Crowdfunding blockchain Technology License
Zheng Xiaojun, chief economist of the world blockchain organization and President of the Caribbean blockchain Research Institute, introced the world blockchain organization at the tokensky blockchain conference in South Korea today. He mentioned that the Caribbean is the largest offshore area in the world, and a lot of international re export trade relies on the Caribbean for operation. However, 80% of the population in the region does not have bank accounts, and the financial infrastructure cannot be solved by traditional financial instruments. Therefore, the development and cooperation of blockchain in the world is very necessary
the United States is a federal country, and the laws and regulations of each state are different, but the U.S. license is commonly used in 50 states, and the scope of the U.S. MSB license includes: digital currency issuance and transaction. virtual currency transaction, ICO issue, international remittance, foreign exchange, etc. In short, as long as s is engaged in money related business in the United States, it needs to hold the license<
to apply for an American MSB license, you need to register an American company first.
to apply for an American MSB license, you need to submit the following information:
a basic information of an American company, including company registration certificate, articles of association, annual review documents, and company tax number
b, personal data of shareholders of American companies: including body powder, shield, personal telephone number and address proof
C overview of the exchange
d select the service type according to the MSB service list
d list the total amount of transactions
&<
the application time of MSB license in the United States is generally about one month,
if you can help me, please praise me. You are welcome to pay attention to me.
At the tokensky blockchain Conference on March 14-15, Zheng Xiaojun, director general of wbo, mentioned that the wbo licensing authority will issue three types of licenses: digital asset operation license (for ordinary digital asset companies), digital asset trading license (for digital currency exchanges, etc.) and ICO license (for ICO only projects, companies, etc.)
it is understood that the world blockchain organization is a non-governmental organization registered by the United Nations Economic and social affairs agency. Its purpose is to become a major international intergovernmental organization in the blockchain instry and provide another method and means to solve the financial problems between countries and regions by promoting the cooperation of the blockchain world
at present, wbo has more than 400 members and institutions, including nine offices including the licensing authority, to operate blockchain policy research, legislative promotion, standard formulation, evaluation and certification, conferences and exhibitions, training and ecation and other activities
the wbo with endorsement from international organizations will issue licenses related to digital cryptocurrency and blockchain, which may provide clearer guidance on supervision and practice at the national level, and bridge the cooperation between countries
as a financial technology leader, the United States discussed cryptocurrency, ICO and whether the existing regulatory framework is sufficient to protect investors at the recent congressional cryptocurrency regulatory hearing. Many of them agreed that the regulatory authorities should clarify the legal status of encrypted assets, and ensure that the relevant processes comply with the law while helping entrepreneurs to innovate
No matter what the result is, the measures taken by these important organizations and governments show that they will not sit back and watch the currency circle and chain circle go disorderly
it is worth noting that on March 11, the blockchain instry alliance of China Hi Tech Instrialization Research Association also announced that it has officially joined the ranks of wbo sponsors, and Zhu Tao, chairman of the alliance, is also the deputy director general of the world blockchain organization. With the issuance of internationally recognized licenses, will China's policies be relaxed
joint stock companies are divided into "listed companies" and "unlisted companies". The shares of a listed company are registered in China securities registration and Clearing Corporation, so its behavior of issuing shares or trading shares is regulated by the CSRC. Here, we don't want to explain more; The shares issued by non listed companies do not need to be registered by any institution, and can be confirmed by issuing shares and maintaining the register of shareholders. Of course, many of them are registered through third-party institutions such as the instrial and commercial department or China Securities Depository and Clearing Corporation, and use the local share custody center to provide third-party registration services for publicity. Moreover, when the company's equity changes, it is necessary to manually process paper equity certificates, option issuance and convertible notes. In this way, the company's stock rights can be changed, The maintenance of the register of shareholders will become very complicated, and the tracking and maintenance of transactions will become more difficult to trace with more and more transactions
if the techshares blockchain technology is used for equity crowdfunding, all the above problems can be perfectly solved. The blockchain account book is safe and transparent, and can not be tampered with. It is also easy to track, and can record the company's equity and its change history at any time
convenience of equity transfer and circulation
for equity crowdfunding, equity circulation is an important part of business, which can stimulate the activity of users and promote more registration and issuance. The traditional OTC over-the-counter equity trading is based on the credit of both sides of the transaction, and the two sides of the transaction bear the credit risk on their own. The transaction can only be carried out after the establishment of bilateral credit, and the trading platform bears the credit risk of market traders
techshares blockchain technology can rece the credit risk of transactions. In essence, it decentralizes the third party that provides credibility to a more thorough extent, that is, it is no longer limited to specific third party entities, but relies on all participants to jointly maintain a set of registration system. On the one hand, blockchain gives the right to record to the company itself, reflecting the spirit of autonomy; On the other hand, it can also ensure the openness, transparency and authenticity of information records, and minimize rights disputes. The ownership of equity is registered in the blockchain, and the equity transaction must be signed by the owner's private key to be verified; After the transaction is confirmed, the change of equity will also be recorded in the blockchain, so as to protect the interests of both parties
