Re: [ANN][Private-sale] |DUSK Network| Security tokens, privatechain, Bitfinex!
Everyone will be able to launch a token on Dusk Network, however, it's mandatory to be regulatory compliant as AML/KYC registration is build into the protocol.
You mean that the person who launch the token in the dusk network has to do build in kyc? (still haven't got a clue how that works). And the person buying the token is probably required to do the kyc by the exchange that trades the token?
We are developing on top of Dusk a new token standard, with configurable confidentiality, which we intend to use to allow issuance of confidential security tokens. Basically the idea is to separate the confidentiality of the cash transactions (thus preserving the fungibility of DUSK) from that of asset ownership transfers, where the purchaser of an asset/security needs to satisfy KYC requirements at protocol level to complete an ownership transfer. The KYC procedure/provider is left to the token issuer and the asset purchaser has the capability of disclosing the transaction details to the authorities, on their request.
Ah, now i got it, thanks. If i only understood half of the whitepaper as well. Every time i skim it, i am thinking to myself "I know some of those words"
