Tag Archives: joins

Kentucky joins growing list of US states to introduce Bitcoin reserve bill

Kentucky joins growing list of US states to introduce Bitcoin reserve bill

Kentucky has become the 16th US state to introduce legislation aimed at establishing a Bitcoin reserve, highlighting the growing adoption of digital assets at the state level.

The bill, KY HB376, was introduced by Kentucky State Representative Theodore Joseph Roberts on Feb. 6. If passed, it would authorize the State Investment Commission to allocate up to 10% of excess state reserves into digital assets, including Bitcoin. It states:

“The total amount of excess cash invested under subsection (9)(k), (l), and (m) of this section shall not, at the time of the investment is made, exceed ten percent (10%) of the total amount of excess cash invested under subsection (9) of this section.”

While the bill doesn’t mention particular cryptocurrencies, its criteria refer to digital assets other than stablecoins with a market capitalization of over $750 billion, which is averaged over the previous calendar year.

Bitcoin is the only cryptocurrency to fall under this criteria with its $1.9 trillion market capitalization. In comparison, Ether’s $330 billion market cap would need to grow over twofold to qualify for the potential reserve.

Kentucky became the 16th state in the US to introduce legislation for a Bitcoin reserve, following Arizona, Alabama, Florida, Massachusets, Missouri, New Hampshire, North Dakota,  South Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Kansas and Wyoming.

Kentucky’s move may set a precedent for a federal Bitcoin reserve

As the 16th state to consider such regulation, Kentucky’s move may set a precedent for a federal-level strategic Bitcoin reserve, according to Anndy Lian, author and intergovernmental blockchain expert.

“If Kentucky moves forward, it creates a roadmap for others to follow,” Lian told Cointelegraph, adding:

“The SEC, the Fed, and even Congress will have to grapple with how to classify Bitcoin in public reserves — is it a commodity? A security? Something entirely new? This could accelerate regulatory clarity, but it also risks creating a patchwork of state-level rules that complicate national policy.

“Let’s not forget the consumer protection angle: if Bitcoin’s volatility tanks, taxpayers could be on the hook, which raises serious governance questions,” he added.

Despite the volatility-related concerns, Kentucky’s bill is a “massive vote of confidence in Bitcoin,” which could inspire more adoption, Lian said, adding:

“It could drive institutional interest through the roof, pushing other states and even countries to consider similar moves. But adoption isn’t just about price; it’s about infrastructure. Kentucky will need robust custody solutions, cybersecurity measures, and a clear exit strategy if things go south.”

Kentucky’s bill comes a week after the state of Illinois announced plans for a Bitcoin reserve bill that proposed a minimum BTC holding strategy of five years.

 

Source: https://cointelegraph.com/news/kentucky-introduces-bitcoin-reserve-bill-as-16th-state-to-pursue-btc-reserves

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Mr. Ling Ngai Lok, Chairman of Solowin Holdings, Joins Neurai as Board Advisor

Mr. Ling Ngai Lok, Chairman of Solowin Holdings, Joins Neurai as Board Advisor

Neurai is excited to announce the appointment of Mr. Ling Ngai Lok, Chairman of Solowin Holdings, as a Board Advisor. With a distinguished career in finance, fund management, and capital markets, Mr. Lok’s expertise will be instrumental as Neurai continues to push the boundaries of financial technology.

Mr. Lok has expressed strong confidence in Neurai’s financial AI model, which is utilized by COPX AI. COPX is run by a DAO and they are the first finance community that uses Neurai’s AI tech. He believes that Neurai’s advanced AI technology will play a pivotal role in bridging traditional finance with digital assets, transforming the financial landscape.

“I am very delighted that COPX DAO is deploying our AI model for their community. COPX has shown remarkable innovation in combining artificial intelligence with blockchain technology by using Neurai’s AI model, creating a robust platform where traditional financial systems meet modern cryptographic security and efficiency. We look forward to how COPX AI advances fintech development, providing their community with smarter, more efficient, and secure financial services,” said Mr. Lok.

As Chairman of Solowin Holdings, a versatile securities brokerage and investment banking company based in Hong Kong SAR, Mr. Lok has been instrumental in overseeing the operations of various funds, including the Grow World LPF and Solomon Capital Fund SPC. His expertise in finance, fund management, and capital markets has significantly contributed to the growth of Solomon in terms of capital.

Mr. Lok views artificial intelligence as a game-changer for the financial sector. He believes AI has the power to completely transform traditional finance by making decision-making faster and more efficient, cutting down operational costs, improving risk management, sparking financial innovation, and enhancing the overall user experience.

AI can quickly process and analyze huge amounts of data, helping financial institutions and investors make better and quicker decisions. Automated trading and smart customer service powered by AI can significantly reduce costs for financial institutions, boosting their efficiency. AI technology can also keep an eye on market risks in real-time, providing early warnings so that financial institutions can take timely action.

