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Is it safe for a legitimate company to offer an asset?
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Author Topic: Is it safe for a legitimate company to offer an asset?  (Read 605 times)

BTCDDev

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Is it safe for a legitimate company to offer an asset?
« on: November 08, 2014, 04:22:55 pm »

My friend is in the middle of creating a startup company and has been having some great success. He has secured a patent, won some grants, and has a viable business plan. I've shown him some of my involvement in crypto, and he is very interested in it. Once I showed him the NXT Asset Exchange, he was really fascinated! He would love to use it as a way to raise some capital and to bring even more legitimacy to the AE by having a fair valuation of his company and being honest with investors, unlike the high number of scams we have seen recently.

I am happy to help him with this, as I believe in NXT as being viable long-term. My question is, with the recent SEC crackdown on unregistered securities, what are the risks of a real life company, based in the US, creating an asset on the exchange? Would he have to register somewhere, tax wise? This is all very new and I'm not sure of the implications.
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lopalcar

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Re: Is it safe for a legitimate company to offer an asset?
« Reply #1 on: November 08, 2014, 06:00:00 pm »

Try ask to DroneMinePR via nxt AM, seems they had trouble with US regulation and nxt asset exchange, see the dronemine thread in this forum. His account is NXT-NS43-UEQN-XKP9-4BNKQ , maybe they can give you some hints about this topic :)
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Darkhorse

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Re: Is it safe for a legitimate company to offer an asset?
« Reply #2 on: November 08, 2014, 06:11:26 pm »

My friend is in the middle of creating a startup company and has been having some great success. He has secured a patent, won some grants, and has a viable business plan. I've shown him some of my involvement in crypto, and he is very interested in it. Once I showed him the NXT Asset Exchange, he was really fascinated! He would love to use it as a way to raise some capital and to bring even more legitimacy to the AE by having a fair valuation of his company and being honest with investors, unlike the high number of scams we have seen recently.

I am happy to help him with this, as I believe in NXT as being viable long-term. My question is, with the recent SEC crackdown on unregistered securities, what are the risks of a real life company, based in the US, creating an asset on the exchange? Would he have to register somewhere, tax wise? This is all very new and I'm not sure of the implications.

I think its best to approach SEC first to know what are their procedures etc since you say the word legitimate. Maybe we can have a good picture on it too and work towards that.
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