Is it still cryptocurrency? Not, it's just buying (high risk, unregulated) shares in crypto exchange - correct me if I'm wrong pleeeease...
We will register Bitkapital Exchange in the Turkish Republic of Northern Cyprus, where cryptocurrencies are not regulated, allowing us to pursue our operations through the use of a crypto-platform.
On the other hand, ICOs seem to be turning into regular IPOs with the only difference being "no regulations by any authority".
@tomkat,
We do not claim these shares to be a cryptocurrency. The "ICO" we use stands for Initial Crowd Offering, as is used by many in the crowdfunding arena. So yes, this is a high-risk investment, and it is obviously so, as with the all investments you may find in the cryptocurrency ecosystem.
As for Northern Cyprus, we will be a company and to be sure, companies are regulated. It is just there is no specific legislation concerning the use of crypto-securities. Thus, before the law, it does not matter whether you use paper warrants or digital warrants in the form of a crypto-asset.
Best,
Jian
Well, companies are regulated indeed, however, IPOs and generally capital asset markets are even more regulated in most of the countries. There're tons of procedures you need to follow in order to be allowed for collecting money from investors.
What you're trying to do is to not proceed with accordance to all those regulations, and get the same result which is getting capital from the market for quasi-shares that you call "crypto-securities". You can obviously try to do it, no problem for me. Just let's make things clear for everyone - especially for all those kids looking for quick profits :-)
