Press Release
The milestone is coming, and the BAS Blockchain Global Summit Forum comes to a successful conclusion!
On March 10, 2021, the BAS Blockchain Global Summit Forum, themed by Trend Empowering New Economy and Jointly Innovating and Exhibiting the Future, came to a successful conclusion in Haikou, a national-level blockchain base.

A number of invited guests attended the BAS Global Launch Conference, including Zhang Yongxing, researcher of the Development Research Center of the State Council, Zhu Youping, deputy director of the Blockchain Professional Committee of China Communications Industry Association, and dean of the School of Digital Economics, Shenzhen Information Service Industry Blockchain Association Dr. Cheng Xiaoming, Ph.D. in Economics Liu Changyong from Peking University, Manager Yu, founder of BAS Public Chain, David, Dean of BAS Business School, and Dai Feiqing, founder of Alibaba Sesame Credit, and many other heavyweight leaders.

At the meeting, guests focused on blockchain to discuss the development of digital economy around topics such as new public chains, new economies, new species, and new eras, and capture the future value trend of the digital economy era for us. The following is the BAS public chain selected the essence of the big coffee thoughts in the 8-hour industry ceremony, and we will reminisce and appreciate together with you.
At the beginning of the meeting, President Ma of the BAS public chain gave an opening speech with passion and fired the first shot of the entire summit.
Afterwards, Mr. David, Dean of BAS Business School, gave a wonderful sharing with everyone. It shared the development history of the blockchain and the core standards of the blockchain 4.0 era. At the same time, it elaborated on the technical support of BAS as well as a wide range of application scenarios and business logic.
Zhang Yongxing from the Research Institute of the Development Research Center of the State Council shared on the development of blockchain technology. He said that the blockchain is a neutral technology, and the issue of Bitcoin should not be borne by the blockchain. The issuance of the blockchain should be carried out under the strict management of the government and based on real money. He believes that in order to allow blockchain technology to return to its true value, it must develop rationally and healthily in its application.
Liu Changyong, Ph.D. of Economics at Peking University, mentioned in a speech that more and more universities and enterprises are beginning to study blockchain and offer courses. Blockchain is a comprehensive innovation. The current blockchain technology must be combined with entities for commercial applications to reach a new level. As a senior popular science scholar in the blockchain field, Liu Changyong believes that BAS’s payment system provides a scenario and product where blockchain technology can be commercialized on a large scale.

In the afternoon session of the collision of ideas and in-depth exchanges, the meeting almost reached its climax, and many heavy guests all appeared on the stage. How can the picture be a good word.
Cheng Xiaoming, deputy director of the Blockchain Special Committee of China Communications Industry Association, and Dean of the Digital Economics School of Shenzhen Information Service Industry Blockchain Association, explains blockchain from economics and finance, and how blockchain technology can transform and empower blockchain entity. When it comes to the BAS public chain, Dr. Cheng Xiaoming believes that it is in line with national policies to use blockchain technology to empower entities and transform and upgrade the chain; at the same time, BAS’s cross-border payment system will lead a new era in the blockchain industry.

Afterwards, the founder of the Aliren Blockchain Alliance and the founder of Alibaba Sesame Credit Dai celebrated on stage to give a speech and talked about Ali and the big dream of blockchain. He started from Alibaba and talked about the importance of choosing the outlet industry. At present, the BAS public chain has stood at the outlet of the non-blockchain industry. He also analyzed technology applications and compared the success of Alibaba. BAS will also achieve great success in the future with mature technology and applications.

Regarding new finance and new payments, Zhu Youping, a well-known blockchain economist and deputy director of the Blockchain Professional Committee of China Communications Industry Association, also expressed his insights. He first praised the phenomenon that the chain reform is the driving force of the blockchain to empower the real economy, and said that with the improvement of digital technology, more blockchain applications will be launched, and BAS cross-border payment will be a very powerful A full range of blockchain application tools.

