Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ⚽️ FansUnite ⚾️ Sports Betting on the Blockchain
by
duncan-fansunite
on 23/10/2017, 22:35:36 UTC
I've heard some ICOs are having problems with being labeled as securities, opening them up to much more scrutiny and regulation. Is your legal team taking the proper steps to differentiate FansUnite from that?

Yes, definitely. Though there are still a lot of aspects surrounding the securities/utility/token issues that are undecided, we feel that we have taken appropriate steps to avoid being labeled a security. Ultimately, it will be up to the regulator to decide. However, we are confident that our legal team (Isolas LLP and Segev LLP) have taken the appropriate steps. I am a lawyer as well and have reviewed everything. Our operating company and the company conducting the token sale is based out of Gibraltar, so it will be up to the relevant regulators there.