Tag: Security Tokens

Is Legislation Stifling Security Token Development in Malta?
Blockchain

Is Legislation Stifling Security Token Development in Malta?

On February 25th, 2020, the Malta Financial Services Authority (MFSA) released feedback it had gathered from Maltese security token industry participants. Ultimately, many believe regulation is holding back security token innovation — not at the national level, but at the level of the European Union. The MFSA’s Feedback on Security Tokens Explained Yesterday, the MFSA…

Smartlands Adapts Legal Framework Following Liechtenstein Blockchain Act
Blockchain

Smartlands Adapts Legal Framework Following Liechtenstein Blockchain Act

On February 12th, 2020, security token platform Smartlands announced a revision regarding its legal framework. The Liechtenstein Blockchain Act took effect earlier this year, allowing for a number of regulatory benefits related to tokenization. Smartlands has now expanded its legal structure to base future projects on Liechtenstein’s new laws. Smartlands’ Transition After the Liechtenstein Blockchain…

MERJ and CurioInvest to Tokenize 500 Luxury Cars
Blockchain

MERJ and CurioInvest to Tokenize 500 Luxury Cars

On January 31st, 2020, Seychelles-based MERJ Exchange and CurioInvest announced a deal involving the tokenization of 500 ultra-collectible, luxury cars. The valuable cars will be stored in a vault located in Germany, with their ownership represented in the form of security tokens. MERJ Tokenizing $200 Worth of Luxury Cars, Including Ferrari, Explained Many dream of…

Switzerland Approves First Incorporation with Tokenized Shares in Overfutures STO
Blockchain

Switzerland Approves First Incorporation with Tokenized Shares in Overfutures STO

On January 29th, 2020, Switzerland-based Overfuture released a prospectus pertaining to its upcoming security token offering. Swiss authorities have approved the company’s first articles of incorporation, which explain how new common equity (class-A) shares will only be issued on the Ethereum blockchain. As a result, blockchain technology will serve as the primary shareholder registry. Overfuture’s…

Digital Assets a 2020 Examination Priority for the SEC
Blockchain

Digital Assets a 2020 Examination Priority for the SEC

On January 7th, 2020, the U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) published its examination priorities for the coming year. The document explained how digital assets will remain a priority without significant change from 2019. Transfer agents will also be a priority for 2020 — a new area for…

Qatar Bans All Cryptocurrency Activity, Security Tokens Still Allowed
Blockchain

Qatar Bans All Cryptocurrency Activity, Security Tokens Still Allowed

According to a recent report, cryptocurrency activity has been banned throughout the Qatar Financial Centre. Crypto to crypto trades, crypto to fiat exchanges, and a number of other services are no longer legally permissible. Notably however, activity involving the digital form of securities — to include security tokens — remain unaffected. Cryptocurrencies Banned in Qatar…

Openfinance Makes Three Security Token Predictions for 2020
Blockchain

Openfinance Makes Three Security Token Predictions for 2020

Juan Hernandez is the Co-CEO of Openfinance (OFN). As an Alternative Trading System (ATS), OFN aims to facilitate the secondary market trading of security tokens. Recently, Hernandez reflected on the security token industry’s progress in 2019, while tying together three strong predictions for 2020. Digital Assets and the Need for a Clear Regulatory Framework If there’s…

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