#CryptoCorner: Libra Scrutinized in US, UK and Japan, Cuba Considers #Cryptocurrency

#CryptoCorner: Libra Scrutinized in US, UK and Japan, Cuba Considers #Cryptocurrency

Point Roberts WA, Delta BC, July 3, 2019 - Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.’s  (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and  the Genesis Exchange and Wallet  App bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .

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July 3 Crypto Corner

Stocks discussed: (NasdaqGS:FB)

DC-based consumer rights think tank Public Citizen has published a letter requesting a moratorium on Facebook’s (NasdaqGS:FB) Libra project. The letter argues that Libra poses too many unaddressed risks, and seeks clarification on the cryptocurrency’s relationship to: governance, national sovereignty, law enforcement and taxation, consumer protection, privacy, competition and systemic risk. The more than 30 entities that endorse the letter agree:

All of us believe the risks posed by Facebook’s proposal are too great to allow the plan to proceed with so many unanswered questions.

Also yesterday members of the U.S. House of Representatives sent an open letter to Facebook requesting a cease to the development of Libra. Addressed to Facebook CEO Mark Zuckerberg, COO Sheryl Sandberg and Calibra CEO David Marcus, the letter cites concerns surrounding “privacy, trading, national security, and monetary policy” affecting “Facebook's over 2 billion users, but also for investors, consumers, and the broader global economy”.

Because Facebook is already in the hands of over a quarter of the world's population, it is imperative that Facebook and its partners immediately cease implementation plans until regulators and Congress have an opportunity to examine these issues and take action. During this moratorium, we intend to hold public hearings on the risks and benefits of cryptocurrency-based activities and explore legislative solutions. Failure to cease implementation before we can do so, risks a new Swiss-based financial system that is too big to fail.

It would seem that Libra just can’t get a break. Reuters reports that Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority in the UK – the country’s financial watchdog – said the project’s “size and scale will pose questions for society and government more generally about what is acceptable and desirable in this space”.

And the trend continues with Nikkei Asian Review reporting today that the Bank of Japan (BOJ) is voicing concerns about the digital coin. According to the report, an unnamed BOJ official stated that "It will move money into an absolutely virtual world, so it is completely different than other forms of digital payment”.

SBS News reports that the government of Cuba is considering the use of cryptocurrency to alleviate economic troubles fuelled by U.S. sanctions. This is similar to what Cuban ally Venezuela did with their cryptocurrency Petro, though the latter’s experiment failed to stave of economic collapse.

Sam Mowers, Investorideas

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Why Costa Rica is the New Crypto Heaven, @GenesisBlockch

Why Costa Rica is the New Crypto Heaven, @GenesisBlockch

Some nations like Bangladesh, Bolivia, and Egypt have prohibited crypto outright.

Bangladesh has actually gone as far as to allow cryptocurrency holders to be sentenced to 12 years in jail for the criminal offense of owning crypto. Other countries like the United States, India, and China are still examining and producing the regulatory structure around the industry.

All this fear, uncertainty and doubt has driven crypto financiers and crypto projects alike to look for crypto sanctuaries where they will be invited with open arms and able to focus on creating the decentralized world of the future.

The bright side is that some nations are backing blockchain or adopting a ‘do no damage’ technique to this emerging tech motion. Well known pro-cryptocurrency countries consist of the similarity Singapore and Switzerland. However, other crypto centers such as Costa Rica are quickly emerging too. In this post, we’ll explore what’s going on in Costa Rica and why it might turn into one of the blockchain powerhouses of the future.

Read this in full at

https://www.investorideas.com/news/2019/cryptocurrency/07031CostaRica-CryptoHeaven.asp

Why is Costa Rica considered a Pro Cryptocurrency country?

To get an idea of how favourably the Costa Rica federal government views cryptocurrency, it is among the few countries in the world where workers can legally be paid in crypto. The only downside here is that income payments up to the base pay should be paid in fiat and whatever above that can be paid utilizing cryptocurrency. Now, if that isn’t a huge endorsement then we don’t understand what is.