Finally, Mr. Yu, the founder of BAS public chain, talked about the technical concept and future vision of BAS public chain. After sharing BAS’s plans for the next two years, the atmosphere of the meeting reached a climax again. BAS said that in addition to technological innovation, BAS also has a clear development direction: BAS is a token economic chain, a payment chain, and a world-class token network with huge potential. BAS hopes to use its technical strength to promote the integration of the blockchain industry and modern commercial finance in the future, and to truly empower the encrypted payment field, so as to subvert the traditional industrial chain and business form.
The BAS public chain sits on the three must-win elements of the right time, the right place, and the strategist, and it will be invincible in the future. Tianshi, who conforms to the general trend of the global digital economy and open finance; the geographical advantage is to establish the global operation center in Hainan, the capital of China’s blockchain; Renhe is the consensus of millions of people around the world,
Those who gain the path will help more, and those who fail are few. The BAS public chain is the gainer in the blockchain field and the master of inclusive finance!
As the holding of this summit forum and the base camp of the BAS public chain, under the support of a series of policies, Hainan will quickly gather the blockchain industry and talents in the future, give full play to the advantages of talents and industry, and it is expected that Hainan will become the blockchain industry in my country. Industry high ground, and at the same time leading the pace of blockchain advancement on a global scale, this is really powerful for the development of BAS public chain.

For the long-term development of the BAS public chain, this summit forum is undoubtedly a landmark meeting. I believe that in the future, in the global and far-reaching strategic layout, there will be continuous bright spots and new ideas. The curtain of the conference is slowly falling, BAS’s new journey of blockchain will begin again, and what we can do is to live up to our mission and move forward! Welcome to join the mighty army of BAS consensus and conspire together!
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Europe Had 3,167 Crypto Firms – After July 1st, Just 244 Are Legal
MiCA’s licensing deadline has quietly erased up to 92% of Europe’s crypto companies, concentrated what survived in Germany, and left the world’s largest exchange and largest stablecoin outside the regulated market.

