Encrypted Currencies or “cryptocurrencies” have seen serious development and iteration within the last 8 years, starting with bitcoin in 2008. Bitcoin started as a thread on an email list from a mysterious creator (or group of creators, no one knows for sure) who suggested a white paper on digital cash. From this point, it went from relative obscurity to a force in the economic world with a multiple billion dollar market cap.
An alternative currency (also known as altcoin) is any coin except for Bitcoin, and there are hundreds of them. Many of them have no merit whatsoever and are merely a fork of another currency. (A fork means the code repository was “forked” or copied and new development was started from that point, as opposed to built from scratch for a specific purpose).
The underlying technology of digital assets is the blockchain,essentially a shared ledger (also known as a shared ledger or a permissioned ledger) that makes it easier to achieve consensus. There are many different projects that utilize blockchain technology, both with and without a native currency.
ICO or Initial Coin Offering is the unregulated means by which a start-up raises funds to start, develop or complete its cryptocurrency or its block-chain based software projects. Avoiding the difficulty and the rigorous and regulated processes to obtain funds through banks or venture capital investors.
Explaining it in a simple way, the startups release tokens on a new cryptocurrency, that investors buy through existing digital currencies, usually Bitcoins or Ethers, or legal tender. So, the start-up can obtain financing for the development of the project. And investors expect those tokens to increase in value and get a high ROI.
If you are an entrepreneur and you wish to start your own digital asset with an Initial Coin Offering, we provide ICO consulting including tax and legal structuring to remain compliant with the laws in various jurisdictions.
Learn more about Digital Assets, Blockchain, Cryptocurrencies and Initial Coin Offerings in our articles below.
What Token Issuers and Exchanges should consider when undertaking an Initial Exchange Offering (IEO) Initial Exchange Offerings (IEO) have become a popular means of raising funds for blockchain startups, replacing ICOs, which have seen a
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What the Singapore Payment Services Act means for Fintech and Crypto Businesses Flag Theory Weekly Letter – Monday January 21st, 2019 Singapore is one of the most important financial centers worldwide and the Asian hub
Where to set up a Tokenized Fund Flag Theory Weekly Letter – Friday, October 19th, 2018 In a previous letter, we discussed why the crypto fundraising trend is turning from utility to security tokens and
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Labuan - The best 'unknown' place to set up a crypto startup [UPDATE - January 2019 - On January 15th 2019, Malaysian's Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019
Flag Theory Weekly Letter – Friday, September 14th, 2018 Post-ICO Company Structuring, Banking, Asset Protection, and Team Tokens Distribution When performing an ICO, the main focus of the team is marketing and business development. These
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Why you should consider setting up your regulated crypto exchange in Gibraltar Flag Theory Weekly Letter – Thursday, June 21st, 2018 About 20 years ago, Gibraltar, a tiny overseas British territory located on the
Utility or Security Token? First and most important rule of doing an ICO: Know Thyself Flag Theory Weekly Letter – Thursday, May 17th, 2018 ICOs are currently on the everyone’s minds. In 2017 they exceeded venture
Where to start your Cryptocurrency Business Flag Theory Weekly Letter - Thursday, April 25th, 2018 The cryptocurrency and blockchain space will see increased regulation and government oversight as tokenizing assets is a trend that will
More affordable Second Passports, AEOI, and Cryptocurrencies Flag Theory Weekly Letter - Thursday, April 19th, 2018 It has been a while since I last wrote to you, I have been really busy starting a new
What you should know before participating or launching an ICO Today I want to tell you about the Initial Coin Offering ( ICO ) madness. What is an ICO Traditionally, technological startups went to banks and venture
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The DAO Hack YOGYAKARTA - Last month, a decentralized venture capital fund called The DAO, or Decentralized Autonomous Organization, closed a $160 million funding round. Investors from around the world sent either to a specific
Most recently Flag 6 deals with internet privacy and protecting yourself online. Digital assets is a new flag (Flag 7) dealing with cryptocurrency and new forms of electronic money. We have named this Flag Digital Assets as it deals with both cyrptocurrency and the blockchain. This article aims to be a guide on all things digital assets, from bitcoin (the first successful decentralized digital cash implementation); to altcoins (alternative iterations of bitcoin) to the coming blockchain revolution.
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