CryptoSecurities Exchange Seeks to Create World’s First SEC-Registered Blockchain-Based National Securities Exchange
A self-regulating, fully transparent, code-regulated, blockchain-based National Securities Exchange registered with the United States Securities and Exchange Commission. That’s the vision of the team at CryptoSecurities® Exchange LLC.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180325005001/en/
In just a few short months, they have registered with the SEC as a Regulation D Exempt Offering, registered with FinCEN as a Registered Money Services Business, secured a lobbying firm in Washington DC to pursue a partnership with the United States government, retained an international tax law firm to ensure IRS compliance, and are in the process of establishing a SuperPAC to push their agenda in the U.S. Congress.
What’s the difference between our current securities trading exchanges and a blockchain-based exchange? Access, cost, speed, and transparency.
Right now, the $1.7 trillion market of over-the-counter (OTC) publicly traded companies has intentionally chosen to not be traded on one of the major legacy exchanges. Why? Because of the prohibitive cost. Brokers, clearinghouses, legal custodians, and the exchange itself all want a cut of every transaction. Even noble brokers like Robinhood don’t allow investors to avoid the clearinghouse fees, exchange fees, and the archaic 3-5 day waiting period for settlement. To make matters more burdensome, the mishaps on Wall Street have resulted in overreaching securities regulations that inadvertently prevent entrepreneurs and startups from accessing public capital. Entrepreneurs have had to resort to presales of conceptual products as a backdoor to raising capital on sites like Kickstarter and GoFundMe. Sites like StartEngine have failed to meet their full potential because the investor base of these types of platforms are strictly limited to permit only accredited investors, which are individuals that make more than $200,000 annually or have more than $1m in assets not including their home. That eliminates nearly the entire general public and destroys the crowdfunding capacity of the platform.
CryptoSecurities Exchange (CSX) is the solution. CSX will be a registered national securities exchange with the SEC. Operating under the state of Delaware’s new cryptosecurities law, which allows stock to be digitized and transferred electronically via a distributed shareholder register in a blockchain-based private network, CSX seeks to digitize the shareholder registers of every OTC company in the United States for no cost.
More importantly, CSX will be working with former SEC regulators and forensic auditors to build a network that has all existing securities laws and regulations built into the code framework. By coding our existing laws into the network, legal compliance will be automated.
What does this mean? Entrepreneurs and startups no longer need to consult with securities attorneys. Brokers will be a thing of the past. Clearinghouses will no longer be necessary. Legal custodians will no longer be needed. The CSX online trading platform will directly connect investors with entrepreneurs, small businesses, and companies throughout the United States. A self-regulating, fully transparent, code-regulated, blockchain-based national securities exchange for Main Street; not just Wall Street.
Please visit our website at www.CryptoSecurities.Exchange to learn more.
CryptoSecurities Exchange will be the world’s first fully transparent, code-regulated, blockchain-based National Securities Exchange registered with the U.S. Securities and Exchange Commission.
If you need any additional information, contact Dr. Castro by email at J.Castro@CryptoSecurities.Exchange during regular business hours.
