In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations that apply to them. With the situation currently “partly unclear,” the new guidelines have been released to clarify the status of projects wishing to launch a token sale project within the country. “Creating transparency at this time is important given the dynamic market and the high level of demand,” the authority states. Notably, FINMA will determine the applicability of regulation to crypto tokens on a case-by-case basis, taking a similar stance to that of the U.S. Securities and Exchange Commission in guidance released last July. When assessing ICOs, FINMA said it will focus on the “economic function and purpose of the tokens,” with the “underlying purpose of the tokens and whether they are already tradeable or transferable” being primary factors in how they will be classified.
The number of blockchain bills before the Arizona state legislature is growing, public records show. Arizona state representative Jeff Weninger introduced two measures focused on the tech last week, including one that would begin laying down ar regulatory framework for initial coin offerings (ICOs) conducted in the state. Two new bills introduced by the representative include “virtual coin,” “blockchain” and “virtual coin offering” as new terms to be included in the Arizona government’s list of definitions, particularly as they relate to securities and crowdfunding. Notably, the first bill defines “virtual coin” as “a digital representation of value that can be digitally traded and that functions as a medium of exchange, unit of account and store of value.”
The Canadian Securities Exchange (CSE) plans to launch a blockchain-based clearing and settlement platform for token sales, it announced today. The initiative will see the CSE move to list so-called “Security Token Offerings,” through which blockchain-based assets which are explicitly securities would be offered and sold. The blockchain-powered platform represents a new service area for the exchange, which has been operating since 2003. Companies will be able to use the platform to issue traditional equity and debt through tokenized securities, which would then be offered to investors through fully regulated offerings, which stand in contrast to initial coin offerings (ICOs) that more often than not operate in a regulatory gray area.
ICO Alert does not endorse or recommend participating in any initial coin offerings.
What is EBCoin?
EBCoin will bring significant improvements to the global duty-free market. The first area we are focused on is the sales tax refund process. Many countries now offer tax-refunds to tourists for shopping in their country, but the process involved to get that refund is very inefficient. That is the first area where we see blockchain technology solving a lot of problems, by automating and digitizing most of the process.
01. International currency exchange and tax refund service for global tourism
02. 1 ETH = 20,000 EBC = 1 EBC token
03. January 16, 2018 — February 13, 2018
04. 750,000,000 EBC total available / 1,500,000,000 EBC total supply
05. Strategic partnerships with 99Pocket, mPOS in Vietnam, and MC Payments in Singapore
ccxnews.com does not endorse or recommend participating in any initial coin offerings.
What is NaviAddress?
NaviAddress, the first global addressing system which uses blockchain technology, thereby changing the traditional way in which we locate objects and people worldwide. It allows users to replace a physical address with a NaviAddress, a short sequence of digits. (I believe it is positioned to become the new global addressing standard; it’s already live and ready to implement globally).
A Naviaddress makes your life so much better: when traveling, finding a place to meet a friend, receiving a package — and on many other occasions too.
Rather than dictate a potentially complicated physical address over the telephone, a user will simply give a universally comprehended number (avoiding problems with different languages or alphabets) via a mobile or web application assigned to that physical address.
Naviaddress is the address for the digital era and globalized world — a world that is speeding towards the future with a legacy addressing system that presents a huge bottleneck.
01. A unified digital ID for places and objects in real and virtual world
02. $0.05 = 1 NVT token
03. Pre-ICO: January 29, 2018 — February 28, 2018; ICO: March 1, 2018 — March 31, 2018
04. 500,000,000 total available / 1,000,000,000 total supply
05. Working app with 60,000 users registered and 1.5 million NaviAddresses assigned