BlackStar Enterprise Group Inc (BEGI)

[Bubae]

The Blackstar Digital Trading Platform ("BDTP") defines the system and method patent. For years the company has said that The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS. Why they haven't been able to clear even this one hurdle which is encapsulated in the bottom line single statement in the S-1 offering, "The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations."

The press releases below show that since the SEC guidance in 2020 three years ago, the company is yet to convince any SEC Alternative Trading System (“ATS”) to sign on at least to test? Share selling scheme as always and there is a lot of new shares to be sold in my opinion. Buyer beware.

Q3 2023
For the quarterly period ended September 30, 2023
https://www.otcmarkets.com/filing/html?id=17069009&guid=A0J-knmv0E161Oh
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Overview

The completion of our software platform depends on our ability to license it to an existing Alternative Trading System (“ATS”) or for us to possibly register as an ATS, which we do not intend to do at this time as we would prefer to license our platform to an existing ATS. The platform is not currently operational or in use by anyone. More details regarding the BDTP TM can be found in the most recent registration statement on Form S-1, as amended.

AMENDMENT NO. 10 TO FORM S-1Regulatory Challenges of our Business Concept (BDTPTM)
As filed with the U.S. Securities and Exchange Commission on June 16 , 2023
https://www.otcmarkets.com/filing/html?id=16735041&guid=A0J-knmv0E161Oh

SEC Alternative Trading System
The final significant regulatory challenge involves the Alternative Trading System (“ATS”) as defined under 17 CFR §242.300. We understand the SEC position on digital securities to be that digital assets are required to be traded through an ATS, with which we agree. An ATS must comply with many control, regulatory, reporting, securities, inspection, procedural, and disclosure requirements. The SEC however has not yet proposed regulations for ATS trading of digital securities and is treating ATS applications under existing regulations.


Blockchain First Infrastructure Designed to Enable Public Company Common Shares to Trade as Digital Securities
Monday, 11 September 2023 09:29
https://www.accesswire.com/782422/blockchain-first-infrastructure-designed-to-enable-public-company-common-shares-to-trade-as-digital-securities

We believe that if we are able to secure a contract to host our platform in the next three to six months, that the BDTPTM will be well-timed in the industry; in May 2023, for instance, FINRA approved OTC Markets to permit digital asset securities to be traded by broker-dealers on OTC Link ATS. We currently intend to seek a contractual arrangement such as a license with an existing ATS for a quoting service, similar to the current listing of our common stock with OTC Markets Group. At this time, no ATS has committed to an arrangement. We intend to continue having discussions with various ATS's until we have secured an arrangement that will allow the BDTP™ platform to operate.



BlackStar's Digital Trading Platform Concept Receives SEC Guidance in Q3 2020
Wednesday, 16 September 2020 02:00
https://www.accesswire.com/606207/BlackStars-Digital-Trading-Platform-Concept-Receives-SEC-Guidance-in-Q3-2020

In July 2020, the Company presented the concept to SEC FinHub staff members for regulatory guidance and received the recommendation to apply for Alternative Trading System ("ATS") status. Given that guidance, we are evaluating our options for finalizing the BDTP, including exploring partnerships with existing ATS's. BlackStar will continue to seek further input from various regulatory agencies and OTC Markets on the potential functionality and regulatory aspects of the BDTP over the next several months.