Vilnius, Lithuania- On July 1st, the transitional window under the European Union’s Markets in Crypto-Assets Regulation (MiCA) closed for good, with no extension. When it did, just 244 firms held a full crypto-asset service provider (CASP) licence — down from more than 3,167 entities that operated across Europe under national registrations before MiCA. Measured against that base, roughly 92% of the market did not survive the transition; even against a narrower count of about 1,200 formally registered firms, four in five did not convert.
A new analysis from independent research publication Stack & Story, “Survival of the Licensed,” maps who cleared the bar, who did not, and what the cull means for the future of European crypto. The full piece, with data visualisations, is available at stackandstory.com.
Key findings
- A market cut to a fraction. 244 authorised CASPs remain across 25 jurisdictions, alongside 20 licensed e-money-token (stablecoin) issuers and zero authorised asset-referenced-token issuers — not a single multi-asset stablecoin cleared the bar.
- Germany won the reset. With 57 licences (about 23% of the entire bloc) and top passporting-hub status, Germany now hosts more than double second-placed France and the Netherlands (26 each).
- Five member states issued none. Greece, Hungary, Poland, Portugal and Romania granted zero authorisations. Poland could not license anyone at all, after its implementing law was repeatedly vetoed by the president.
- The biggest names are out. Binance withdrew its application days before the deadline and restricted EU services; Tether never applied, and licensed exchanges delisted its USDT, cutting Europe’s regulated venues off from roughly $185 billion of the world’s most-traded stablecoin. Circle (USDC and EURC) is the only top-ten stablecoin issuer that qualified.
- A last-minute scramble. More than a third of all licences were granted in the final ten weeks, as the count jumped from 177 in late April to 244 by July 2.
- Concentration by design. Only 14 firms across the EU were authorised to run a full order-book trading platform — the venues where crypto prices are formed now run through a very small number of licensed hands.
“The headline number is dramatic, but the real story is structural. Europe traded breadth for order. It now has a licensed, passportable, institution-ready core — and it paid for that with a long tail of small firms and the absence of the world’s largest exchange and stablecoin from its regulated venues. And the rulebook everyone just raced to meet is already being rewritten: the Commission opened a MiCA review the same week the deadline passed,” said a spokesperson for Stack & Story.
The analysis draws on ESMA statements and interim-register data, register mirrors (CASPTracker, Helms Advisory), Coincub’s pre-MiCA registration counts, and a Finray classification of successful authorisations. Stack & Story notes that “survival rate” is not an official metric and presents both the 7.7% (widest base) and ~20% (narrow base) framings; the 244 figure is a post-deadline register read.
Read the full analysis: stackandstory.com/stories/survival-of-the-licensed
About Stack & Story
Stack & Story is an independent, weekly briefing on crypto and markets — the numbers that moved, and the story behind them, in plain English. No hype, no jargon, no bag to defend. Free every Sunday, plus a 5-minute cheat sheet for reading any crypto situation like an analyst.
For more details, contact: hello@stackandstory.com
Web: stackandstory.com
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Media Contact
Company Name: Stack And Story
Contact Person: Gintautas Nekrosius
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Website: stackandstory.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
MEXC’s June Highlights: $437 Billion in Trading Volume, Offering Access to 7,000+ US Stocks and ETFs
Victoria, Seychelles, July 3rd, 2026, Chainwire
MEXC, a pioneer in 0-fee digital asset trading, announced key highlights for June 2026. The platform recorded $437 billion in monthly trading volume and expanded user investment options through the launch of the “RealStocks” product. The new product gives users real ownership of over 7,000 U.S.-listed stocks and ETFs—complete with dividend eligibility—breaking down traditional market barriers and connecting users to global assets, all within their existing MEXC account.
In June, MEXC continued to expand access to emerging assets, listing 153 new tokens across spot and futures markets and driving $1.03 billion in new listing trading volume. Through its 0-fee trading policy, MEXC saved users a cumulative $145 million in trading fees across 927 trading pairs spanning spot, futures, and other markets. The platform also provided $38 million in futures position airdrops for users during the month.
MEXC remains committed to safeguarding user assets through robust protection mechanisms and transparent practices. The Guardian Fund stood at $101 million in June, providing users with an added layer of security. MEXC has committed to expanding the Guardian Fund from $100 million to $500 million over the next two years. MEXC’s June Proof of Reserves report, independently audited by Hacken, confirmed reserve ratios above the industry safety benchmark of 100% across major assets, with USDT at 114%, USDC at 125%, BTC at 269%, and ETH at 118%.
Additionally, MEXC’s customer support team processed 57,348 online inquiries in June, maintaining an average response time of 63.03 seconds. The platform issued 21,548 loss coverage vouchers to users during the month.
June’s highlights reflect MEXC’s continued efforts to support users through 0-fee trading, product innovation, and asset protection. As a one-stop trading platform, MEXC will continue to expand its asset offerings, strengthen user protection, and enhance service quality, giving users broader, safer, and more accessible ways to participate in global markets.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website| X | Telegram |How to Sign Up on MEXC
Risk Disclaimer:
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
Contact
MEXC PR Team
media@mexc.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
KM Global Capital Launches as the UK’s First Accredited Sharia-Compliant Proprietary Trading Firm
Manchester-based firm offers funded accounts of up to $400,000, swap-free Islamic trading built in from day one, and a single-step path to funding
United Kingdom, 3rd Jul 2026 — KM Global Capital has officially launched from its headquarters in Manchester, entering the market as the United Kingdom’s first accredited Sharia-compliant proprietary trading firm. The firm gives skilled traders access to funded accounts of up to $400,000, built around a swap-free, riba-free (interest-free) structure designed to meet Islamic finance principles without compromising on modern trading conditions. Its Sharia compliance accreditation has been granted by Compliance, giving the firm a level of formal credibility rare among prop firms that only market themselves as “Islamic-friendly.”