how to ensure safety
as an investor, the most worrying problem is the safety of funds. Traditional equity crowdfunding often has the problem of "double flowers" (Note: double flowers - Double expenses, that is, the only share is repeatedly transferred to two people). Until the electronic data is comprehensive, the central clearing agency ensures that the whole system can be leveled after trading. But the risk is often borne by the platform. Unlike traditional floor trading, equity crowdfunding business is carried out by many independent companies. Therefore, these trading activities are scattered on various platforms. With the techshares blockchain technology, the decentralized trust constructed by the blockchain can ensure the normal operation of the system and business without the need for mutual trust. Everyone becomes a node in the blockchain, with their own public key and private key, participating in rapid transaction verification and accounting. Moreover, in the initial stage of equity crowdfunding, the sponsors, crowdfunding platforms, investors and sponsors jointly sign a crowdfunding contract to agree on their respective responsibilities and obligations. The contract can be stored in the blockchain in the form of a smart contract, and the blockchain ensures that the contract cannot be tampered with ring the performance. In this way, there is no need to worry about safe space
it has strong expansibility, reasonable and legal
blockchain equity crowdfunding is composed of three-tier structure, and the bottom layer is blockchain network, which constructs a decentralized trust distributed system; The middle layer is the combination of business logic and blockchain to jointly establish account center, equity registration, equity voucher, equity transaction, equity management and other functions; The top layer is the crowdfunding platform for customer-oriented business, and the business of the platform can be extended to various fields and instries in theory
with techshares' blockchain technology, decentralized trust can be realized by building P2P self-organizing network, orderly and tamperable cryptography account book and distributed consensus mechanism. In addition, no matter the company law, the regulations on the administration of company registration or other laws and regulations, there are no specific restrictions on the form of expression of the register of shareholders maintained by the company itself. The company can choose to create and maintain the register of shareholders in any form with written records, not limited to specific carriers. Therefore, it is entirely reasonable and legal to use techshares as a carrier for equity crowdfunding on the blockchain. Once it is voluntarily chosen by the company, it can provide legal and effective proof for the company's equity (shares).
At present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month
for example: US MSB, Estonia, Australia
John Clayton, chairman of the U.S. Securities and Exchange Commission, criticized ICOS that want to evade regulation, saying: "a lot of ICOS are concted under illegal circumstances. The sponsors and other participants of these ICOS have not complied with our securities laws. Some people say this is because the law is not perfect. But I don't think so at the moment. "
according to Clayton, up to now, no ICO has been registered with the sec. In 2017, all the ICOS raised about US $4 billion. "A lot of people think that ICO is a new thing and deny that ICO is a kind of security, but another way of financing," Clayton said. I don't think regulators have done a good job in this area. "<
Giancarlo of CFTC also thinks that virtual currency should be more strictly regulated. "I'm surprised by the enthusiasm of young people for virtual currency, and we should respect them."
the two presidents of the US regulatory agencies believe that decentralized blockchain technology has great potential, but whether it can bring benefits to the public is still unknown
although the relevant agencies have concted dialogues at the congressional hearings, it will take a long time to formulate specific policies.
What is the difference between Australian austrac license and American MSB and Japanese FSA:
-
in terms of cost, American MSB, Australian austrac license, Japanese FSA
2. The regulatory scope of the three licenses is different
austrac is the financial regulatory agency of Australia, responsible for preventing and detecting money laundering and terrorist financing. The federal government enhances the compliance of reporting entities with AML / CTF laws and regulations by expanding the powers and functions of the CEO of Australia Group
austrac regulatory license conditions:
1. Digital currency dealers in Australia must handle austrac and provide all business details. If the company providing digital currency transactions does not apply for austrac's license, it may result in two years' imprisonment, a fine of aud105000, or both
Establish and maintain AML / CTF plan to identify, mitigate and manage the money laundering and terrorist financing risks they may encounter. At least two responsible persons shall be appointed, at least one of whom must be a director of the company and at least one of whom shall be a compliance officer3. Identify and verify the customer's identity
4. Report suspicious activities and transactions involving legal currency, exceeding aud10000 or more (or equivalent) to austrac
5. Keep special records of transactions, customer identification and AML / CTF projects for 7 years
to apply for Australian austrac license, you need to register a European company first, and then apply for the license. Generally, you will choose a reliable agent company to provide the director information and the name of Australian company
blockchain exchange project compliance: subject company + digital currency trading license:
1. At present, the compliance mode of the exchange, we can apply for a license alone, when applying for a license, we usually register a local ordinary company as a regulatory condition to apply for a license, this ordinary company can be used as the subject company of the exchange. At present, when dealing with the compliance license of the exchange, such as the US MSB license, Estonian MTR and wallet al license, Canadian MSB license, Singapore MAS license and Australian license are all very good. They are also several licenses that the exchange often does. High cost performance, such as hotcoin, bittrer, poloniex, coinbase, and okex, these exchanges have obtained the US MSB license
2. The exchange is compliant. First, it should be a Singapore foundation as the main company, and then apply for the digital currency license
the main company of the Singapore foundation can also be used as the platform currency issued by the exchange in the later stage
at present, the compliance of blockchain projects generally refers to non-profit foundations, legal opinions and exchange licenses, and the specific development direction of the project itself