With the Costa Rican federal government having such a friendly stance, it’s not surprising that actual crypto adoption is rising rapidly and that increasing numbers of crypto companies are aiming to, or have, relocated to the country. We envision it also does not harm that Costa Rica is home to some of the most spectacular scenery on earth and is among the most biodiverse put on the world. This makes it the perfect trip for crypto pioneers who wish to correspond with nature whilst fabricating disruptive tech.

How Cryptocurrency Adoption In Costa Rica Came To Be

Wherever you remain in the world, the possibilities are you are going to have a hard time finding anywhere on the high street that accepts crypto as a payment technique. In Costa Rica, things are a little diverse.

Feel like buying a Porsche with your Bitcoin? Well, you ‘d better hop over to San Rafael de Escazu in Costa Rica and position your order. If you find yourself strolling down the streets of Pura Vida in Costa Rica, then don’t be amazed to find huge banners informing you that crypto is accepted at many stores either.

With cryptocurrency adoption being considerably more prevalent on the ground than in other countries, it is perhaps not surprising to hear that the approval of crypto spills over to online merchants in Costa Rica. AlfaTop allows users to top-up their phones on any of the significant telecoms operators in the nation utilizing a choice of 5 different cryptos.

With the nations fairly small population of 5 million people, it is possibly unexpected that the country has 3 active cryptos ATM’s. Now, that might not seem like a lot, however consider that the Philippines is extensively thought about as pro-crypto, has a population of 105 million and just has a single crypto ATM. So, if you have crypto and really want to invest it in a pro-crypto culture, then you should think about putting Costa Rica at the top of your vacation list.

The Latin American area is renowned for being politically unsteady and defined by military strongmen seizing power. Costa Rica differs from the crowd by being renowned for peace and liberty.

Undoubtedly, the country is the oldest democracy in the entire Latin American area and the country has actually shown its commitment to peace by refusing to have a standing army since 1949. This has resulted in Costa Rica being among the most politically steady countries in the region. Integrated with the nations stable political structure, Costa Rica likewise uses flexible legal structures and the legal jurisdiction is also best for constructing censorship-resistant networks.

That’s not all; the country likewise has one of the best online infrastructures in the area. When it comes to fiber optic connections, Costa Ricans get access to the ARCOS-1, MAYA-1, and Pan American Crossing (PAC) networks. In addition, the country is linked via a terrestrial fiber optic network as well. That all means that decentralized projects building in the nation can be guaranteed that they will get first-class connection.

Crypto Projects in Costa Rica

With the Costa Rican government-friendly stance on crypto, surging adoption levels and growing crypto community, it’s no wonder that a growing number of crypto-based companies are locating to the country. We’ll take a short look at who these projects are and what they are up to on the coasts and jungles of Costa Rica.

For the crypto miners out there, Costa Rica also takes pleasure in among the biggest renewable resource outputs on the planet. Certainly, 90% of the power produced in the country originates from eco-friendly sources which makes mining substantially more successful than other areas worldwide.

There are of course numerous other exciting crypto and blockchain organizations based in Costa Rica. However, there is little doubt that the Costa Rican government have actually embraced blockchain based services with open arms. The regulation surrounding cryptocurrencies is one of the most favourable worldwide.

The future seems great for Costa Rica and blockchain-based projects, and it will definitely be intriguing to see if the country can continue to attract crypto services beyond 2019. If the current explosion in attendance of crypto meetups and conferences in Costa Rica is anything to go by, then in the near future we might well see the nation become a Blockchain-lion economy of the Latin America area.

Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

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The #AIEYE: CEO of VSBLTY Groupe Technologies Corp. (CSE: $VSBY.C) (OTC: $VSBGF) Discusses Recent Announcement Regarding Company’s Selection to Microsoft One (NasdaqGS: $MSFT) Program

The #AIEYE: CEO of VSBLTY Groupe Technologies Corp. (CSE: $VSBY.C) (OTC: $VSBGF) Discusses Recent Announcement Regarding Company’s Selection to Microsoft One (NasdaqGS: $MSFT) Program

Point Roberts WA, Delta BC, July 3, 2019 Investorideas.com, a global investor news source covering Artificial Intelligence issues a special edition of The AI Eye, featuring an exclusive interview with the CEO of VSBLTY Groupe Technologies Corp. (CSE:VSBY)  (5VS.F) (VSBGF).

