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Bermuda gets first legal Security Token named FIRE

the As the first of its kind, the Ministry of Finance of Bermuda has recognized the Security Token to FIRE as a fully legal, digital securities. This is the Bl

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Bermuda gets first legal Security Token named FIRE
the As the first of its kind, the Ministry of Finance of Bermuda has recognized the Security Token to FIRE as a fully legal, digital securities. This is the Blockchain-the Start-up TribeOS, the publisher of FIRE announced last week on the Bermuda Security Token Summit. The advertising company provides in advance the way for a successor paved.

By David Barkhausen
26. March 2019BTC$3.931,77 -1.21%part Facebook Twitter LinkedIn xing mail

palm trees, beach, financial transactions – many of the island Paradise of Bermuda as an international tax haven known. Since last year, the dwarf state of moults but also as a pioneer in the public acceptance of crypto-systems and digital securities. In 2018, the legislature had declared to want to the way for companies and investors. After last year, the first Initial Coin Offering (ICO) has been carried out in the country, celebrates the island is now a second Premiere.

As the Blockchain-Start-up TribeOS announced in the last week on the Security Token Summit, has approved the competent Ministry of Finance, the Security Token Offering (STO).

The digital value of paper FIRE works similar to a capital investment. Because TribeOS pays the owners of both a share in the sales of its block-chain-based advertising platform, as well as a dividend to the General success of the company. This has been written on the Flag, using Blockchain Software advertising fraud on the Internet to combat trafficking.

TribeOS co-founder James Wallace in the step of the Ministry of Finance, the Potential for the future of other digital securities.

We are witness to, as a bridge between traditional capital and emerging digital economies in front of our eyes. [However], today's reality is possible only because of crypto-currencies and other digital securities will be strictly monitored.

He praises the authorities as a "pioneer" for the global Transformation of economies.

What is STOs?

Security Token – tokenized securities – are the new Trend in the Blockchain-the universe. Unlike ICOs, the tokenization, however, follows a completely different logic. Security tokens work as a block chain-based investment. Holder can be expected, depending on company and project dividends and yields. At the core of Security tokens are digital securities and is not a “Blockchain-coupons” such as Utility tokens that can be exchanged for services.

The result: STOs, for example, allow a quasi-cooperative funding and participation of a broad range of asset classes. These range from real estate stock funds and works of art. Observers see benefits. So there are, in particular, medium-sized companies, where the IPO has so far remained denied, and the use of digital securities have a viable means at Hand to collect capital.

But a second aspect is different currencies, the digital securities of ICOs, and many of the Crypto. Because most of the tokens explicitly as securities, they are subject to the regulations of the competent authorities. At least the attitude of the US securities regulator, the SEC looks like. This is not only interesting for companies to gather the necessary start-up capital. Also investors the regulatory security covers the back.

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