24 November, 2019.
The free market, non-central bank monetary instrument bitcoin money (crypto-asset) revolution, like the mythical bird phoenix, rose from the ashes of the Global Financial Crisis (GFC) of 2007 – 2008. Its Genesis Block mined on the 12th of January, 2009, and 50 bitcoins first traded on the authochtonous chain codebase. According to
Latest from Lex Futurus Group News & Insights - Page 2
GenEOS Token: Legal opinion
ISSUE
Does the genEOS Secured Token Offering (STO) comply with securities regulations of the world legal jurisdictions?
BACKGROUND FACTS
genEOS is a fourth generation blockchain technology project provisionally based on EOS. The EOS is an open source blockchain technology platform, upon which Decentralised Applications (D’Apps) are built. According to the genEOS white paper, genEOS is
STOs, tokenized shares and liquidation
Quick note: This article explores the rights of holders of tokenized shares when a blockchain startup goes into liquidation. (Hope that got your attention.)
Introduction
It wasn’t that long ago in 2017 that ICOs were all the rage. So popular were they, that it seemed, the number one use case of a blockchain was to
CUR8 TOKEN: A GLOBAL UTILITY TOKEN LEGAL OPINION
The Curate token project is built on the Ethereum Virtual Machine(EVM); a general purpose language machine Turing- complete. The ERC-20 smart contract token standard which the Cur8 token is, powers the primary reward, loyalty points and other utility products and services for which the Cur8 token is implemented. When users discover curated fashion contents and
IOSCO CONSULTATION PAPER PUBLIC COMMENT
Though the Board of IOSCO has published this Consultation Report on Crypto-asset Trading Platforms to elicit comments from the public “on the identified issues, risks, key considerations and related toolkits”, we have highlighted a number of issues in relation to the general Consultation Report as regards the omission of Decentralised Exchanges (DEXs) as a CTP,
The Central Bank of Nigeria and People’s Bank of China $2.5billion currency swap deal and the blockchain
The Central Bank of Nigeria (CBN) and People’s Bank of China (PBoC) have negotiated and agreed to by-pass the United States dollar as the international trade settlement currency between the two countries Nigerian and People’s Republic of China (PBoC). They have instead chosen to swap each other’s non-backed, sovereign fiat paper currencies Naira and Renminbi
Securities Fraud Practices to Keep Away From in ICOs
There are securities fraud practices in the traditional securities companies, like Pumping and Dumping (PnD) and insider trading, among others. Distributed Ledger Technology (DLT) companies must keep away from them, before, during, and after Initial Coin Offerings (ICOs). This preserves the DLT companies’ reputation, complies with the applicable regulations, and protects investment interest of market participants.
ICO (Initial Coin Offering) vs IPO (Initial Public Offering)
ICO vs IPO: An introduction
The modern securities market as the legacy financial market has been
around for many decades. Securities regulation became a prime concern during
the stock market crash of late 1920s. The word “securities” itself is a
multi-coloured word, meaning shares, bonds, stocks, futures, debentures, or other
financial instruments. In this article
Legal Considerations for Blockchain Projects
Legal Considerations: Regulatory compliance for Blockchain Companies
Over
the past year (2017), regulatory compliance became a concern for
Blockchain companies. Blockchain companies became aware and conscious of
the need to comply with legal considerations.
The Internet was
once an unregulated playground for all sorts of experimentation to
flourish. Technologies like Bitcoin took root quietly, and