Author: SABIR MUSTHAFA

Registration with FINTRAC (Money Service Businesses)

  The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities while ensuring the protection of personal information under its control. Steps Involved in the process of Registration: Step 1: Completion ...

GXToken Sale Agreement

Table Of Contents Transfer of Tokens  Bonus Offer Conditions Precedent  GX Platform  User to Provide Information  Intellectual Property  Representations and Warranties  Limitation of Liability  Right to Refuse Transfer  Taxation 6 11. Privacy  Assignment  Amendment No Waiver  Further Action  Force majeure  Counterparts  Governing Law  Severability  No Relationship  Interpretation  Definitions and ...

GXToken Generation Event Disclosure Document

  Contents 1.0 Summary Of Token Generation Event  1.1 Key Facts For Token Generation Event  1.2 Terms Of Participation In Token Generation Event  1.3 Key Details For Company And Advisors  2.0 Summary Of Token Generation Event  2.1 Terms And Conditions Of Token Generation Event  2.2 Tokens Offered During The Token Generation Event  2.3 Opening and Closing Dates  2.4 Lock Up  2.5 Making An Appl...

Status of Crypto-Currency in the United States

  Regulations: In the United States of America, the policymakers and the Regulating agencies have praised the Blockchain Technology and Cryptocurrency to play an imperative role in the future and emphasized the need to maintain a leading role in its development. The cryptocurrency has been regulated both by the Federal and the State governments. Even though there is significant monitoring by the r...

Cautious China

  The unprovoked rise of cryptocurrencies has pushed the Chinese Government to cautious policymaking in this regard, with the aim of striking a balance between encouraging innovation and preventing rampant conjecture. In China, the primary regulatory body monitoring and policing cryptocurrencies is the central bank, the People’s Bank of China (PBOC). The China Banking and Insurance Regu...

CRYPTO INDUSTRY IN EUROPE

  The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, has listed four regulators for crypto assets in the European Union (EU): European Commission; which is responsible for planning, preparing, and proposing legislation, including any on cryptocurrency if it “decides to propose such legislation,” the Board clari...

The Fall of Cryptocurrencies in India

India has held a long standing position of not being keen to work with virtual currencies. The central bank of India, RBI has categorically stated that banks will never provide services to individuals and businesses that are dealing with Bitcoin or settling in virtual currencies. Even though earlier in April, the RBI had set up a regulatory sandbox for fintechs that may include blockchain startups...

FCA REGISTRATION (UK)

  According to provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities have to be regulated by the Financial Conduct Authority (FCA). Any firm (whether a business, a not-for-profit or a sole trader) carrying out a regulated activity must be authorized or registered by the FCA, unless they are exempt. Banks, credit unions and insurance companies are regul...

REGISTRATION WITH FINRA AND SEC (USA)

  FINRA REGISTRATION ( Broker-Dealer Firm) To conduct securities transactions and business with the investing public in the United States, both firms and individuals must be registered with FINRA. Firms must apply and meet certain membership standards to become a FINRA-registered broker-dealer. In addition to filing the New Member Application (NMA) Form and applicable registration forms, you ...

CRYPTOCURRENCY REGULATIONS IN UK

    INTRODUCTION Cryptoassets is a comprehensive term and covers many different types of products. The most popular forms of crypto assets include tokens like ‘Bitcoin’ and ‘Litecoin’. We call these ‘exchange tokens’ but they are sometimes referred to as ‘cryptocurrencies’, ‘cryptocoins’, or ‘payment tokens’. Exchange tokens use a distributed ledger technology (DLT) platform and are not ...

Regulation Of Crypto Currencies

    Cryptocurrencies are not considered a legal tender in Canada; as such legal tenders can only be in the form of banknotes and coins issued by the Bank of Canada as per the Currency Act, 1985. However, the Government of Canada permits the usage of cryptocurrencies in the form of digital currencies to buy goods and services on the internet and in stores that accept such digital currenci...

Canadian Securities Laws : Coins and Tokens

  The CSA Notice 46-307 addresses a number of considerations of relevance to Fintechs, investors and their advisors, including the potential applicability of Canadian securities laws to initial coin offerings (“ICOs”) and initial token offerings (“ITOs”), cryptocurrency exchanges and cryptocurrency investment funds. It follows a press release issued by the Ontario Securities Commission earlie...

  • 1
  • 2

Lost Password

Register