CFT digital currency
As the activity center of Asian blockchain trade, Singapore has become the third largest country of ICO projects in the world. Singapore's policy and attitude towards ICO: in the environment that many countries around the world have not yet made clear their supervision of blockchain and cryptocurrency, and the central bank has once again issued a voice that is still strictly prohibited, Singapore seems to be a hot spot for the development of blockchain. As the most digital currency friendly country in Asia and the third country in the world in ic0 financing, The Singapore government supports the blockchain technology behind the token and its development potential, but does not support it as a circulating currency or an investment asset at present
MAS in Singapore has been paying close attention to local financial technology including blockchain and token, and has continuously issued various regulatory measures and risk warnings to investors. At present, MAS has issued two new laws, which include both non security and security token into the regulatory framework. First, the regulatory framework will include the securities cryptocurrency trading platform into its regulatory framework to cater for the emergence of a new trading platform business model; The second is the "Payment Services Act", which will bring other non securities cryptocurrency trading platforms into its regulatory scope and require the platforms to take preventive measures against KYC, AML and CFT
ways of ICO project compliance:
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the advantages of the registered entity [Singapore foundation] are: (1) the foundation has no shares or shareholders, so it can't pay dividends. Therefore, the funds raised by the blockchain are managed by the foundation and will be used for the project completely, and will not be shared by members 2) The foundation has a tax exemption policy. As long as there is no cash or surplus at the end of the year, there is no need to pay tax. It's a zero tax return. Therefore, the Singapore foundation is the preferred entity to issue tokens for financing. It is also an organization with credibility in the world. The supporting legal documents issued by Singapore lawyers guarantee the non securities nature of the token issued by the project, and file the project with the government in the name of lawyers
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legal compliance: the supporting legal documents issued by Singapore lawyers guarantee the non securities nature of the token issued by the project (audit white paper), and file the project with the government in the name of lawyers. 3. Operation and audit implementation of the foundation
on October 3, 2019, the parliament of Lichtenstein passed the token and TT Service Providers Act (tvtg), which will take effect on January 1, 2020< On the one hand, the bill regulates the civil laws and regulations related to the protection of customers and property. On the other hand, the bill establishes regulation of providers involved in the token economy. Moreover, it also promotes service providers to follow AML / CFT laws and combat money laundering crimes. Most importantly, the bill explicitly recognizes the existence of digital securities
the introction of the tvtg bill means that the government's financial market strategy will occupy an important position, and Lichtenstein will become an area of blockchain innovation and compliance to support the token economy of providers From the original words of prime minister Adrian Hasler of Lichtenstein)
the key content of the blockchain Law: the blockchain law will regulate the economic behavior of tokens according to the following legal basis:
· issuance of securities tokens, initial token issuance, token sale and token generation events
· security token: to token (digitize) any viable asset (movable and real estate, equity, securities, etc.)
· ownership of digital assets (such as tokens)
· transfer of ownership of digital assets
· secure storage of digital assets
· legal requirements for storing digital assets
· the license level of the provider in the token economy
as one of the smallest countries in the world, however, it occupies an important share in the field of blockchain and may take advantage of the slower supervision of the larger countries themselves
Switzerland is another rising blockchain center, and cryptocurrency is widely used in Zug and other cities. The Prime Minister of Malta personally welcomed the proposal to move binance headquarters to his island, announced his support for blockchain technology, and called on other EU leaders to join him in "accepting this key innovation front" and creating "European bitcoin continent"
of course, it seems that Lichtenstein is one of the countries responding to this call. Its financial market authority is in charge of the formal processing of more than 100 blockchain and cryptocurrency related investigations, with the aim of establishing itself as a leading country in blockchain innovation
in other words, it will not only set rules for the legalization of physical assets, but also provide a regulatory framework for these legalized transactions of digital assets. In theory, digital assets with global circulation will probably promote the rapid implementation of corresponding regulatory laws on digital assets in various countries e to the "blockchain act" of Lichtenstein
after all, with such a clear legal regulation bill, more blockchain talents will be attracted to build legal and compliant token economy procts in Lichtenstein, and a digital asset exchange with regulatory certification will be launched there.
