WAVES | Ultimate crypto-tokens blockchain platform | SMART CONTRACTS COMING!

[nakata90]

When market volatility Altcoin start I began to look to a potential coin, BTC, ETH, ETC, DGB is the coin I was holding and accumulating. And now when you see the coin Waves is the potential that I will come to enrich the profit. Thanks for sharing the article about Waves.

[1713560819]

1713560819

[AztecGoldHero]

Lets show the power of waves community.

We are close to moon shot before ng comes. End of this week waves probably will start its big movement. Last days to buy dips.

[Turing]

Source: https://www.coindesk.com/ico-ban-canadas-regulators-giving-one-token-sale-big-break

PDF released by Autorite des marches financiers (AMF): https://lautorite.qc.ca/fileadmin/lautorite/bulletin/2017/vol14no18/vol14no18_6-6.pdf

Impak website: https://mpk.impak.eco

ICO Ban? Canada's Regulators Are Giving One Token Sale a Big Break

As China moves to ban initial coin offerings (ICOs), a regulator on the other side of the world is taking the polar opposite approach.

Far from imposing penalties and refunds, Quebec's regulator for financial institutions, the Autorite des marches financiers (AMF), is seeking to better understand the blockchain use case – if not altogether encourage it. In fact, the AMF has not only determined that a token sale by Impak Finance, a platform for investing in socially responsible enterprises, is a security, it has gone so far as to accept the company into its regulatory sandbox.

With the news, Impak Coin becomes the first project to launch in the AMF's sandbox, announced earlier this year, and the first regulated ICO based in Canada.

Most notably, however, the AMF is also showing a willingness to bend certain rules for the sale, relieving Impak from several requirements securities issuers would normally be subjected to for investor protection purposes.

And according to Patrick Theoret, a director in AMF's corporate finance division, the regulator believes that's the best strategy for approaching new and novel tech.

He told CoinDesk:

"It’s in the spirit of the sandbox that we are willing to alleviate some of the requirements on, sort of, a test case basis. It's a test run to see whether there are investor protection [issues] with the relief that we grant."

Looking ahead, AMF will serve as the principal regulator to the token, and Canada's other provinces and territories will honor the decision via the Canadian securities passport system, which allows the startup access to all markets in the country while only complying with their principal regulator.

Catching up

Announced earlier this year by the Canadian Securities Administration – a consortium of provincial securities regulators – the sandbox is meant to jumpstart fintech projects that don't easily fit within the confines of a legacy framework. And ICOs, a nascent fundraising mechanism by which new cryptocurrencies are created and sold to investors, fit this definition.

In this light, Paul Allard, president of Impak, said the decision to participate in the sandbox was straightforward.

"I had been working with the regulators for several years prior to Impak Coin, and I knew that they were keen in adapting their regulatory framework to catch up with the cryptocurrency sector," he said.

But the decision was also a necessity since AMF determined Impak Coin – which will be used to power Impak's platform – met its definition of a security. Specifically, it's a contract in which there is an investment in a common enterprise with the expectation of profit on the efforts of others.

Yet, as this ruling could come down on other ICO projects in the country in the future, AMF representatives said Impak Coin is serving as a de-facto test for a new kind of business onramp.

Granting relief

But while impactful for regulators, it's the relief granted to Impak that might be most notable for innovators and entrepreneurs.

Firstly, Impak will not have to register as a securities dealer, provided certain terms and conditions – such as know-your-customer screenings – are met, according to Sophie Jean, director of supervision of intermediaries at AMF.

Plus, because of its categorization as a security, the token distribution is supposed to come with a prospectus – a printed document describing a commercial enterprise in order to inform investors – but the AMF waived that requirement also, Jean said.

So far, Impak's token has been approved as a test case for a two-year window, after which, the stakeholders will reconvene and decide how best to proceed with Impak and future ICO projects.

Theoret emphasized that, in the absence of any investor complaints or problems, the agency would be willing to potentially extend the relief on a more permanent basis, stating:

"If nobody has made a complaint [asserting] that they weren’t protected enough in the sense of the securities and regulatory environment, then we’ll consider granting permanent relief to the filer. Or, if we have [multiple proposals] of a similar nature, then maybe we can consider permanent regulatory amendments so that our regulations are changed to permit this."

