Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] BANKERA - the Bank for the Blockchain Era
by
Papartynas
on 16/02/2018, 16:57:18 UTC

[/quote]

Hello,

We do not need to register any prospectus because we have never promoted Bankera in the Lithuanian territory. Also, our law company is in process to answer all relevant questions.
What you read in the article is basically a warning for news agencies; they should not promote ICO's in Lithuania.
[/quote]

Well you should have consulted a lawyer, as Spectrocoin and Bankera are (1) physically operating in Lithuania (2) have given interviews in Lithuanian press regarding the ICO (Verslo žinios if I remember) (3) owners are incredibly naive if they believe that they will be able to get away with "the ICO is not intended for the sale in Lithuania". Because if Bankera/spectro will take this thread of reasoning, the Bank of Lithuania might take the line of shutting your offices down for selling securities without the prospectus and the possibility that the funds will be stolen (and they already have the know how of doing it over the weekend like with SNoras/Ūkio banks and certain Credit Unions). So if you are not taking the legal requirements seriously, then there will be no bank here, as banking does not exist outside of the Law.