Byte Power Group Limited (BPG.AX) Cryptocurrency Exchange Update

Brisbane, Australia (ABN Newswire) - Byte Power Group (ASX:BPG) is pleased to announce that it has received AUSTRAC registration approval as of today. Coinciding with this AUSTRAC approval, BPG intends to undertake a token generation event for the Byte Power X Loyalty Token (BPX Tokens). Attached is the investor presentation (see link below) in relation to the BPX Tokens. BPX Tokens are utility tokens relating to the loyalty program which provides a discount on commissions for users of the Byte Power X Cryptocurrency Exchange (Exchange).

Byte Power X Pty Ltd (Byte Power X), which is a fully owned subsidiary of Byte Power Pty Ltd, which in turn is a fully owned subsidiary of Byte Power Group Ltd. Byte Power X will own the Exchange. Byte Power X will initially focus on the cryptocurrency markets in Asia and Australia.

To view the presentation, please visit:
http://abnnewswire.net/lnk/W9I78P0S

About Byte Power Group Limited:

Byte Power Group Limited (ASX:BPG) is a diversified technology solutions group with a particular emphasis on securing Asian business opportunities.

Through Wimobilize, the Group has a new cutting edge technology solution, a proprietary Advance Hybrid Artificial Intelligence Big Data Technology Platform consisting of 31 Advance Analysis Engines, 4 levels of Hybrid Correlation and Al Profiling Algorithms customised for governmental, healthcare, banking, telco and tourism industries. This proprietary Big Data technology platform elevated the AI Predictive Analysis and deep insight intelligence to a new paradigm, applicable to any market segment.

This Wimobilize Big Data technology powered e-commerce ecosystem will provide the next generation innovative trading platform for distributing the Company's Australian wine, organic honey and honeycomb.

Source:

Byte Power Group Limited

Contact:

Michael Wee
Company Secretary
Byte Power Group Limited
T: +61-7-3620-1688
www.bytepowergroup.com