Dear Community,

RE: Blocknet & BitSwift

The Blocknet Foundation will be registered as a legal entity in due course. This will bring it further accountability,
and will ensure that the public have all the traditional legal and civil protections afforded them by society.
Furthermore, in order for participating coins to offer certain services (particularly those involving B2B contracts
and/or money transmitter services), it is necessary for them to register as legal entities too.

BitSwift is the first to do so, having registered a software development company in Canada. Its Canadian Provincial
Business License can be found here: http://i.imgur.com/I9JDIzq.jpg (business number to be issued when the registration is approved). This will be the first document uploaded to SwiftExist https://mega.co.nz/#!K4sGgC6J!8_FXa1dYJLZp6866fSJiZDzoDF4SPewTZEtEnKscjUQ (a data ownership, timestamping, and document integrity service) once the service launches. Using SwiftExist as a productivity tool remunerates BitSwift nodes by destroying tiny amounts of currency, decreasing the money supply and thus increasing the value of each coin.

Read more here:http://downloads.xc-official.com/images/14-11-05%20The%20Blocknet-%20ITO%20rules%20and%20accountability%20measures.pdf

Thank You,

-BitSwift