Learning by doing

AMF officials further emphasized that working through the regulatory sandbox approval process was critical because it enabled them to better understand a business model much different than what they're accustomed to seeing.

Jean explained that while it's a "traditional ICO" in the sense that there's a white paper and a new cryptocurrency, the regulator didn't have a past precedent for the filing.

"This was very, very novel because we had to apply the principles of regulation to the filer and provide the filer with a tailor-made order providing terms and conditions for the distribution of the digital currency," she said.

In this way, officials from AMF see their work with Impak as in line with guidance issued by CSA on August 24, which attempts to clarify the circumstances under which a token will be considered a security. Both developments, they said, send a signal about how Canada is responding to the potential promise of blockchain technology.

More crucially, though, they also help bridge two communities who some have sought to portray as at odds.

Theoret concluded:

"A lot of these startups and blockchain-type companies might not have the level of sophistication in securities law to understand all these ramifications. It’s meant for everybody to take notice. Don’t forget about securities laws if you're endeavoring a project."

[Turing]

Source: http://coremedia.info/blockchain-news/item/921-icos-from-illegal-to-regulated

ICOs: From Illegal to Regulated

Legislation in favor of Bitcoin has been steadily progressing. Although still mostly unregulated, Bitcoin is now considered legal in European Union countries, and most American and Asian countries. However, the legal status enjoyed by Bitcoin is not shared by the Initial Coin Offering (ICO) market. Three days ago, the People’s Bank of China (PBoC) released a statement prohibiting any organization or individual to start or participate in token fundraising.

In the official declaration from the PBoC, organizations and individuals are now unauthorized to participate in token sales or campaigns, which are now considered illegal methods of raising money. The PBoC also requested exchange platforms to stop their trading services of crypto tokens and Blockchain projects, who had recently completed their ICO campaigns, to refund their Chinese investors. A day after, Julia Leung, an executive director of the Hong Kong’s Securities and Futures Commission (SFC), stated that ICO’s may be classified as securities. She further quoted:

"Parties engaging in the secondary trading of such tokens (e.g. on cryptocurrency exchanges) may also be subject to the SFC’s licensing and conduct requirements."

ICO Legal Landscape

This comes in line with recent events in the North American soil, where the crypto token legal situation took some form. The US Securities and Exchange Commission (SEC) has been issuing suspensions on cryptocurrency related firms involved in ICO investments. They also released a statement last July, informing the intentions of the US government to regulated ICO’s as securities and that anyone involved in creating or participating in unregistered ICO’s could face criminal punishment.

Following these events, the Canadian Securities Administration (CSA) also stated that ICO’s should be regulated as securities as well, and listed the requirements that companies should now take when launching and managing ICO’s.

But Canada seems to have the more liberal and progressive approach because not long ago Impak Coin, a token to be released on the Waves Platform, became the first ever regulated ICO in Canada. The Autorite des marches financiers (AMF), a Quebec financial regulator, even accepted the company behind the ICO, Impak Finance into its regulatory sandbox. This regulatory sandbox is meant to jumpstart financial technology projects, like ICO’s, that don’t fit the same molds as regular securities. And that’s exactly what happens, AMF relieved Impak from some of the necessary requirement that security issuers would normally have to take. According to, director of AMF's corporate finance division:

"It’s in the spirit of the sandbox that we are willing to alleviate some of the requirements on, sort of, a test case basis. It's a test run to see whether there are investor protection [issues] with the relief that we grant."

The Future of Crypto Tokens

The crypto market seems to be recovering rather quickly after the price drop caused by the announcement from the PBoC. Regulation might be a good way to prevent the numerous hacks and scams that have happened throughout ICO history. If more commissions and regulators start taking steps similar to AMF, regulating and harmoniously integrating ICO’s into the financial world, then companies and startups won’t have to move to more legal friendly countries.

From Illegal to Regulated

The use of decentralized platforms that are specially designed for crowdfunding and creation of crypto tokens, like the Waves Platform, are going to become essential in terms of compliance. While “ICO Ban” is occurring in China, ‘Waves’ is working on legal blockchain framework together with partners like Deloitte CIS and Kazakh authorities to help ease the process of compliance. Let’s hope that effort made by many and these drastic changes seen recently end up having a positive impact on the crypto ecosystem and that ICO market keeps its steady growth.

