What is CryptoCurrencies Exchange?
A self-regulating, fully transparent, code-regulated, blockchain-based National Securities Exchange registered with the United States Securities and Exchange Commission. That’s the vision of the team at CryptoSecurities® Exchange LLC.
In just a few short months, they have registered with the SEC as a Regulation D Exempt Offering, registered with FinCEN as a Registered Money Services Business, secured a lobbying firm in Washington DC to pursue a partnership with the United States government, retained an international tax law firm to ensure IRS compliance, and are in the process of establishing a SuperPAC to push their agenda in the U.S. Congress.
What’s the difference between our current securities trading exchanges and a blockchain-based exchange?
Access, cost, speed, and transparency. Right now, the $1.7 trillion market of over-the-counter (OTC) publicly traded companies has intentionally chosen to not be traded on one of the major legacy exchanges.
Because of the prohibitive cost. Brokers, clearinghouses, legal custodians, and the exchange itself all want a cut of every transaction. Even noble brokers like Robinhood don’t allow investors to avoid the clearinghouse fees, exchange fees, and the archaic 3-5 day waiting period for settlement. To make matters more burdensome, the mishaps on Wall Street have resulted in overreaching securities regulations that inadvertently prevent entrepreneurs and startups from accessing public capital. Entrepreneurs have had to resort to presales of conceptual products as a backdoor to raising capital on sites like Kickstarter and GoFundMe.
Sites like StartEngine have failed to meet their full potential because the investor base of these types of platforms are strictly limited to permit only accredited investors, which are individuals that make more than $200,000 annually or have more than $1m in assets not including their home. That eliminates nearly the entire general public and destroys the crowdfunding capacity of the platform. CryptoSecurities Exchange (CSX) is the solution.
CSX will be a registered national securities exchange with the SEC. Operating under the state of Delaware’s new cryptosecurities law, which allows stock to be digitized and transferred electronically via a distributed shareholder register in a blockchain-based private network, CSX seeks to digitize the shareholder registers of every OTC company in the United States for no cost. More importantly, CSX will be working with former SEC regulators and forensic auditors to build a network that has all existing securities laws and regulations built into the code framework. By coding our existing laws into the network, legal compliance will be automated.
What does this mean?
Entrepreneurs and startups no longer need to consult with securities attorneys. Brokers will be a thing of the past. Clearinghouses will no longer be necessary. Legal custodians will no longer be needed. The CSX online trading platform will directly connect investors with entrepreneurs, small businesses, and companies throughout the United States.
A self-regulating, fully transparent, code-regulated, blockchain-based national securities exchange for Main Street; not just Wall Street. Please visit our website at www.CryptoSecurities.Exchange to learn more.
Dr. John Anthony Castro - Chief Strategy Officer
Mo Iqbal - Chief Technology Officer
Joshua Scott Milam - Chief Legal Officer
Alfonso I. Garza - Chief Operations Officer
Ishmael Garza - Chief Marketing Officer
Abraham DeLuna - Chief Human Resources Officer
- The team is tackling a multi-billion dollar business opportunity in aiming to develop a SEC compliant cryptosecurity exchange with the relevant expert services for the applying companies
- The team involves skilled and endorsed business leaders
- The white paper shows very extensive knowledge about the legal aspects of coin offerings and blockchain-tied assets
- The team size is quite modest compared to the size of the main goal. The team commitment is challenging to verify, since all members have significant responsibility roles in other organizations and projects at the moment.
- Details about the ICO, such as token quantity (100M), soft cap ($3M), hard cap ($49M), tokens sold on markets (49M = 49% of total) not very transparently presented
- The white paper has very good general content but lacks focus on the exact business processes of CSX
- The project needs more search engine optimization