Estonian crypto-cash companies can not coordinate work with supervisory authorities
Publishedо 31 July, 2018
The Estonian company Nordcoin Mining OU postponed for an indefinite period the initial placement of the tokens due to the lack of explicit comments from the Office of Financial Supervision of the country. Initially, the ICO was scheduled to the beginning of the current week.
Container park for e-currency production is located in the territory of Viru Keemia Grupp - Estonian holding company working in the sphere of extraction of shale fossils, energy, and utilities. The initial placement was postponed due to the lack of clear answers from EFSA on the legal side of the company's work.
The Federal Supervision Service gives only general explanations and recommendations for the ICO since the scheme of Nordcoin's work is incomprehensible. The existing business model assumes investment in the company just from the part of the co-owners, if the public offering of securities and attraction of investments from the side are carried out, this project must be registered with the commercial inspection.
Source: baltic-course.com
Container park for e-currency production is located in the territory of Viru Keemia Grupp - Estonian holding company working in the sphere of extraction of shale fossils, energy, and utilities. The initial placement was postponed due to the lack of clear answers from EFSA on the legal side of the company's work.
The Federal Supervision Service gives only general explanations and recommendations for the ICO since the scheme of Nordcoin's work is incomprehensible. The existing business model assumes investment in the company just from the part of the co-owners, if the public offering of securities and attraction of investments from the side are carried out, this project must be registered with the commercial inspection.
Source: baltic-course.com
