BlackStar Enterprise Group Inc (BEGI)

[Bubae]

What is funny is that the cryptocurrency segment using this blockchain technology have lawsuits against the SEC because the SEC has taken the view that 'crypto assets are securities' and must comply with securities laws. The SEC is suing these cryptocurrency companies because they are not in compliance with the current rules. Guess what, what BlackStar is squarely in the actual regulated securities space and are also currently not in compliance mostly because the rules are yet to be established. Digital-asset cryptocurrency issuers may get an exemption from securities laws but you can bet a company dealing with actual securities will not.


https://cointelegraph.com/news/blockchain-promoting-bill-passes-us-house-committee
The act, however, isn’t seen as being among those having a potentially major impact, such as the Financial Innovation and Technology for the 21st Century Act, which would affirm a process for the contentious issue of labeling cryptocurrencies as commodities or securities and clarify regulator jurisdictions.

SEC lawsuits against cryptocurrency companies raise questions about industry’s future
BY FATIMA HUSSEIN, KEN SWEET
Published 11:00 AM EST, June 11, 2023
https://apnews.com/article/cryptocurrency-sec-treasury-banking-binance-coinbase-53b0aaac91df229f28756e2fb8e7f846

“With the SEC taking a strong enforcement agenda, there is no question that firms have to take the view that crypto assets are securities and platforms that exchange these assets have to accept that.”

New legislation would grant digital-asset issuers an exemption from securities laws if they meet certain conditions and would exclude digital commodities and payment stablecoins from the definition of a security under the securities laws, among many other provisions.


AMENDMENT NO. 10 TO FORM S-1
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=7DJ-keSL49Y4B3h

Regulatory Challenges of our Business Concept (BDTPTM)

BlackStar has always recognized that digital equities must be registered or otherwise have an exemption from registration within the existing SEC regulations and guidelines. BlackStar’s aim is to develop BDTPTM, a digital share trading platform, to trade free-trading BlackStar common stock only. The regulatory challenges presented come from integration of the platform into the existing broker-dealer ecosystem, approvals/advice of and compliance with the rules and regulations of OTC Markets Group, SEC, FinCen, IRS, anti-money laundering rules, or FINRA. These rules encompass the functionality of the system, cybersecurity laws, and state and federal financial laws. No assurance can be given that such regulatory approvals will be obtained in a timely manner or at all.