New partnership strengthens compliance and security for BSV Projects and Ventures

GENEVA, Sept. 25, 2024 /PRNewswire/ — BSV Association and Global Ledger are pleased to announce their collaboration to bring full support and AML Solutions for the BSV network and community. As a new service provider of BSV, GL will provide the tools and on-chain analytics to ensure the security and compliant growth of BSV blockchain projects and ventures. The collaboration focuses on enhancing blockchain security, compliance, and project growth for the BSV ecosystem.

This partnership is a significant step toward enhancing not only compliance and security but also the growth of projects within the BSV blockchain ecosystem. The collaboration aims to deliver full support and AML solutions fully tailored to the needs of the BSV blockchain, providing BSV projects with the tools they need to meet regulatory standards, mitigate risks, and promote development.

Global Ledger will introduce the first-ever AML solution that fully covers the BSV blockchain. It includes:

• GL Vision visualisation tool for unlimited tracing, finding hidden connections between addresses, and detecting mixing patterns.
• GL Monitoring for real-time transaction monitoring to detect and mitigate risks related to money laundering, fraud, and other illicit activities.
• Entity Explorer with comprehensive information about entities, including ownership details, licences, services, jurisdictional limitations, and more.
• Risk assessment tools for identifying potential threats within the BSV blockchain ecosystem.
• Counterparty risk reports to help BSV projects assess their exposure to risky entities and reduce potential threats.

Both companies are registered in Switzerland, a pioneering regulatory power in Europe. This gives each global organisation the advocate for the growth and adoption of the BSV blockchain.

GL’s goal aligns with the Association’s mission to create a secure and compliant blockchain environment that fosters innovation while complying with regulatory standards.

“GL is proud to deliver the full support and AML solutions that provide full coverage for the BSV blockchain. Our counterparty risk reports will help BSV projects assess and mitigate exposure to risky entities, ensuring compliance at every step,” Lex Fisun, CEO of Global Ledger, said.

Lex Fisun will be speaking at the European Blockchain Convention in Barcelona on September 25th and 26th. He will deliver a keynote on Terrorist Financing: The Role of Crypto and DeFi and participate in a panel discussion titled CBDCs: The Elephant in the Room.

“Both organisations are Swiss-registered, allowing us to work within one of the most respected regulatory frameworks in the world, following the high standards FINMA sets. Global Ledger’s expertise in compliance will be invaluable in helping BSV projects meet regulatory requirements,” Martin Coxall, BSV Association’s Growth Director, stated. 

Global Ledger’s tools will help BSV projects navigate licensing obligations, and regulatory requirements, exchange listings and implement security measures that promote long-term growth and development.

The collaboration also implies the further enhancement of the security protocols for digital asset recovery (DAR).

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About Global Ledger

Global Ledger offers blockchain forensic services to aid governmental organisations, financial institutions, fintech companies, and crypto startups in meeting AML compliance requirements for crypto transactions.

About BSV Association

The BSV Association is a global organisation based in Switzerland. It is focused on enhancing the adoption and development of the BSV blockchain. The association oversees the creation of tech standards and helps governments, businesses, developers, and users learn how to build a worldwide blockchain ecosystem.

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RIYADH, Saudi Arabia, Sept. 25, 2024 /PRNewswire/ — In today’s rapidly shifting geopolitical and economic landscape, the investment partnership between global markets and the Middle East presents unprecedented opportunities. As the Managing Partner of ewpartners, Cliff Chau has witnessed firsthand the potential that lies in strengthening collaboration between these regions.

In a recent analysis, Cliff Chau emphasized: “Today, institutional investors around the world stand at a critical juncture. With increasing global uncertainty, investors are searching for new opportunities, and now is the perfect time to explore the vibrant markets of the Middle East.”

Cliff Chau highlights five key points for unlocking the investment potential between global markets and the Middle East:

1. Economic Diversification: A Region in Transformation
The Middle East, particularly the Gulf Cooperation Council (GCC) countries, is undergoing a profound economic transformation. Traditionally oil-dominated economies are diversifying into sectors such as technology, renewable energy, healthcare, and infrastructure. National programs, such as Saudi Arabia’s Vision 2030, are advocating for future-oriented economic development and providing numerous opportunities for foreign investors. The digital era is also creating new avenues for growth, particularly in sectors where digital penetration remains low, such as among female entrepreneurs and business leaders, offering untapped potential. These sectors include Infrastructure & Logistics, Fintech, Technology/ICT, Tourism, Gaming/Esports, New Energy, Healthcare, Consumer, and Agriculture.

For global investors, the unique combination of market conditions in the Middle East, supported by government backing and the need for innovation, offers fertile ground for partnerships and investment in key sectors.

2. Hedging Against Global Economic Slowdowns
In the face of global uncertainty, investors are looking for markets that can hedge against risk. As the global economy faces challenges, it is essential to find high-growth areas beyond traditional powerhouses. The Middle East, driven by its push for diversification, provides such a dynamic market—one that is worth watching. Institutional investors can use it to mitigate risks while gaining access to new growth opportunities.

3. High Growth Potential in Key Sectors
In recent years, the Middle East has initiated a series of ambitious large-scale development projects. These projects, from smart cities to sustainable energy ventures, are driven by government initiatives and private-sector collaboration. Saudi Arabia’s Vision 2030 alone is set to attract trillions in investments as it transforms into a knowledge-based economy. These developments offer global institutional investors access to high-profile projects that promise long-term returns.

