In the crypto world: Renegade CEO talks about allegations of fraud, trust and future plans

In the crypto world: Renegade CEO talks about allegations of fraud, trust and future plans

The crypto scene is affected by fraud daily, with cyber criminals stolen $ 3.8 billion in the past year alone. But the authorities are working to counteract this by improving their know-how in terms of cryptocurrencies. Warning messages played an important role published by supervisory authorities such as BaFin or foreign jurisdictions. In January 2023 there was such a warning message from the Liechtenstein financial market regulation (FMA) for the crypto start-up Renegade, which has now been deleted again because the company was checked.

Renegade CEO Daniel Strele-Ramonis commented in an interview with BTC-ECHO on the accusations of the FMA and how the company would like to win the trust of investors. Strele-Ramonis emphasized that the negative comments and claims about Renegade were unfounded. The fact that the FMA deleted the warning message has strengthened the confidence in the community. Renegade is working transparently and hard to build trust. The upcoming card launch and the planned app should continue to strengthen the trust of the community.

Compared to other financial service providers such as N26 or Bitpanda, Renegade offers its users a real crypto integration in which cryptocurrencies can be received and sent. Further financial services such as staking and farming are also offered. Renegade plans to offer traditional banking services such as IBAN and VISA cards, similar to a normal account at Sparkasse. The company works with an Electronic Money Institute (EMI) to provide an IBAN account.

Renegade is currently still in the test process and is expected to publish a first version of the app in the next two to three weeks. The full crypto integration is to be implemented within the next five weeks. The private sale of the RNG token is currently running, followed by Listing in mid -September.

Strele-Ramonis also explained how the FMA was warned. Although Renegade is active in Liechtenstein and communicates transparently with the FMA, the authority pointed out that some formulations on the website could give the impression that Renegade has a bank or crypto-storage license in Liechtenstein, which is not the case. Renegade then took the website offline and had the misunderstandings remedy. However, the deletion of the warning message by the FMA took longer than expected.

It took almost five months for the warning message to be deleted again. Renegade complied with all the requirements of the FMA and the founder had a personal conversation with the authority. In addition, a lawyer created a detailed legal statement on the case. Deleting the warning message was a significant step for Renegade and gave the project a lot of trust.

Renegade is considering acquiring its own EMI license in the future and has already applied for a virtual asset service provider license. The tokenomics of the RNG tokens include a total of ten billion tokens, some of which serve for Rewards on the Visa card and as a reserve. The sales price is currently eight cents and is increased to ten cents after the listing. The tokens are only transferred to the buyers' wallets after the listing and are gradually unlocked over six months.

Renegade has so far been financed by its own investment and the token sale. As soon as the app is live, the company plans to generate income through crypto Exchanging. Renegade is currently enlarging the community to enable a listing on an animal 1 exchange.

In the future, Renegade is planning the further development of the app and possibly the acquisition of an EMI license. The company strives to offer a wide range of financial services and further strengthen the trust of the community.

(Image: Shutterstock.com)