CryptoSecurities Exchange, LLC
Dr. John Anthony Castro, +1-844-627-9786
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Tradeshift Announces Q2 2018 Results19.7.2018 11:00 | Pressemelding
Tradeshift, the leader in supply chain payments and marketplaces, today announced results from the second quarter of 2018, showing significant momentum across the company. Tradeshift’s second quarter growth stats announced today include: YoY new bookings grew 315% YoY gross merchandise volume (GMV) grew 350% Largest deal in the quarter was $18.6M Tradeshift’s customer roster showed remarkable growth this quarter, adding 38 new customers, including several Fortune 500 companies such as one of the world’s leading innovators in materials science, the endurance challenge event leader, and the world’s leading platform for clinical development, commercial and real-world data analytics. “It’s amazing to see our strategy work across all areas of our business,” said Christian Lanng, CEO and co-founder of Tradeshift. “We took a big bet that the industry was ready for innovation, and we’re proud that some of the largest companies in the world are now part of the momentum we’re seeing across every
JPMorgan Chase Bank announces the initial exchange price for the cash-settled exchangeable bonds into Ping An Insurance (Group) Company of China Limited due 202019.7.2018 10:58 | Pressemelding
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO JAPAN, THE PEOPLE’S REPUBLIC OF CHINA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. Following the placement on 17 July 2018, JPMorgan Chase Bank, N.A. today announces the initial exchange price of the cash-settled exchangeable bonds due 2020 (the “Bonds”) in aggregate principal amount of USD 350 million, referable to H-shares of Ping An Insurance (Group) Company of China Limited (the “Shares”). The initial exchange price of the Bonds has been set at HKD82.1720, representing a 16% premium over the share reference price of HKD70.8379, which was determined in the manner described in the press announcements released on 17 July 2018. Settlement and delivery of the Bonds is expected to take place on 20 July 2018. The Bonds are expected to be rated “Aa3
CORRECTING and REPLACING Connected Objects: a Global Ambition at Total19.7.2018 10:37 | Pressemelding
Please replace the release dated July 10, 2018 with the following corrected version due to multiple revisions. The corrected release reads: CONNECTED OBJECTS: A GLOBAL AMBITION AT TOTAL Total has joined forces with Sigfox, the world’s leading IoT connectivity service, to deploy a solution designed to optimise rolling stock and help manage trailer fleets. What’s the solution? Created by transporters, for transporters, Where’s my Trailer? is an innovative new way to improve how trailer fleets are used and kept secure. The solution works by installing a box on the trailer, to identify any equipment that is underused or has been lost or stolen. Our partnership The solution was developed by Total Marketing France through its subsidiary Stela and has been in test phase for a year with the company’s transporter customers. “Sigfox technology, together with our proximity to Freight and Logistics, has given us the opportunity to offer a reliable and efficient way of geolocalising rolling stock t
FlipNpik Opens Its Private Sale to Public and Introduces Fiat-Based Payment Gateway19.7.2018 08:00 | Pressemelding
In an unprecedented move, FlipNpik, the blockchain-powered social media platform for local businesses, democratises its private sale and allows everyone to enjoy the privileges and bonuses traditionally reserved only for the large investors. Known as 'whales', these powerful investors typically enjoy large bonuses during the private sale phase of ICOs (Initial Coin Offerings). FlipNpik now turns this practice on its head by eliminating the large investment required to benefit from the 'whale' bonus, which offers up to 100% bonus of FNP (FlipNpik) tokens to the public, leveling the playing field for small investors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180719005283/en/ Monetize your social media posts by supporting local shops (Graphic: Business Wire) Deploying one of the first fiat-based payment gateways using money transfers to facilitate ICO payments, FlipNpik also allows the larger community who may be new to bu
Pat Johnson Joins UniPrint Team in Europe19.7.2018 07:35 | Pressemelding
UniPrint.net announced today that Pat Johnson has joined the company to support and develop their EMEA Partner Program, as well as with the promotion of their highly successful Cloud solutions UniPrint Infinity™ and ePRINTit™. Pat brings with him 20 years of experience at Xerox UK where he was instrumental in engaging with software vendors to support Xerox Connectkey products and Xerox Business Partner Channels. In joining UniPrint.net, Pat is well placed to support the continued growth of UniPrint.net EMEA Partners with the UniPrint product portfolio. Pat will hold the new position of MPS Partner & Strategy Manager EMEA, continuing UniPrint’s success in engaging valued business partners towards a modern approach for Software as a Service (SaaS) and Cloud printing solutions. Pat comments: “I am excited to start a new challenge within UniPrint.net and I look forward to working with the EMEA team to further develop their Partner Program. I am fortunate to be joining a respected company w
The Poseidon Foundation: Liverpool Bids to Be First ‘Climate Positive’ City by End of 202019.7.2018 07:34 | Pressemelding
The Poseidon Foundation (“Poseidon”) have signed a ground-breaking partnership with Liverpool City Council in a bid to make Liverpool the world’s first climate positive city by the end of 2020. The city council has signed an agreement with Poseidon to integrate its ground-breaking blockchain-powered platform into Liverpool’s day to day operations. Poseidon’s technology offsets the carbon impact of any product or service by transparently supporting essential forest conservation projects, allowing individuals, organisations and governments to reverse the impact of climate change every day through their activities. Poseidon will be moving its operations to the city in order to play a key role in Liverpool’s new climate positive strategy, which will be trialled over the next 12 months. Poseidon, who are already working closely with Liverpool company BAC Mono to create the world’ first climate positive car, will work with local schools, universities and businesses to develop educational pro