Listen to the podcast: https://www.investorideas.com/Audio/Podcasts/2019/070319-VSBLTY.mp3

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VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) was selected to join Microsoft’s (NasdaqGS:MSFT) Microsoft One program as a commercial partner. The press release describes the program:

Launched in 2016, Microsoft created its co-sell ready initiative under its Microsoft One program to provide comprehensive sales and marketing support for select partners.

In an interview with Investorideas.com, VSBLTY CEO and co-founder Jay Hutton said the announcement was months in the making and involved a rigorous interview process.

“This announcement is the culmination of multiple months of effort with the Commercial One group inside of Microsoft whose job it is to identify and engage independent software vendors (ISVs) that deliver the objective that Microsoft would hold in common with those companies,” he said.

“They talked to our customers, they talked to our technology people, they do reference architecture checks – so it’s like the world’s most aggressive interview.”

But though this process may have been thoroughgoing, Hutton explained that VSBLTY was an ideal candidate for the program.

“They tend to favour [companies] that leverage and utilize multiple Microsoft tools and capabilities,” he said. “And, really, VSBLTY is a poster child for that. Almost everything we do revolves around and leverages things that are in the Microsoft ecosystem.”

Hutton explained how the relationship was beneficial to both parties.

“It aligns the interests of the ISVs with that of Microsoft and, most importantly, Microsoft salespeople,” he said. “For me, as the CEO of VSBLTY, it broadens my sales force [and it] broadens my reach. So I have access to deals and opportunities that I would not have seen before.”

“I think for Microsoft it is equally advantageous because they align themselves with innovation, and we are certainly among the most innovative companies that are in that program.”

The relationship is analogous, Hutton explained, to VSBLTY’s long-standing connection with Intel Corporation (NasdaqGS:INTC), though ISV’s benefit particularly from Microsoft salespeople’s vested interest.

“In many ways it mirrors the relationship that we have been enjoying with Intel for many years now,” he said. “Both programs are very aggressive in terms of how they go to market. And both programs, Microsoft in particular, gives a (Microsoft) salesperson a specific incentive to assist ISVs like VSBLTY to access their customers.”

Sam Mowers, Investorideas.com

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Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (TSXV: $KHRN.V) (OTCQB: $KHRNF), (CSE: $MYM.C) (OTCBB: $MYMMF) (NASDAQ: $OGI)

Investor Ideas #Potcasts: #Cannabis News and #Stocks on the Move (TSXV: $KHRN.V) (OTCQB: $KHRNF), (CSE: $MYM.C) (OTCBB: $MYMMF) (NASDAQ: $OGI)

Also featured in today’s potcast- (CSE: $HUGE.C) (OTCQB: $FSDDF) (TSXV: $OGI.V), (TSX: $IN.TO) (OTCQX: $IMLFF)

Delta, Kelowna, BC –July 2, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s edition of Investorideas.com potcasts^CM - cannabis news and stocks to watch plus insight from thought leaders and experts.

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Hear Investor ideas cannabis potcast on iTunes  

Today’s podcast overview/transcript:

Good afternoon and welcome to another episode of Investorideas.com “potcasts”, looking at cannabis news, stocks to watch as well as insights from thought leaders and experts.

Today we are looking at a few early announcements.

But first, Health Minister Simon Harris signed legislation which will now allow Irish citizens access to cannabis-based products for medical use on a pilot basis for five years. The new Medical Cannabis Access Programme  allows medical consultants to prescribe medicinal cannabis of a standardised quality to patients who have failed to respond to standard treatments.

Minister Harris first proposed the programme two years ago, but its passage through the Dáil was delayed amid problems finding a quality-assured supplier of medicinal cannabis able to export its products to Ireland.

Earlier this year, it was confirmed that a supplier had been identified and the legislation was finally signed this morning.

The new scheme will facilitate access to medical cannabis for patients with the following conditions if they have failed to respond to standard treatments:

●      Spasticity associated with multiple sclerosis

●      Intractable nausea and vomiting associated with chemotherapy

●      Severe, refractory (treatment-resistant) epilepsy

Commenting on the launch today, Mr Harris said: "It is important to state that there are no plans to legalise cannabis in this country.

