[OrionFinance 6]

✌️How are you guys?
🤪Panic hits global markets amid threat of coronavirus and oil price slump, but Orion Exchange encourages you to relax and enjoy trading🥰

 

 

[Whited35 15285]

This is legit exchange sites which has its own tokens and they have promised to take the small amount of the commission fee. Morever, this exchange is already listed on the CoinMarketCap CMC. You can do research about this exchange before crypto trading. 

[OrionFinance 6]

55 minutes ago, Whited35 said:

This is legit exchange sites which has its own tokens and they have promised to take the small amount of the commission fee. Morever, this exchange is already listed on the CoinMarketCap CMC. You can do research about this exchange before crypto trading. 

Currently we do not have our token but we plan to implement it) And yes, we are listed on CoinMarketCap, thanks that you have reminded! Here we are https://coinmarketcap.com/exchanges/orion-finance-exchange/ !

[kadayakito 765]

Thanks for sharing, I just heard about it for the first time. It's new to me but I'm quite interested in it, I'll be more interested in it. Hope it will come forward.

[OrionFinance 6]

On 3/12/2020 at 7:57 AM, Arslan8213403 said:

Appears to a startup trade which is forcing activities to leave Israel and the Ukraine. Intriguing as those two nations are not geologically close and furthermore don't share a lot other for all intents and purpose either

This was already discussed. We have investors from Israel but the majority of developers are from Ukraine.🙂

On 3/12/2020 at 3:14 PM, Badman001 said:

is their is any signup reward or any refferal campaign on this exchange , this is new in market and reputation is not too good , for good and effective users you must start a reffer campaign or signup bonus campaign. 

Thanks for your advice. Now we are in the process of creation our token and we will use it to motivate traders join our platform!

[OrionFinance 6]

While Europe panics due to coronavirus epidemic, the Orion Finance team continues to introduce the cryptocurrency laws of European countries. Today we look into Austria 
 

 

Austria considers cryptocurrencies as other (intangible) commodities. The Austrian Ministry of Finance (Bundesministerium der Finanzen, BMF) refers mining to “mining”, which is why, like any other activities in this area, mining of cryptocurrencies is subject to income tax. The same applies to the operation of online trading platforms and cryptocurrency ATMs. However, mining and cryptocurrency exchange transactions are exempt from VAT.

The Austrian National Bank (Oesterreichische Nationalbank, OeNB) does not qualify bitcoin as a currency, because it does not fulfil the typical functions of money due to a strict limitation on quantity and the lack of stabilizing central authority. As of now, Bitcoin is neither covered by the Electronic Money Act nor by the Payment Services Act.

At the same time, the management of OeNB expresses its clear concern about the “frozen” position of cryptocurrencies. So, Ewald Nowotny, the governor of the OeNB calls bitcoin “highly speculative investments which entail high risks for individuals.” He, therefore, welcomed the initiative of the Federal Minister of Finance, Hartwig Löger, to establish a Fintech Regulation Council to regulate cryptocurrencies. In addition, he voiced support for the amendment of the EU Money Laundering Directives, as well as the proposal of the Austrian Ministry of Finance to require prospectuses for ICOs and introduce licensing by the Financial Market Authority (FMA). Finally, he added that any regulatory initiative should be complemented by improving public financial education.

Such concerns are expected from centralized structures and, unfortunately, they hinder development of the cryptocurrency market. At the same time, the Orion Finance team supports Ewald Nowotny when it comes to development of people’s financial literacy. We hope that it will cover not only the risks, but also the benefits and advantages of using cryptocurrencies.

[scorpiali 5626]

You put just picture about the exchange you dont write any word about it, it's not the way we can present any exchange you can put more energy doing that 

[Honny143 13612]

Orion finance exchange what your exchange can you give any information about exchange, can you provide extra information like what the benefits we gain from your exchange, because newly launched exchange gives eye catching bonus, and you give any referrel commission, when we join any one like this information you can't provide in your ad, so give full information.

[OrionFinance 6]

Hi friends! We continue telling about the mechanism of Orion Finance exchange. Right now, we invite you to examine the vital organ of a cryptocurrency exchange - the payment gateway.
 

 

In general, a payment gateway is a hardware-software complex that automates the payments charging. Practically, the operation of a payment gateway looks like this:

1. Making a transaction, the user gets to a wallet page with information with the wallet address ( or QR code). The address generated for each user is unique.
2. After the user transfers the funds, the Orion Finance system automatically scans the blockchain of currencies that were engaged in the operation.
3. When a confirmed transaction is detected, the funds are credited to the user’s balance and the transaction is recorded in his history.

The HTTPS protocol ensures the security of the Orion Finance payment gateway, as well as special encryption of user data.
 

Follow further publications about the structure of the Orion Finance exchange. We will reveal many interesting facts!

More news you can find on our web-site  https://orion.finance/

[tienda 8776]

Dear member I see that you are new here so welcome to this best forum Cryptotalk and thank you for sharing such information about Orion Finance Exchange. But I think your topic will be bright if you correct it with text not just with pictures.

[iloveyobit 6599]

Hello, I think a bunch of pictures will not benefit anyone here, it is better to put more information on writing methods and not just pictures in order for the image to be clear, thank you.

[OrionFinance 6]

On 3/26/2020 at 4:47 PM, iloveyobit said:

Hello, I think a bunch of pictures will not benefit anyone here, it is better to put more information on writing methods and not just pictures in order for the image to be clear, thank you.

Hi! Thanks for your feedback! May you tell us, what is unclear in our texts above? Thanks!

On 3/26/2020 at 8:40 AM, Marrynail said:

I have been seem the startup exchange which is running operations out of some of countrys that have  Interesting as those  countrys are not geographically close and also do not have much other in common either so they not want to be together at one place.

Sorry, I don't understand your text... If you are asking why Ukraine+Israel , I have answered this question above - because part of the team is located in Ukraine and investors are from Israel🙃

On 3/26/2020 at 6:57 AM, tienda said:

Dear member I see that you are new here so welcome to this best forum Cryptotalk and thank you for sharing such information about Orion Finance Exchange. But I think your topic will be bright if you correct it with text not just with pictures.

Hi! What is wrong with our texts?) Why don't you like them?🙂

[OrionFinance 6]

The Orion Finance team continues to reveal the secret of the cryptocurrency exchange mechanism. Today we will devote a few words to hot and cold wallets.



A cryptocurrency wallet is a program that stores public and / or private keys and is necessary to track the ownership, receipt or expense of cryptocurrencies.

A cold wallet at Orion Finance is reliable storage with multi-level protection. It is used to save the main assets of the exchange and user funds. The cold wallet is not connected to the Network, therefore, if hackers attack, all funds will be saved.

The hot wallet on Orion Finance is used to deposit funds to the balance of traders, as well as to deposit and withdraw assets. A hot wallet stores a relatively small amount of funds needed for daily settlements.

The Orion Finance team always monitors the correct operation of software, including wallets, thereby guaranteeing a high level of security.

Welcome to our warm, cosy and reliable place:) https://orion.finance/

[bentayebsalah 2280]

Well, I haven't tried this OrionFinance site but I will try it to have an experience on that and know if it is a good platform or not