BlackStar Enterprise Group Inc (BEGI)

[Bubae]

More ongoing regulation activity primarily focused on crypto currencies. That article shows that they are still trying to create a structure for this segment. The company admits that they developed the patent and trading platform product before the SEC 'adopted rules or regulations specific to the digital securities industry nor any regulations involving blockchain or distributed ledger transactions' The wheels of government turn very slowly and it would appear that they are just getting started.

The pro-crypto bill is one of at least 50 floating around Congress since 2022, which has been hamstrung in 2023 without a speaker in the House of Representatives.

The bill covers an array of actions the commerce secretary must take if passed, including making best practices, policies and recommendations for the public and private sector when using blockchain tech.


AMENDMENT NO. 10 TO FORM S-1
https://www.otcmarkets.com/filing/html?id=16735041&guid=7DJ-keSL49Y4B3h

SEC Approval

Our first regulatory challenge is seeking the approval of the Securities and Exchange Commission (“SEC”) of our concept for a security that could be traded on the BDTPTM because the SEC has not yet adopted rules or regulations specific to the digital securities industry nor any regulations involving blockchain or distributed ledger transactions. The SEC has chosen to enforce its existing anti-fraud laws and the registration rules and regulations. Accordingly, we must work through an undefined SEC approval process for our proposed system. We anticipate many comments and questions from the SEC during any approval process for the BDTP platform. We anticipate that could take one to three years to complete the approval process for the BDTP platform.