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ICO (abbreviation for Initial Coin Offering), initial currency offering, originated from the concept of initial public offering (IPO) in the stock market.

ICO is a blockchain industry term and is a common way to raise funds for cryptocurrency/blockchain projects, from which early participants can receive initial generated encrypted digital currency in return.

Since tokens have a market value, they can be exchanged for legal tender, thereby supporting the development costs of the project. Tokens issued by ICO can be based on different blockchains. The common ones are issued based on the Ethereum (ETH) and BitShares (BTS) blockchains, which provide bookkeeping services and value consensus to achieve global issuance and circulation.

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Compliance Entity
Biya Global LLC is a U.S. limited liability company. It has completed federal MSB registration (Registration number 31000218637349) with FinCEN under the Bank Secrecy Act and is subject to FinCEN’s supervision.
Biya Global Limited is a New Zealand registered entity. It holds valid FSP registration (Registration number FSP1007221) on the Financial Service Providers Register (FSPR) under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and is subject to supervision by the Financial Markets Authority (FMA).
The Company is registered as a Financial Service Provider (FSP) on the New Zealand Financial Service Providers Register (FSPR). In accordance with its registered financial service activities and applicable New Zealand financial and anti-money laundering regulations, the Company operates a technology-enabled financial services platform, providing clients with account opening assistance and related technical support services, while connecting with globally regulated and licensed brokerage firms to facilitate access to international securities investment opportunities.
Securities trading, asset custody, fund settlement and clearing services, which require specific financial licenses, are independently provided and performed by licensed financial institutions in the respective jurisdictions. Such regulated activities are conducted under the supervision of the relevant regulatory authorities in accordance with applicable laws and regulations.
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