"The purpose of this programme is to facilitate compassionate access to cannabis for medical reasons, where conventional treatment has failed.

"Ultimately it will be the decision of the medical consultant, in consultation with their patient, to prescribe a particular treatment, including a cannabis-based treatment, for a patient under their care."

Previously, there were no medical cannabis products available in Ireland and many sufferers were forced to spend thousands each year to access cannabis-based treatments in countries such as the Netherlands.

The new legislation means that commercial operators whose cannabis products meet the specified requirements will be able to supply products to the Irish market.

The Medical Cannabis Access Programme will operate on a pilot basis for five years before a review in 2024.

Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQB: KHRNF), commented on the EU-Mercosur Trade Agreement announced between the European Union and Mercosur, the Latin American trading block made up of Argentina, Brazil, Uruguay and Paraguay. Khiron is active among Mercosur jurisdictions with a recently completed acquisition of NettaGrowth International, a cannabis company based in Uruguay.

The trade deal between the European Union and Mercosur announced on June 28, 2019 at the G20 Summit in Japan, which is subject to ratification by member countries, establishes a trade framework for goods and services, including pharma and medical products, covering nearly 780 million consumers, making it the largest in the world in terms of population, and with an estimated trade in goods of 88 Billion Euros (Source: European Commission).

Alvaro Torres, Khiron CEO and Director, comments "As we build Khiron's dominant position in Latin America and Mercosur markets through our operations in Uruguay, we welcome this trade deal as it strengthens our ability to now directly supply the European medical cannabis market. This significant milestone is another step towards a globalized medical cannabis trade network where Latin America, with its strategic location, many natural advantages and regulatory leadership, will continue to play a significant part."

Khiron announced completion of the acquisition of NettaGrowth International on June 19, 2019. NettaGrowth, and its wholly-owned subsidiary Dormul S.A. is a Uruguayan company that has obtained one of the first licences to produce and export medical cannabis with THC for commercialization in Uruguay, and is positioned to serve Brazil and the growing Latin American market as part of the Mercosur trading block, adopting the Company's scalable model as markets develop.

MYM Nutraceuticals Inc. (CSE: MYM) (OTCBB: MYMMF) announced that its subsidiary in Colombia, Colombia Organica S.A.S, has signed agreements in principle to cultivate both THC and CBD-rich cannabis with independent farmers for an initial five acres.

Cannabis will be cultivated by farmers who will be licensees under the existing Colombia Organica cannabis cultivation licenses. The first crops cultivated on the initial five acres will function as test crops with the intention to add subsequent acreage. The climate in Colombia is ideal for cultivating cannabis, with the growing season being year-round it's possible to harvest three crops of THC or CBD-rich cannabis annually.

"Our team in Colombia has begun to execute on our plan to cultivate both THC and CBD-rich cannabis in South America," said Howard Steinberg, CEO of MYM. "The strategy of extending our licenses to neighbouring farmers to cultivate cannabis will serve to increase our biomass supply that we intend on processing and exporting to the global market."

Colombia Organica is committed to extending its licenses to the independent farmers for an initial period of five years. The farmers will be responsible for all costs associated with cultivation from seed to sale. Colombia Organica agrees to purchase the harvested biomass at a price to be determined at the time of delivery based on the average market price at that time.

MYM is currently finalizing the closing documents that will see its own 80% of Colombia Organica.

Organigram Holdings Inc. (NASDAQ: OGI) (TSXV: OGI), the parent company of Organigram Inc., a leading licensed producer of cannabis, announced today it will report its third quarter earnings results for its fiscal year ended August 31, 2019 on Monday, July 15, 2019 before market open. 

The Company will host a conference call to discuss its third quarter 2019 earnings results at 8am EST.

A replay of the webcast will be available within 24 hours after the conclusion of the call at https://www.organigram.ca/investors and will be archived for a period of 90 days following the call.

FSD Pharma Inc. (CSE:HUGE) (OTCQB: FSDDF) and Prismic Pharmaceuticals Inc., a U.S.-based specialty R&D pharmaceutical company, have announced that, on June 28, 2019, they finalized the acquisition by FSD Pharma of all of the issued and outstanding securities of Prismic for an aggregate purchase price of approximately US$17.5 million, satisfied by the issuance of approximately 102.7 million Class B subordinate voting shares in the capital of FSD Pharma at a deemed price of CAD$0.2275 per FSD Share. In addition, FSD Pharma has agreed to assume approximately US$3.05 million of outstanding Prismic long- and short-term liabilities.

