Replies to post #7888 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

BlackStar is not operating in the crypto currency space. 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. Current legislative efforts are attempting to exempt cryptocurrency companies from security regulatory 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.


Bubae
Re: JohnnyRothrock post# 5749
Thursday, December 07, 2023 7:32:44 PM
Post# 5772 of 7899
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173384143&txt2find=cryptocurrency

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.



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=rhJ-kqztWEy2B3h

THE COMPANY MAY FACE REPUTATIONAL HARM, LOSS OF FINANCING, STOCK PRICE VOLATILITY, AND/OR LOW DEMAND FOR SERVICES BY PROXIMITY TO THE CRYPTO ASSET MARKET.

The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well. Although the Company does not believe that any reputational harm, loss of financing, stock price volatility, risk of legal proceedings, and/or low demand for our services will occur as a result of disruptions to and volatility in the crypto asset markets, the Company could nonetheless potentially be harmed as a result of our proximity to crypto asset markets.