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SKYBIT

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Myanmar

Founded in

01 Jun 2015 (10 Years)

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    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know SKYBIT

    [SKYBIT](HTTPS://SKYBIT.ASIA) is a social enterprise incorporated in Singapore that applies the revolutionary technology of blockchain to provide a modern financial bridge between Southeast Asian nations and the rest of the world. The difficulty of sending money via the traditional international banking system has isolated people and businesses in Southeast Asia from the rest of the world, hindering progress and development in the region. SKYBIT’s solution is to use digital assets that flow freely on the internet regardless of country borders. Easing the flow of monetary value will open up many new opportunities for Southeast Asian countries and their people, in line with national development plans and the UN's Sustainable Development Goals. Apart from the normal business goal of growing successful and generating large returns, SKYBIT's big-picture mission is to apply new technology for wide and large-scale social and economic improvement, particularly in Southeast Asia where many big problems remain unsolved. SKYBIT's core service is a digital asset exchange that allows customers to convert between various digital assets. This lays part of the foundation for a blockchain ecosystem that will give rise to innovative companies that rely on our services, contributing to the growth of the new blockchain industry across Southeast Asia. Vision & mission SKYBIT aims to apply cutting-edge technologies to Southeast Asia in order to make a significantly positive difference to the region and the lives of its people. We embrace innovation, open-mindedness, lateral thinking and creative ideas that can solve real problems and immensely improve efficiency and productivity in both business and everyday living. We are not afraid to challenge or discard antiquated thinking and beliefs that restrain progress, much of which still persists in Southeast Asia. We will disrupt the status quo in order to improve the region, its economies, and the lives of all its people. We are building the groundwork for the upcoming paradigm shift of individual empowerment via freely-flowing global value exchange. Together, we have the potential to revolutionize entire industries and even create new ones in Southeast Asia. This will help to economically strengthen the region and in turn raise the standards of living ofsociety at all levels. The possibilities of applying innovative technologies to Southeast Asia in particular are profound, if given enough thought as we have. Those who choose to remain with outdated systems and practices and refuse to adapt or explore can step aside to make way for the dawning of an exciting new era of mass social development in Southeast Asia that is driven by rapid technological advancement and leapfrogging. Join us in our quest to propel Southeast Asia forward and upward. The sky is (not the) the limit.

    Industry

    • Crypto CryptocurrencyPRIMARY
    • Financial Payment

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