What is needed to issue virtual currency
Hello, the answer is not easy, hope to adopt, first of all your question is two pieces of content, the issue of digital currency and mining! This is two things, generally need to use mining machine to mine are published and online transactions of digital currency, and the majority of mainstream currency! For example, BTC / eth
4. Singapore law sponsored terms.conditions for public issues token public offering terms, website publicity and disclaimer in accordance with Singapore regulatory regulations
I don't need to explain the last two items. Private placement and public offering depend on your personal situation. With the relevant legal opinions, it will be more convincing to your investors. Everything you do is legal and compliant. In addition, after reporting, we are not afraid of MAS to check you. Of course, the most important point is that we can go to the mainstream exchanges
among them, the packaging and promotion of tokens, and the exchanges you go to, are the places that reflect the strength of your currency. The fees for necessary documents mentioned above are not worth mentioning< br />
first of all, there must be a subject of the project - the Singapore public non-profit foundation (note that it can be compliant), including the white paper and relevant legal opinions, which are written around this subject
I don't need to say more about the white paper. Your own affairs should be clearer than mine
let me tell you in detail about the legal opinions. It is not a single lawyer's document. Taking the blockchain project as an example, if you want to comply with ICO and issue it on the exchange, you need the following types of legal opinions:
1.
legal opinions of token non securities nature certificate issued by legal opinion in accordance with Singapore regulatory regulations. In this way, the relevant securities laws and regulations, etc., will not interfere with you<
2.
2. The white paper legal compliance lawyer's opinion proves that the project is legal and compliant and does not touch or violate any existing Singapore regulatory regulations. This item is written according to your white paper, and the complexity is also determined by your white paper. Even if the lawyer thinks that it is necessary, some modifications will be made
3. The private placement terms issued by PURCHASEAGREEMENT in accordance with Singapore regulations for the project to raise funds by issuing tokens
4. Singapore law sponsored terms.conditions for public issues token public offering terms, website publicity and disclaimer in accordance with Singapore regulatory regulations
I don't need to explain the last two items. Private placement and public offering depend on your personal situation. With the relevant legal opinions, it will be more convincing to your investors. Everything you do is legal and compliant. In addition, after reporting, we are not afraid of MAS to check you. Of course, the most important point is that we can go to the mainstream exchanges
among them, the packaging and promotion of tokens, and the exchanges you go to, are the places that reflect the strength of your currency. The fees for necessary documents mentioned above are not worth mentioning.
1. Enterprises are not allowed to operate both virtual currency transactions and virtual currency issuance businesses at the same time
2. The conditions for handling virtual currency transactions should meet the relevant conditions for establishing operational Internet cultural units
3. The transaction conditions of virtual currency should meet the relevant conditions for the establishment of operating Internet cultural units, and the relevant provisions of the competent department of Commerce on e-commerce (platform) services.
formula: the actual amount of money needed in commodity circulation = total commodity price / average circulation times of the same unit of currency
[expansion] the issuance process of RMB is roughly divided into four steps:
(1) put forward the issuance plan of RMB and determine the annual money supply. Every year, the head office of the people's Bank of China puts forward a plan for currency issuance and withdrawal in accordance with the state's economic and social development plan, which shall be submitted to the State Council for approval before implementation. Including the design, printing and reserve of tickets and coins< (2) the State Council approves the money supply plan submitted by the people's Bank of China
(3) allocate the issuance funds. The issuing fund is the currency to be issued kept by the central bank for the state. It is a reserve fund for currency issuance. It does not have the nature of currency. It is kept by the people's banks at all levels that set up the issuance Treasury. The head office is in charge of it. The right to use the issuance fund belongs to the general Treasury
(4) daily cash collection and payment in general banking business library. The currency issue of RMB is mainly realized through the cash collection and payment business activities of commercial banks. After the commercial banks transfer the issuance funds of the people's Bank of China's issuance Treasury into the business Treasury, they pay the units and indivials from the business treasury through the cash cashier, and the RMB banknotes enter the market. This is called & quot; Cash delivery;. At the same time, every commercial bank has to recover a certain amount of cash from the market every day. When the inventory currency of the business bank exceeds the specified limit, the excess part should be sent to the issuing bank for safekeeping. This is called & quot; The cash belongs to the bank;. The process of currency from issuing bank to business bank is called & quot; Stock out;, That is, currency issue; The process of money returning from business bank to issuing bank is called & quot; Stock in;, That is, the return of money.
the purpose of decentralization is to get rid of management, and management must have a center.
1. This kind of currency should have a good application scenario planning
2. The source code is open and has its own wallet
3. There is a trading platform
the current digital money market is a mixture of fish and water, which is uneven. It is suggested that we should pay more attention to bitcoin, Ruitai, Laite and other mainstream digital currencies.