Things that are actually securities in liechtenstein are passportable to other European countries that do have stock exchanges.
I think that was a very reductive and inaccurate comment on a multifaceted topic
Your response: "Digital asset exchanges and issuers already exist in Liechtenstein."
Why do you conflate the two? Is it intentional or due to lack of understanding? L. is trying to make money on ICOs because it does not have anything to lose with regular financial markets.
> I think that was a very reductive and inaccurate comment on a multifaceted topic
And I think that was an attempt to intentionally complicate a simple topic.
Crypto can be used as an investment in a form of an ICOs and that should be registered.
It can also be used as a currency instrument for (mostly illegal) transactions. When used as such it does not need to be registered.
You’re right in that they don't have one and have little to lose by creating digital securities and digital assets clarity.
Liechtenstein’s law isn't only about cashing in on ICOs. It covers digital securities as well, which Europe’s other securities exchanges are not equipped to handle.
There is only upside for them to provide a clear framework for digital securities and digital assets, making it easier for an issuer to choose and regulatory clarity for all participants
We speaking the same language yet?
L's population is around 35 thousand. It's like City Council of Menlo Park CA gaining a status of a sovereign state and then making venture capitalists from Sand Hill Road exempt from SEC rules. L is trying to make a buck by being more permissive because they have nothing to lose otherwise.
> We speaking the same language yet?
I suppose we do. English that is :)
Its nice to see people applying themselves very well
Yes its like if Menlo Park was sovereign but also had economic unions negotiated with DC and the rest of North America, you would find that very convenient
If you are in the business of offering furtive financial services it makes total sense to stay abreast with the times and add crypto to the portfolio. It's a great instrument for both money laundering and tax evasion.
some of the largest public companies and hedge funds are incorporated in cayman islands. the obvious rebuttal would be that they too are vehicles for money laundering and tax evasion, but also everything else because the point is that you can't distinguish when a state doesn't use its resources demonizing transactions