{"id":208135,"date":"2023-02-20T11:55:37","date_gmt":"2023-02-20T11:55:37","guid":{"rendered":"http:\/\/taiwannewswire.com\/?guid=1738fb50f7c785770bcb4823d3acfd7e"},"modified":"2023-02-20T11:55:37","modified_gmt":"2023-02-20T11:55:37","slug":"webtel-mobi-and-wm-holdings-inc-issue-joint-clarification-on-recent-approaches-by-digital-currency-groups-grayscale-bitcoin-trust-stakeholders","status":"publish","type":"post","link":"https:\/\/taiwannewswire.com\/webtel-mobi-and-wm-holdings-inc-issue-joint-clarification-on-recent-approaches-by-digital-currency-groups-grayscale-bitcoin-trust-stakeholders\/","title":{"rendered":"Webtel.mobi and WM Holdings Inc. issue Joint Clarification on recent approaches by Digital Currency Group\u2019s Grayscale Bitcoin Trust Stakeholders"},"content":{"rendered":"
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Global Telephony Provider Webtel.mobi and its US Subsidiary WM Holdings Inc. issue joint clarification highlighting their independent and nonaligned postures, as well as the differences between Webtel.mobi\u2019s TUV Digital Currency equivalent and Cryptocurrencies<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Global Telephony Provider Webtel.mobi and its US Subsidiary WM Holdings Inc. issue joint clarification highlighting their independent and nonaligned postures, as well as the differences between Webtel.mobi\u2019s TUV Digital Currency equivalent and Cryptocurrencies<\/em><\/strong><\/p>\n

LONDON and NEW YORK, Feb. 20, 2023 (GLOBE NEWSWIRE) — The global Cryptocurrency sector is currently undergoing unstable transitionary events. These include bankruptcies and failures of large entities, regulatory action being taken or contemplated within that sector by regulatory authorities, and adversarial postures being taken up by Stakeholders against Cryptocurrency Asset Managing firms.<\/p>\n

Against this backdrop \u2013 and following contact established with it by entities involved in some of these unstable \/ adversarial events \u2013 Webtel.mobi (Holdings) Limited and its US Subsidiary WM Holdings Inc. have issued a public clarification \u2013 to and for the various parties contacting it, and all\/any other relevant parties \u2013 clarifying their position and stance in this situation, as well as the structure and nature of the TUV Digital Currency \/ CBDC equivalent.<\/p>\n

Firstly, as a clarification of the status and designation of the TUV Digital Currency \/ CBDC equivalent, it is not classified as a Cryptocurrency or a Stablecoin. This is because:<\/p>\n