FSD Pharma will continue to be led by Raza Bokhari, MD, executive co-chairman and CEO. Zachary Dutton, co-founder of Prismic, will continue to serve as the CEO of Prismic, reporting to Edward Brennan, Jr. MD, FACS, president of the FSD Biosciences Division.

Peter Moriarty, co-founder and previous chairman of the board of Prismic, has been named chairman of the newly-formed FSD BioPharmaceutical Industry Advisory Board.

Bokhari stated, “On behalf of the FSD Pharma shareholders and Board of Directors, it is with immense pleasure that I welcome Prismic shareholders and stakeholders to the FSD Pharma family. Over the past several weeks, Dr. Brennan and our M&A team have worked very closely with the Prismic leadership to finalize this transaction under budget and ahead of schedule. I must commend Dr. Brennan on his laser sharp focus and attention to detail and I must also express my special gratitude to Zach Dutton and Peter Moriarty for their efforts in resolving some outstanding issues to close the transaction.”

Bokhari continued, “The Prismic acquisition represents strategic depth in the vision and mission of FSD Pharma and signals a paradigm shift in the overall outlook of the company. We are relying heavily on the expertise of Dr. Brennan, who is a seasoned pharmaceutical industry veteran with substantial experience from working at Glaxo Smith Kline and Johnson & Johnson to navigate us through the various stages of the FDA approval process for drug development, with the goal of eventually making synthetic cannabinoid prescription medications available for commercial use to help alleviate the pain and suffering of patients. We are confident, Peter Moriarty, another well-known pharmaceutical industry veteran, who was also one of the founders of Shire Pharmaceuticals, will make a meaningful contribution to the FSD Pharma story as the chairman of the BioPharmaceutical industry advisory board.”

InMed Pharmaceuticals Inc. (TSX:IN) (OTCQX:IMLFF), a biopharmaceutical company developing a proprietary biosynthesis technology for cannabinoid-based pharmaceuticals to treat severe diseases, today announced the appointment of Catherine Sazdanoff, JD, to its Board of Directors.

Ms. Sazdanoff joins InMed's Board with 35 years of experience in the healthcare industry. She held various global VP roles in business development and corporate development at Takeda Pharmaceuticals, which she joined in 2006. Prior to Takeda, Ms. Sazdanoff served in senior global legal and pharmaceutical business roles at Abbott Laboratories since 1984, including litigation, international commercial and transactional legal roles, marketing, and business development. At both companies, she completed numerous collaborations and transformational M&A transactions, including Abbott's acquisition of Knoll Laboratories (including the mega-blockbuster drug Humira®), and Takeda's acquisition of Millennium Pharmaceuticals and Nycomed S.A.

Ms. Sazdanoff is an independent director of the Board of Meridian Bioscience, Inc. (NASDAQ: VIVO). She is currently President and CEO of Sazdanoff Consulting LLC, where she acts as Business Advisor to Strata Oncology, Inc., a private precision oncology company, and works with other healthcare companies on strategy and corporate/business development. Ms. Sazdanoff has a BA in English from the University of Notre Dame, and a JD from Northwestern University School of Law.

"We are enthusiastic to welcome Catherine to our Board of Directors at an exciting time in the Company's evolution," commented Eric A. Adams, President and Chief Executive Officer. "Her diverse business development and legal experience, built from over 35 years in the pharmaceutical industry, will be important as we accelerate the development of our therapeutic pipeline and scale-up our innovative biosynthesis platform technology. Importantly, Catherine's rich experience in pharma deal making will be highly beneficial to InMed as our assets mature and we begin strategizing about potential transactions."

"InMed has unique opportunities to bring significant medical advances to important patient populations with its differentiated cannabinoid-based therapeutic pipeline and novel biosynthesis manufacturing technology," stated Ms. Sazdanoff. "I am delighted to join the team and look forward to working closely with the Company's management as InMed drives towards long-term value creation."

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