Digital currency ICO and IEO
The exchange and the project party jointly issued currency for the first time. The exchange participates in the selection and incubation of project tokens and makes endorsement with its own credit. If the exchange is down-to-earth, it will not go too far. Under this premise, IEO's project selection and operation are many times better than the previous ICO
in the first quarter, several Asian exchanges announced IEO, and I am optimistic about JYS in Malaysia. The main reasons are as follows:
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with the background of traditional, high-tech and new financial instries, the team strength is OK, and the team has mature experience and quick reaction ability in project selection and operation
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the object of IEO is the entity high-tech enterprises that need financing for development. The project party takes entity and patent right as endorsement, and the financing income is used for patent landing. The realization of procts and the growth of currency value are supported by real profits, which are completely different from the concept of air currency
it is said that the first IEO project will be launched in May. As it announced, the entity is a high-tech patent enterprise. When it comes to blockchain space, it's a real project that makes people feel at ease
on September 4, 2017, the people's Bank of China and other seven ministries and commissions issued the "notice on preventing the financing risk of token issuance", which cleaned up the ICO and virtual currency trading venues. The scale of domestic virtual currency transactions decreased significantly, effectively avoiding the impact of virtual currency prices on China's financial market.
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
American MSB license is a kind of financial license issued by the U.S. Department of finance. It mainly deals with businesses and companies related to money services, including digital currency, virtual currency transactions, issuance, foreign exchange, international remittance and so on
companies engaged in the above-mentioned related businesses in the United States must apply for MSB license to operate legally. It is also a license that all companies that want to operate digital currency business in the United States must have
extended information:
US MSB is used to supervise the businesses and companies related to currency services, including cross-border remittance, foreign exchange, currency transaction / transfer (including digital currency / virtual currency), ICO issuance, provision of prepaid items and issuance of traveler's checks, etc. Companies engaged in the above-mentioned businesses in the United States must apply for MSB license in order to legally conct business
MSB is the abbreviation of money services business, which belongs to FinCEN (financial crime enforcement agency under the U.S. Department of the Treasury) and belongs to the registration and licensing system. It is necessary to apply for the permission to engage in the business related to money service
provide relevant tax advice according to the operation structure of the exchange; Tax treatment of income or capital gains arising from final liquidation or conversion of digital currency or token received into legal tender; Tax treatment of income or capital gains arising from remuneration for services provided by an exchange
public offerings (IPO) refers to an enterprise or company that sells its shares to the public for the first time. Generally, the shares of listed companies are sold through brokers or market makers according to the terms agreed in the prospectus or registration statement issued by the corresponding Securities Regulatory Commission. Generally speaking, once the IPO is completed, the company can apply to the stock exchange or quotation system for listing. Before applying for IPO, a limited liability company should be changed into a joint stock limited company
after a company completes its IPO, everyone can buy its shares directly from its listed trading platform
ICO is relatively new to us. It's a concept that has only become popular in the past two years. ICO (initial coin offering), the concept of initial public offering (IPO) originated from the stock market, is the behavior of blockchain project to issue token for the first time, raise bitcoin, solve Ethereum and other common digital currencies
ICO is the most well-known application of blockchain technology, commonly known as "issuing currency". At present, it has been banned by the state. At 3 p.m. on September 4, the people's Bank of China led by the office of Internet information technology, the Ministry of instry and information technology, the state Administration for Instry and commerce, the China Banking Regulatory Commission, the Ministry of instry and information technology of the people's Republic of China, the Ministry of information technology of the people's Republic of China Seven ministries and commissions including China Securities Regulatory Commission (CSRC) and China Insurance Regulatory Commission (CIRC) issued the "notice on preventing the risks of token issuance financing", which pointed out that token issuance financing is essentially an unauthorized illegal public financing behavior. It requires that all kinds of token issuance financing activities should be stopped immediately from the date of the announcement. At the same time, organizations and indivials who have completed token issuance financing should make arrangements such as refund<
the differences between ICO and IPO
have something in common
they all raise funds by selling shares
there are potential investors taking risks in order to get huge potential returns
differences
most of ICO supporters are project enthusiasts or unprofessional investors
ICO does not need to register business license
ICO platform is a third-party neutral platform, and investors bear their own risks
this information does not constitute any investment proposal. Investors should not use such information to replace their independent judgment or make decisions only based on such information. If they operate on their own, please pay attention to position control and risk control.
at 3:00 p.m. on September 4, 2017, seven ministries and commissions, including the people's Bank of China, the central office of information technology, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, issued the notice on preventing the financing risk of token issuance, which made a qualitative decision for ICO and announced the decision to ban it. After the document was issued, all virtual currencies dived. Not only the price of ICO currency falls like a waterfall, but also the prices of several mainstream virtual currencies are greatly affected.
the issuance of sto (security token offering) securitized Circular refers to the public issuance of the corresponding circular under the supervision of the securities law, such as the company's equity, creditor's rights, gold, real estate investment trust and the dividend right of the blockchain system<
IEO (initial exchange offers) refers to the issue of token with the exchange as the core; The token skips the ICO step and goes directly to the exchange.