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oficoncept.co

Founded Year

2016

Stage

Corporate Minority | Alive

About Ofi

Ofi, operated by Asamgo, is an intelligent floating monitor that analyzes swimming pool water.

Ofi Headquarters Location

7, rue Commandant Malbert

Brittany, 29200,

France

+33 (0) 2 98 00 06 03

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Ofi Patents

Ofi has filed 12 patents.

The 3 most popular patent topics include:

  • Automation
  • Drilling technology
  • Electric power conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/30/2020

5/25/2021

Electrical engineering, Electric power conversion, Mechanical power transmission, Automation, Mechanical power control

Grant

Application Date

4/30/2020

Grant Date

5/25/2021

Title

Related Topics

Electrical engineering, Electric power conversion, Mechanical power transmission, Automation, Mechanical power control

Status

Grant

Latest Ofi News

Louisiana Approves Virtual Custody Services and Proposes Virtual Currency Business Licensing Rules

Jul 23, 2022

To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=4f6a4c97-4b39-46b7-baa1-1ca16fda342d" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> Recently, the Louisiana lawmakers and regulators have taken steps to legalize operations in the state involving virtual currencies. On June 15, the Louisiana governor signed a bill that, effective August 1, 2022, will allow financial institutions and trust companies to provide virtual currency custody services to their customers as long as they satisfy certain requirements on risk-management and compliance. On June 20, the Louisiana Office of Financial Institutions (OFI) published proposed rules on licensing and regulation of virtual currency businesses in the state pursuant to the Louisiana Virtual Currency Business Act, which went into effect on August 1, 2020. Virtual Currency Custody Services: In order to lawfully provide virtual currency custody services under the new Louisiana law, the entity must be a financial institution or trust company, and allows such entities to use third-party providers. The new law defines “financial institution” as a federally insured depository institution chartered under the laws of any state or federal law. The law allows such entities to lawfully conduct custody services involving virtual currencies if it follows certain “self-monitoring” requirements, such as: (1) implementing an effective risk management system and controls to measure and monitor the relevant risks related to digital assets such as virtual currency; (2) maintaining adequate insurance coverage; and (3) maintaining an oversight program to monitor any third-party service providers it uses to provide the custody services. Virtual Currency Business Licensing: The OFI’s new regulations establish several important rules related to operating as a virtual currency business in the state, such as: (i) reciprocity of licensure with other states, (ii) licensee examinations, (iii) surety bond requirements, and (iv) prohibitions on unfair, deceptive, or fraudulent practices. It also establishes the enforcement authority of the OFI in regulating compliance with the law, and provides an avenue for companies already operating virtual currency businesses within the state. If an entity is already engaged in virtual currency business activity in the state, it can continue operating legally within the state if it seeks licensure or registration with the state within 90 days of the effective date of the regulation. Putting It Into Practice: Louisiana is the latest state to permit virtual currency custody services (we discussed a similar provision in other states in a blog post here .) While the OCC has already instituted measures allowing nationally chartered banks to offer virtual currency custody services under federal law, banks have shown an unwillingness to operate in the space without the certainty of federal legislation. The passage of the Louisiana laws and regulations, however, provide virtual currency businesses an avenue to seek some certainty under state law. If operating within Louisiana, virtual currency business should make sure they are in compliance with the new laws and regulations.

  • When was Ofi founded?

    Ofi was founded in 2016.

  • Where is Ofi's headquarters?

    Ofi's headquarters is located at 7, rue Commandant Malbert, Brittany.

  • What is Ofi's latest funding round?

    Ofi's latest funding round is Corporate Minority.

  • Who are the investors of Ofi?

    Investors of Ofi include Hammel.

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