'There is a system of policies built of red lights and glass walls, in which a good-willed founder has no means to get clarity as to what he or she is actually allowed to do.' Opinion zoeadamovicz
. But the hack is that, despite Europe theoretically having one common market, those licenses are not recognized in other European jurisdictions.
: “Registration under the TVTG is effective exclusively in Liechtenstein; passporting according to the model of European financial market laws is therefore not possible.”70% out of 2,000 Estonia virtual asset service provider licenses were revokedStill, all those countries remain very vigorous in promoting themselves as blockchain-friendly.
After the offering closed, we received a harsh warning from FMA that we were possibly breaking laws and that penalties, including potential criminal offense could apply. We got accused of operating without the necessary financial license. Evading discussion of merits through discrediting blockchain companies, is regulators’ common posterior protection tactics
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