What is https://cryptostocks.com ? | Bitcointalksearch.org

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: Cryptostocks on October 11, 2012, 05:55:42 AM

the domain name should not be the issue. should the SEC consider our platform subject to their regulations then the question will be whether we operated in the US and if we offered our services to US citizens who may not be entitled to use these servixes. To be on the safe side we relocate ansd bring up a prominent disclaimer about the users obligation to check the legality of using our platfotm.

Canada's probably a good first step. It's not legal to run an unlicensed exchange there either, but at least it's not right under the nose of the SEC.

I still haven't figured out the final resting place of LTC-GLOBAL.

Cryptostocks

member

Activity: 195

Merit: 10

the domain name should not be the issue. should the SEC consider our platform subject to their regulations then the question will be whether we operated in the US and if we offered our services to US citizens who may not be entitled to use these servixes. To be on the safe side we relocate ansd bring up a prominent disclaimer about the users obligation to check the legality of using our platfotm.

Jurek

member

Activity: 117

Merit: 10

Would perhaps namecoin's .bit domain prevent issues with authorities more than moving servers to Sealand?

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Host it on Sealand.

Cryptostocks

member

Activity: 195

Merit: 10

Quote from: burnside on October 11, 2012, 01:00:49 AM

Quote from: Cryptostocks on October 11, 2012, 12:35:00 AM

The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later.

Where's it moving to?

Canada at this stage. Once we settle the options for incorporation then that will depend on the final country of incorporation.

Burnside: What are your plans regarding litecoinglobal.com?

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Quote from: burnside on October 11, 2012, 01:00:49 AM

Quote from: Cryptostocks on October 11, 2012, 12:35:00 AM

The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later.

Where's it moving to?

Might want to drop the .com also.

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Quote from: Cryptostocks on October 11, 2012, 12:35:00 AM

The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later.

Where's it moving to?

Cryptostocks

member

Activity: 195

Merit: 10

The hosted infrastructure will be leaving the "land of the free" on the coming weekend or latest a week later.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

It is very dangerous to operate such a venture if it is indeed hosted in the "land of the free".

scrybe

sr. member

Activity: 350

Merit: 250

Quote from: burnside on October 10, 2012, 12:36:18 PM

I think there needs to be an awareness of the legality of these things if we are to avoid another GLBSE implosion.

+1

burnside

legendary

Activity: 1106

Merit: 1006

Lead Blockchain Developer

Bumping this. Garr's questions were never answered in the linked thread. In that thread I have asked:

Quote from: burnside on October 10, 2012, 12:33:07 PM

In light of the recent GLBSE debacle, I have some questions that I suspect need to be answered before anyone continues to use the exchange.

1) Where is Cryptostocks registered as a business.

2) Where are the Cryptostocks servers located? (Cursory search says Texas, USA)

3) Who is actually operating Cryptostocks? (I can understand if you do not want to answer this, however people should know if you are not willing to reveal the identity of your CEO.)

4) Under what regulatory body does cryptostocks operate? (List here: http://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country)

5) How is cryptostocks helping its Asset Issuers comply with their local laws? Are you giving them even a cursory warning "Issuing Securities is illegal without registration in most countries." ?

Thanks!

I think there needs to be an awareness of the legality of these things if we are to avoid another GLBSE implosion.

mollison

full member

Activity: 157

Merit: 100

There is alread a thread about this.

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

I think it is owned by the creators of vircurex.

Garr255

legendary

Activity: 938

Merit: 1000

What's a GPU?

These questions are directed toward the creator of the exchange:

What is the advantage of using this exchange over GLBSE? Why should we trust the creator of it? Who is the creator of it?

Even if it turns out to be a legitimate trading platform, the only advantage I see here is being a part of something new.

Topic: What is https://cryptostocks.com ? (Read 1835 times)