British Virgin Islands:
Appleby Advises Ifinex On Its USD 1bn LEO Token Offering
To print this article, all you need is to be registered or login on Mondaq.com.
Appleby acted as BVI legal advisers to iFinex on the private
token sale of LEO tokens, which commenced on 8 May 2019.
iFinex's Chief Technology Officer, Paolo Ardoino, took to
Twitter to announce that the sale had raised approximately USD 1
billion in 10 days. The sale of LEO tokens was made privately to
select purchasers who met the qualifications set out in the
purchase documentation.
iFinex began operations in 2012 and, among other cryptocurrency
and cryptoasset-related products and services, operates Bitfinex,
one of the world's largest virtual currency trading platforms.
The LEO tokens were issued by a newly formed BVI subsidiary of
iFinex, Unus Sed Leo Limited, and are intended to be utility tokens
at the heart of the iFinex ecosystem.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from British Virgin Islands
Crypto Bull Run
MK FINTECH PARTNERS LTD
Have been following the recent Crypto Bull Run? In this article, Max Frilot provides a brief but well-rounded explanation of the bull market together with expert advice and predictions of what that means for the future of cryptocurrencies and crypto markets.
EU Artificial Intelligence Act
George Z. Georgiou & Associates LLC
In a groundbreaking move in early December, the European Council and the European Parliament reached a provisional agreement on the text of the EU's new Artificial Intelligence Act, ...
Crypto Regulation In Offshore Jurisdictions
MK FINTECH PARTNERS LTD
In this article, Max Frilot outlines crypto regulation in offshore jurisdictions. Specifically, in the Seychelles, the British Virgin Islands (BVI), and the Cayman Islands.
Fintech: An Offshore Perspective
Harneys
FinTech lending is a decentralised form of lending which relies on technology and digital solutions to facilitate the process of soliciting applicants...