The poor little thing had not obtained legal education before acting.

The FCA's position on crypto derivatives is at https://www.fca.org.uk/news/statements/cryptocurrency-derivatives and bonds particularly are mentioned in https://www.fca.org.uk/publication/feedback/fs17-04.pdf .

We will follow the issuance process as specified by the https://www.fca.org.uk/markets/ukla wherever applicable. Examples of a substantial fiat bond documentation are available at https://marketsecurities.fca.org.uk/ and for an informative overview of UK bonds, an excellent resource is https://www.wildy.com/isbn/9781912363100/clp-legal-practice-guides-banking-and-capital-markets-2018-paperback-a4-college-of-law-publishing .

I propose to issue bonds on https://counterparty.io/ like e.g. https://xchain.io/address/1Pg37Kbjfs7uw4ifZtU7rbHNPWFjMhYowk or other platform if more suitable.

Bond terms will need to be decided:
- how to supplement for a credit rating (no rating agency in place as of yet)
- the amount
- return on investment
- when redeemable
- bondholders' rights in the case of default
We are happy to help issuers with the specification of their requirements. As to our remuneration, it will be in principle based on a combination of fees and commissions and I propose to finalise it together with the issuers.