KUALA LUMPUR, March 26 (Bernama) -- CryptoSecurities Exchange LLC
(CSX) will be the world´s first blockchain-based national securities exchange
registered with the United States Securities and Exchange Commission (SEC).
The difference between current securities trading exchanges and a blockchain-based exchange are access, cost, speed and transparency.
CSX, in a statement, said the company would be operated under the state of Delaware´s new cryptosecurities law, which allows stock to be digitised and transferred electronically via a distributed shareholder register in a blockchain-based private network.
The company seeks to digitise the shareholder registers of every over-the-counter company in the United States for no cost.
The network is a self-regulating, fully transparent and code-regulated blockchain-based national securities exchange for Main Street, not just Wall Street.
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 to automate the legal compliance.
The CSX online trading platform will directly connect investors with entrepreneurs, small businesses, and companies throughout the United States.
CSX has registered as a Regulation D Exempt Offering and registered with FinCEN as a Registered Money Services Business.
The company also 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 is in the process of establishing a SuperPAC to push its agenda in the US Congress.
For more information on the company, visit www.CryptoSecurities.Exchange
-- BERNAMA
The difference between current securities trading exchanges and a blockchain-based exchange are access, cost, speed and transparency.
CSX, in a statement, said the company would be operated under the state of Delaware´s new cryptosecurities law, which allows stock to be digitised and transferred electronically via a distributed shareholder register in a blockchain-based private network.
The company seeks to digitise the shareholder registers of every over-the-counter company in the United States for no cost.
The network is a self-regulating, fully transparent and code-regulated blockchain-based national securities exchange for Main Street, not just Wall Street.
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 to automate the legal compliance.
The CSX online trading platform will directly connect investors with entrepreneurs, small businesses, and companies throughout the United States.
CSX has registered as a Regulation D Exempt Offering and registered with FinCEN as a Registered Money Services Business.
The company also 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 is in the process of establishing a SuperPAC to push its agenda in the US Congress.
For more information on the company, visit www.CryptoSecurities.Exchange
-- BERNAMA
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