lfsa (Labuan Financial Services Bureau)
established in 1996, is Malaysia's offshore financial regulatory agency, and the currency brokerage licence of (lfsa) has become a licence pursued by brokers in Asia in recent years
regulatory function
Labuan FSA's main function is to license Labuan ibfc company 156, supervise licensed entities 6991, and ensure that all entities 3780 comply with the laws and regulations of internal and other jurisdictions. Labuan FSA also formulates relevant policies and regulations to supervise Labuan ibfc orderly
regulatory objectives
to promote Fujian to become an international commercial and financial service center
Manage Labuan ibfc in order to develop national goals and policies
as a central regulatory and enforcement agency, it manages the international business and financial services instry in Fujian
The aim of ibfc is to help Malaysia become a major habitat for offshore investment. However, compared with Singapore and Hong Kong, Malaysia's investment aura is dim. Therefore, in the past two decades, the Malaysian government has shifted its focus to the development of tourism, and achieved remarkable results. More than 27 million people have traveled to Malaysia, bringing more than 72 billion ringgit of revenue. Despite being at the forefront of Islamic banking and a well regulated economy, Malaysia's offshore investment sector remains silent. It was not until the outbreak of the financial crisis in 2008 that the Malaysian government began to realize the importance of becoming an Asian investment and financial center and vigorously supporting financial services in line with global standards
despite the fierce competition in the global economic environment, ibfc has achieved great development in the past few years, and has quickly become a bridge between foreign direct investment and many Asian countries
the currency brokerage license provided by lfsa is different from other licensing licenses. This license is the only licensing license for STP only business in Asia (please refer to "one country in Asia blocks all foreign exchange brokers' websites" for details). The broker with this license can only operate order matching business, and is not allowed to be the opponent of any order
advantages of Labuan license plate
Labuan license plate in Malaysia can be operated both onshore and offshore, with free trade form. The tax rate of trading business is as low as 3%, and that of non trading business is 0. The tax rate is flexible and compliant. At the same time, starting from 2019, the onshore business transaction mode, that is, the transaction between the company and the local companies in Malaysia and the offshore business (that is, all the international trade activities of the company, the tax rate is charged at 3% of the net profit of the enterprise)
multiple entity structures can be built
application conditions
Step 1: local company formation
(1) English Name: English registration, Chinese name registration is not accepted
(2) business scope
(3) registered capital: MYR 500000
(4) ID card and passport scanning of directors and shareholders
(5) provide a local director, address and secretary
Step 2: lfsa license application process in Malaysia
1. Fill in according to the application form
(1) notarized passport copies of directors and shareholders
(2) notarized address certificate of directors and shareholders 2. KYC document application requirements
3. The above documents need to be scanned and sent for preliminary review
4. After the audit, the original will be sent by express mail
the time for the whole process is generally about 50 working days
the scope of license supervision in Malaysia includes: foreign exchange, digital currency issuance and asset management
fortunately, he thought he could speculate and make money, but he was cheated the cat raising platform claims that it can buy a virtual cat first, and then sell the cat after a period of time to earn money. In this way, it can cheat the victim's money. After the victim is bewitched and thinks that he will not be cheated, it puts in money, and then the platform runs away directly, and the money is directly wasted
Because of the high return and heart, step into the trap< p> After seeing the advertisement on the cat platform that will get a high return, at the beginning, the cheated people didn't directly invest their money in it. Most of them didn't believe in the way of getting a return. However, after seeing the message of high return, some people still have a certain sense of fluke, thinking that what if it might be true, I just looked at not investing money and so on. Because of this fluke mentality, I began to further understand what is going on with the cat raising platform, which is equivalent to stepping into the circle of being cheated 
every day, the Internet will be full of all kinds of information. Learn to identify the information you see, and control your inner desire. Don't think about going up to the sky step by step, and don't think about picking up the leak, because such a mentality will only make you cheated