Backpack CEO and co-founder Armani Ferrante shared his intent to “put an end” to the opacity of crypto exchanges by introducing cryptographic techniques like zk-proofs, MPC, and state machine replication.
The Backpack exchange has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.The Dubai Virtual Assets Regulatory Authority has issued a Virtual Asset Service Provider license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.
The announcement also revealed that the Backpack exchange bagged operational licenses across several jurisdictions worldwide over the past five months.The flagship Backpack Wallet currently stands as an unregulated product; however, it is designed to help users transition from fiat to on-chain applications in the future. Backpack CEO and co-founder Armani Ferrante shared his intent to “put an end” to the opacity of crypto exchanges.
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