[MaGNeT]

Tweet: https://twitter.com/ImpakFinance/status/907304416843354112

[CarlosCorreia]

First of all...
@Turing: Thanks on the initiative of opening this thread, and great gathering of information!

Waves NG (Next Generation) will be released on october 10th.

What is it? Waves NG is based on Bitcoin NG.

Bitcoin NG is a new blockchain protocol designed to scale, making it possible to handle at least a thousand transactions per second.

This is really good news! I can see Waves having a big pump before the 10th

[MaGNeT]

First of all...
@Turing: Thanks on the initiative of opening this thread, and great gathering of information!

Waves NG (Next Generation) will be released on october 10th.

What is it? Waves NG is based on Bitcoin NG.

Bitcoin NG is a new blockchain protocol designed to scale, making it possible to handle at least a thousand transactions per second.

This is really good news! I can see Waves having a big pump before the 10th

I'm not sure about the pump but I'm sure about the launch.

[udonmez]

Waves is very very promising project but new version should be released as soon as possible.

New versions are released almost every week.

https://github.com/wavesplatform

Some big changes and features are coming, like Waves NG, new DEX, Tokenomica, etc.
But don't underestimate the amount of work that's been done already.

I know huge amount of work in progress but each day new opponent project appears. 

[romanturbo]

How retard are admins in this forum ? They banned a top20 project? wtF?

[MaGNeT]

How retard are admins in this forum ? They banned a top20 project? wtF?

It's not the end of the world, it's not the only exposure for a project like Waves.
Projects should not depend on "third party" like Bitcointalk anyway.

It's not relevant for the development of Waves, closing deals, etc.

[MaGNeT]

Tweet: https://twitter.com/wavesplatform/status/907603198176907264




Link to new website: wavesplatform.com

[MaGNeT]

Source: http://wavescommunity.com/anryze-seek-6-million-in-tokensale-for-distributed-speech-recognition-network

Tweet: https://twitter.com/wavesplatform/status/907549718233874432

[neolinkhati]

Brazilian Community of Waves follows this thread.

https://bitcointalk.org/index.php?topic=1407458

[Kaffo]

Still in love with Waves! Can't wait till new releases come out soon.

[neolinkhati]

@Turing

It would be interesting to create a list on the first page of this thread with information from the Waves Telegram groups.

https://t.me/Wavescommunity - Waves Official

https://t.me/WavesBrasilOficial - Waves Brasil Official

[subG]

Does anyone know if the official Waves announcement thread will be reopened for posting?  So much valuable information is on there and the Waves team is very active in there.  Sucks it was shut down by the moderator for something that happened over 6 months ago.

[estenity]

Does anyone know if the official Waves announcement thread will be reopened for posting?  So much valuable information is on there and the Waves team is very active in there.  Sucks it was shut down by the moderator for something that happened over 6 months ago.

I dont know the current state of the negociations.

Last WCT airdrop to non-exchange waves holders, as a function of their waves holdings, in 2 days.

[subG]

Does anyone know if the official Waves announcement thread will be reopened for posting?  So much valuable information is on there and the Waves team is very active in there.  Sucks it was shut down by the moderator for something that happened over 6 months ago.

I dont know the current state of the negociations.

Last WCT airdrop to non-exchange waves holders, as a function of their waves holdings, in 2 days.

Yeah I am also looking forward to the last distribution of WCT.  I hope after this final distribution, the Waves team will announce some exciting news on the uses of WCT.  I feel WCT is not getting the attention it deserves.  The total WCTs are 1/10 of the amount of Waves and should be worth much more than the current price.   

[MaGNeT]

Tweet: https://twitter.com/sasha35625/status/907877634591379457

Source: https://blog.bancor.network/bancor-progress-update

[Pamadar]

Tweet: https://twitter.com/sasha35625/status/907877634591379457

Source: https://blog.bancor.network/bancor-progress-update

another great news from the dev itself I think this move will bring more investors to the waves platform its really an ongoing success from the team behind
though we are seeing a lots of crash happening from the crypto market we are still seeing progress from the project itself lets hope for more updates and
more inspiring post from the dev.