Quote from: Rannasha on July 06, 2013, 04:50:45 PM

Quote from: Ira H. Fuchs on July 06, 2013, 03:47:05 PM

Quote from: dexX7 on July 06, 2013, 03:33:55 PM

Quote from: Ira H. Fuchs on July 06, 2013, 03:09:10 PM

good morning, What is a virtual stock this is a news to me. What brokers deal in these types of instruments thanks..Ira

Here we go:

Quote

Why would I want to invest in a virtual currency company?
To expand your BTC virtual currency fortune of course! Or something more noble, like funding a project for a greater good.

Is it legal for this exchange to operate?
Most countries require real securities exchanges to register and abide by a very strict set of rules. Obviously we do not have the funding to afford such registration or the overhead of administering such rules. In addition, no single country would allow such an exchange to operate globally. As such we have taken the following approach to the operation of the site:

No assets on the site are to be considered real.
The use of this site is for educational and entertainment purposes only.
If an asset issuer on this site defaults, you have ZERO RECOURSE. (not like you have any recourse in most international BTC situations anyway.)

Is it legal for me to use the site?
Most countries will have no problem with you using a securities simulation site, even one that uses digital virtual currencies. There are multiple examples of virtual goods exchanges in operation around the globe, most of which are better funded in the legal department than this one. It is largely on the backs of these giants that we believe we are in the clear. We also believe that everything digital has some value to someone, and trying to artifically limit what "virtual" or "digital" belongings people are allowed to trade or play games with is simply not going to be possible. Of course, please let us know if you believe your country may have an issue with it and we will post prominent warnings. We do ask that you keep the following in mind at all times:

No assets on the site are to be considered real.
The use of this site is for educational and entertainment purposes only.
If an asset issuer on this site defaults, you have ZERO RECOURSE. (not like you have any recourse in most international BTC situations anyway.)

Why should we trust this site after so many others have failed?

We are different in several key ways:

We do not pretend that we are a real registered exchange.
We do not pretend the assets on the site are real.
We are a real company, registered in Belize.
We are transparent. We do not lock you into using our site. Every asset issuer receives a daily email showing who is holding their assets. This allows them to move their virtual operation off the site to anywhere
else they might choose.

https://btct.co/faq

good morning, Who runs this exchange, and where is the registering agent contact information as required by law thanks..Ira

Burnside runs the exchange. And since it is advertised a virtual exchange, not a real one, it doesn't fall under those parts of the law. The company that operates the exchange is registered in Belize. I'm sure you can find contact info on the site somewhere ^^

good morning, There is no contact information on your website. I'm surprised no one has brought this up already...Ira