Well then you are in a labyrinth of European law that seemed to me be quite complex to analyze (mix of deference to national laws mixed with EU harmonization), so I punted on the analysis and just assumed it is eventually headed to harmonization with the USA over time and thus I don't want to sell what would be defined as an unregistered security under USA law (especially given I am a USA citizen).

If you guys under legal counsel have decided to proceed under EU law, I have nothing more to say.

Thank you.

Edit: knowing that you are operating under EU securities law, readers should be cognizant of the fact that you will I assume be required to limit discussion around such legal issues to certain presentations. Thus readers perhaps could consider not to necessarily interpret presentations as deception (but again I can't advise anyone and each reader should consult their own attorney). Again I am not well versed on all the specific accusations against Iota/JINN raised in this thread and have no opinion on those accusations. I was merely sharing my layman's musings (IANAL) about cryptocurrency securities law status in general.