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For all we know eth could be delayed once again
@DianaSafi any idea what will happen when it comes to if management will select EOS or ETH ? Keep in mind eth sharding and pos is delayed to January 2020...and there is no guarantee that it wont be delayed even further. From that point if view...why not just go with eos and get the token swap done.
I would have selected Switzerland and there would not be any legal issues
Moreover, there are no compulsory AML duties for the direct primary market issuer of security tokens to comply with. Finally, while centralized exchanges do need a secondary market licence — such as the currently proposed DLT Trading Facility license — per to peer transactions remain unregulated; and, as a consequence, also fully decentralized exchanges.
The above text applies to Switzerland
No licences and no prospectuses are required for direct primary market issuances, the only requirement being a very simple “civil law prospectus” which implies civil law liability in case of unfaithful declarations by the issuer. Although, a simplified “regulatory” prospectus will be required from 2020.
Not sure why Estonia was selected. There are other European countries that are easier to operate in like Switzerland
But its a good thing that HOQU is working towards getting a license. This would make things alot smoother moving forward and also make customers less hesitant to using the platform and the token itself.
This goes back to improving communication and providing relevant information so that everyone knows why a decision is made. This leads to less questions and people panicking
this information should have been made available , a much better explanation then what was given at the time.