“We welcome Ling Ngai to the company and joining us as our board advisor. His experience will bring valuable input for the company.” said Mr Anndy Lian, Chairman of Neurai. Anndy also added that he had discussions with Mr Lok and both of them believe that the use of AI will lead to the creation of new financial products and services, driving innovation in the industry. Personalized financial services and intelligent customer service systems will greatly enhance the user experience, leading to higher user retention and satisfaction.

“Solowin Holdings (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, recently announced that the Company, through its subsidiary, Solomon JFZ (Asia) Holdings Limited (“Solomon”), strengthened its partnership with OSL Digital Securities (“OSL”), the digital asset platform of OSL Group (863.HK) – Hong Kong’s only publicly listed company fully dedicated to digital assets. This partnership aims to facilitate the in-kind subscription and redemption processes essential for the successful deployment and management of Hong Kong’s first spot virtual asset exchange-traded funds (“ETFs”).”

Solomon is also among the first batch of SFC-approved participating dealers for this innovative in-kind subscription and redemption for spot virtual asset ETFs in Hong Kong. As a participating dealer, Solomon will facilitate the in-kind transactions, enabling investors to subscribe to or redeem ETF shares directly with the underlying digital assets, thereby significantly enhancing both the liquidity and accessibility of digital asset investments.

About Neurai

Neurai is an AI technology company based in Singapore, focusing on AI applications within the fintech sector. The company is dedicated to enhancing the efficiency and security of financial operations through AI-driven solutions.

 

 

Source: https://www.macaubusiness.com/mr-ling-ngai-lok-chairman-of-solowin-holdings-joins-neurai-as-board-advisor/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Anndy Lian Joins Light Defi as an Investor and Independent Advisor to Lead on ESG and Blockchain Efforts

Anndy Lian Joins Light Defi as an Investor and Independent Advisor to Lead on ESG and Blockchain Efforts

São Paulo, Brazil, Dec. 13, 2021 (GLOBE NEWSWIRE) — Light DeFi is a crypto asset created on the Binance Smart Chain to revolutionize the renewable energy sector building photovoltaic plants, gathering the concepts of sustainability and Decentralized Finances (DeFi).

Light DeFi’s community was crucial to bringing the new investor to the sustainable project in blockchain technology. It started with a tweet and active engagement from a loyal community willing to conquer the best they can make to a revolutionary project, which connects blockchain and sustainability. Through a tweet in which Blockchain expert Anndy Lian wrote that to save the planet, the first step would be to join in the clean energy space, Light DeFi’s committed community took action. Many euphoric community participants replied by writing about Light DeFi’s revolutionary project in the expert’s tweet.

On Twitter itself, Light DeFi CEO Germano Sales replied directly to Anndy, and it was there that an exchange of messages took place. The CEO of Light DeFi and Anndy Lian scheduled a call right away. Germano Sales explained Light DeFi and the photovoltaic plant project that started in the second half of November after purchasing the land, which was announced during the first Light Day event in São Paulo, which brought developers and the ecosystem participants.

The highly positive conversation ended with Anndy Lian as an investor and independent advisor of Light Defi. The subject of sustainability has already gained a special time of the pioneer in Blockchain technology, whether in-depth in the area or personal attitudes related to the environment. Anndy is also linked to the ESG concept. This acronym defines investments that prioritize sustainability, with values that include an environmental, social, and governance approach, factors that help balance companies. Lian has already put into practice in companies and projects that he is an advisor.

“Emerging distributed ledger technologies (DLT), such as blockchain can help to drive more favourable enterprise environmental, social and governance outcomes. In my humble opinion, blockchain is the digital enabler for sustainable efforts. I think Light Defi has it all. I am looking forward to their photovoltaic plant project.” Anndy Lian said.

“Thank you Anndy for the faith in investing into us. We only want the best for our project and Anndy fits nicely to equation. With increasing demand from professional and institutional investors for ESG-friendly crypto products, Light Defi would be their preferred choice.” CEO Germano Sales added.

Light DeFi’s project, which is already building its first photovoltaic plant, was crucial to Anndy’s decision to become an investor and independent advisor. The author of the best-seller “Blockchain Revolution 2030” and a former member of Hyundai DAC got fascinated by the Light Group project. And after a busy day full of tweets, meetings, and negotiations, Anndy ended its day questioning on his Twitter what else Light DeFi could do to call billionaire Elon Musk’s attention, concluding his tweet with an “anything is possible.”

About Light Defi:

Light DeFi is a crypto asset created on the BSC (Binance Smart Chain) to revolutionize the renewable energy sector building photovoltaic plants, gathering the concepts of sustainability and Decentralized Finances (DeFi).

Created on August 8, 2021, in a short time, Light DeFi has also received a vital certificate from Certik, the company responsible for auditing platforms such as PancakeSwap, Binance, and Polygon.

The LIGHT token achieved remarkable recognition in the market by being listed on Coinmarketcap, considered the largest platform globally for the verification of the price of cryptoactives in the market. Through CoinMarketCap, Light DeFi has already reached four times the top ranking of the best daily results among the tokens listed on the site.

 

Original Source: https://finance.yahoo.com/news/anndy-lian-joins-light-defi-045900868.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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