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4. Strategic Location as a Trade Hub
The Middle East’s unique geographic position, acting as a bridge between Asia, Africa, and Europe, makes it a crucial hub for global trade and logistics. Global investors, particularly those looking to expand their international market influence, can leverage this connectivity to create synergies between supply chains and logistics networks. As the region strengthens its role as a global trade nexus, investments in infrastructure—especially in transport and logistics—will become increasingly important.

5. Stability Backed by Financial Reserves
The region’s financial stability, supported by significant sovereign wealth funds and vast financial reserves, provides investors with confidence. Governments across the GCC are not only well-capitalized but are also actively deploying capital to foster innovation and sustainable growth. Partnering with these nations, which hold some of the largest sovereign wealth funds in the world, opens doors to co-investment opportunities that offer financial security alongside shared growth.

At ewpartners, we are committed to unlocking these opportunities, facilitating partnerships, and fostering the exchange of capital and innovation across borders. The time for global investors to seize the potential of the Middle East is now—through smart investments, collaborative ventures, and a shared vision for growth.

About ewpartners

ewpartners (formerly eWTP Arabia Capital) is an international investment firm specialising in cross-border investments between Asia and the MENA region. Backed by the Public Investment Fund (PIF), the firm has been active in Saudi Arabia since 2017 and was the first investment firm to launch a cross-border platform between the Kingdom and China.

Headquartered in Riyadh, ewpartners is focused on developing the MENA region as a future hub of innovation. Its approach has three pillars: 

It invests across multiple industries including technology, infrastructure, IoT, finance, tourism, healthcare, new energy, and consumer goods – all with a focus on industrial and digital upgrading. 

It fosters global strategic partnerships, such as joint ventures between Asian and MENA industry champions, to support global expansion and sustainable growth. 

The team’s expertise in shaping innovative conducive policy frameworks can support governments in fostering economic transformation and diversification driven by innovation and technology.

For additional information, please visit https://ewpartners.fund/

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NEW YORK, Sept. 25, 2024 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud developer platform service provider, will present its latest AI-driven products and solutions at GITEX GLOBAL 2024 in Dubai, United Arab Emirates, from October 14th to 18th.

As the economic epicenter and a beacon of technological innovation in the Middle East, Dubai has made significant strides in fostering AI adoption in recent years through the implementation of incentivizing policies. The city strives to transform into a “future city,” with AI at its core, and a smart city as its blueprint. Aligning with this vision, GITEX GLOBAL 2024 has embraced the theme “AI Everything,” uniting technology innovators, AI developers, data scientists, government leaders, and industry experts from diverse sectors to harness the potential of AI and propel the region’s industrial progress.

Embracing this ethos, Tuya has selected “AI in All Sustainable Spaces” as its exhibition theme. By leveraging its groundbreaking technological prowess in AI and related domains, Tuya aims to collaborate with global developers to enhance spatial intelligence in Middle Eastern cities, notably Dubai, thereby accelerating the development of sustainable smart cities.

Revolutionary AI-driven, Diverse, and Innovative Products and Solutions

The Middle East has embarked on a journey of economic diversification and smart transformation, with AI serving as a key technology that provides critical support and acceleration.

For instance, Saudi Arabia’s “Vision 2030” strategy has catalyzed significant investments into intricate smart city initiatives. A PwC report forecasts that by 2030, AI will contribute nearly 14% to the UAE’s GDP and 12.4% to Saudi Arabia’s, underscoring the immense market potential in the region.

Capitalizing on these vast prospects, Tuya aims to further propel the AI transformation in the Middle East by introducing an array of AI-driven products and solutions spanning smart commercial, smart travel, and smart community applications. These include intelligent parking lot lighting solutions featuring AI-enabled seamless debugging and low-carbon sports initiatives powered by AI, among others. These groundbreaking solutions not only enhance the intelligence of urban spaces but also significantly enrich people’s daily lives, while inspiring creative ideas among global developers.

Multiple Energy-saving Solutions to Create Smart and Sustainable Spaces

Amidst the relentless urbanization in the Middle East, the region’s burgeoning population underscores the urgency to mitigate emissions. In light of mounting environmental challenges, Middle Eastern nations like Saudi Arabia and the United Arab Emirates have embarked on a mission to redefine their energy development goals, striving to expedite the transformation of their energy landscape.

In line with this transformative trend, Tuya remains at the forefront of AI innovation, poised to introduce a comprehensive suite of AI-driven energy solutions. These encompass Tuya’s solar storage energy management systems, building energy management systems, and campus energy solutions, among others. By harnessing intelligent, efficient, and eco-friendly technologies, Tuya aims to propel various urban spaces towards a low-carbon, sustainable future, fostering a greener, more resilient environment for all.

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TUYA Global Developer Summit in the Middle East Region

In addition to showcasing innovative solutions and products, Tuya will also hold the 2024 TUYA Global Developer Summit (Dubai) during GITEX GLOBAL 2024. Jointly orchestrated by Tuya and Alibaba Cloud, this event serves as a key platform for global developers to delve into and share the latest advancements in AI technology applications.

Tuya has the distinct honor of inviting industry leaders from Alibaba Cloud, Dubai Electricity and Water Authority, McKinsey, and MLG to shed light on the latest AI industry trends, enabling developers to capitalize on the global AI market. With the guidance of these prominent figures, numerous business collaboration opportunities will arise, giving a new boost to the smart industry’s continuous development.

GITEX GLOBAL 2024 undoubtedly brings unprecedented development opportunities for Tuya, global developers, and major manufacturers. Through in-depth exchanges on the application of AI technology, participants will be inspired with infinite creative sparks, gradually promoting the deep integration and collaborative development of the global technology ecosystem, and jointly achieving the rapid construction and development of global smart cities.

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