Replies to post #8497 on BlackStar Enterprise Group Inc (BEGI)

[Bubae]

What may be good for cryptocurrencies will have no effect on what Blackstar does. The cryptocurrency segment have lawsuits against the SEC because the SEC has taken the view that 'crypto assets are securities' and must comply with securities laws. Blackstar's method patent and trading platform is dealing with securities and must comply with securities laws.


Bubae
Re: JohnnyRothrock post# 5749
Thursday, December 07, 2023 7:32:44 PM
Post# 5772 of 8497
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173384143&txt2find=%3Cspan%20style=

...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.

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.