The launch positions KM Global Capital at the intersection of two growing markets: proprietary trading, where talented traders seek access to capital without risking their own funds, and Islamic finance, where demand for genuinely compliant, transparent trading products has been rising steadily across the UK and internationally. Notably, the firm was founded by a 26-year-old entrepreneur — giving it a founder’s-eye understanding of exactly what the current generation of traders wants from a prop firm, and shaping a company built around transparency and trader-first rules rather than legacy industry conventions.
A Growing Industry, A Persistent Gap
Proprietary trading firms — commonly known as “prop firms” — allow traders to prove their skill through an evaluation process and then trade using the firm’s capital rather than their own, sharing in the profits they generate. The model has become popular with retail traders around the world because it removes the barrier of needing large amounts of personal capital to trade meaningfully in markets such as forex, indices, and commodities.
However, the overwhelming majority of prop firms operate on conventional account structures that include swap fees, overnight interest charges, and margin-based mechanisms that conflict with Islamic finance principles. A number of firms have introduced “Islamic accounts” as an add-on, but these are often modified versions of a conventional product rather than a structure built from the ground up around Sharia compliance. This has left many Muslim traders in a difficult position: either accept features that sit uneasily with their religious principles, or step back from an industry that has otherwise opened trading opportunities to a much wider pool of participants.
KM Global Capital says it was built specifically to close that gap. Rather than layering a swap-free option onto a conventional trading model, the firm has structured its accounts around Sharia compliance as the default, not the exception, and has secured formal accreditation to support that positioning.
Key Highlights of the Launch
UK’s First Accredited Sharia-Compliant Prop Firm
KM Global Capital has secured Sharia compliance accreditation from Compliance, a distinction the company says makes it the first accredited Sharia-compliant prop trading firm based in the United Kingdom. This accreditation underpins the firm’s swap-free account structure and its broader commitment to operating outside interest-bearing (riba) mechanisms, giving traders a level of formal assurance that is often missing from firms that simply self-describe as compliant.
Swap-Free Islamic Accounts, Built In, Not Bolted On
Every account on the platform is swap-free by design, removing overnight interest charges and rollover fees that typically conflict with Islamic finance principles. This is not offered as a separate, optional product but is built into the firm’s account structure from the outset — making it naturally accessible to Muslim traders seeking halal trading conditions, while offering a cleaner, more transparent cost structure that may appeal to traders of any background.
Funded Accounts up to $400,000
Traders who successfully complete the evaluation process can be funded with up to $400,000 in trading capital, giving experienced traders access to meaningful buying power without having to commit their own capital to the market or take on the personal financial risk of trading a live account of that size.
1-Step Core Challenge
KM Global Capital’s flagship evaluation route is a 1-Step Core Challenge, a streamlined path to funding that avoids the multi-phase evaluation structures common at many prop firms. Where competitors often require traders to pass two or more separate phases before being funded, KM Global Capital’s single-step model simplifies the journey from application to funded trader, reducing both the time and uncertainty involved.
Leverage up to 1:200, Upgradeable to 1:400
Funded traders start with leverage of 1:200, with the option to upgrade to 1:400 — giving them flexibility to scale position sizing according to their strategy and risk tolerance, rather than being locked into a single fixed leverage level.
No Trailing Drawdown and No Consistency Rule
The firm has removed two of the most commonly criticized restrictions in the prop trading industry. Trailing drawdown rules, which reduce a trader’s allowable loss threshold as their account grows, are widely seen as one of the more punishing mechanics in funded trading. Consistency rules, which require profits to be spread evenly across trading days, can force traders into artificial patterns that don’t reflect how they’d naturally trade with their own capital. By removing both, KM Global Capital gives funded traders more freedom to trade in a way that reflects genuine skill and strategy.
Flexible Payment Options
KM Global Capital accepts both card and bank transfer payments, making it straightforward for traders across the UK and internationally to pay for challenges and receive payouts.
Why It Matters
By building Sharia compliance into its core account structure — rather than offering it as an add-on — KM Global Capital is targeting a real and, until now, largely unaddressed gap in the UK market for traders who want both professional-grade funding and religiously compliant trading conditions, backed by formal accreditation rather than marketing language alone.
At the same time, the firm’s broader feature set — a single-step challenge, high leverage ceilings, and the removal of trailing drawdown and consistency requirements — is designed to appeal to the wider funded trading community, not just Muslim traders. In an industry where traders increasingly compare firms on the basis of transparency, fairness of rules, and speed to funding, KM Global Capital is positioning itself as a modern, trader-first alternative in what has become a crowded and, at times, opaque market.
The company’s young leadership brings a first-hand understanding of these frustrations, but it’s the firm’s structure — its accreditation, its accounts, its rules — that forms the core of its offer to traders.
Looking Ahead
As the funded trading industry matures, scrutiny of how firms structure their evaluations, fund their capital, and treat traders after they pass a challenge is only likely to increase. KM Global Capital’s decision to seek formal Sharia compliance accreditation, rather than relying on self-certification, reflects a broader shift toward transparency and accountability in the sector.
The firm says this launch marks the beginning of its presence in the UK market, with further products, account types, and community initiatives expected to follow as the company grows.
About KM Global Capital
KM Global Capital is a proprietary trading firm headquartered in Manchester, United Kingdom, and the country’s first accredited Sharia-compliant prop firm. Founded by a 26-year-old entrepreneur, the company provides funded trading accounts of up to $400,000 through swap-free, interest-free account structures, combined with a streamlined 1-Step Core Challenge, leverage up to 1:400, and trader-friendly rules including no trailing drawdown and no consistency requirement.
For more information, visit www.kmglobalcapital.com.
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Website: http://www.kmglobalcapital.com/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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