A Commitment to Doing it Right
At Spotcoin, we are committed to doing things right.
In the global crypto-technology market, it is an ever-evolving struggle to keep up with the laws and regulations. But that is just what we do. Simple liquidity for our customers means a complex compliance regimen for our team.
Spotcoin recognizes the need to advocate for laws and regulations that support the revolutionary new smart economy.
The Spotcoin Team
The team is where compliance starts. Spotcoin have recruited the best team in Georgia. Lawyers, auditors, risk management specialists, strategists. The team is the crux of our success. Dedicated full-time to working with regional and global laws and regulations, we’ve woven in our commitment to regulatory compliance and transparency on every level of our company.
We recognize that we can’t do it alone. We have partnered with Juscutum, a Ukrainian law firm with special expertise in blockchain technologies and emerging markets. Juscutum provides Spotcoin with the legal framework to make sure Spotcoin is in full compliance with all regulations, which is very much in line with our values.
Working with the Georgian Government
It isn’t solely about compliance with current laws. Spotcoin recognizes the need to advocate for laws and regulations that support the revolutionary new smart economy. We are headquartered in Georgia because of that country’s willingness and openness to blockchain technology. The country has supported us as we’ve launched, and we are dedicated to bolstering economic and communal development there.
Spotcoin has engaged all levels of the Georgian government, teaming up to foster an entrepreneurial spirit going forward. A few key highlights include:
· Spotcoin met with a senior advisor to the Minister of Economy to share the latest information on Spotcoin and digital currencies. We agreed to work together in the future to collaborate on emerging issues.
· We’ve discussed issues right alongside the National Bank of Georgia. Our founder, Andrew Thornhill even participated in a panel with the Executive Director of the National Bank of Georgia at an American Chamber of Commerce event in Tbilisi. Spotcoin proposed this event, and helped produce it, because it is part and parcel of educating the public and officials.
· We’ve developed a relationship with Georgia’s Innovation and Technology Agency (GITA), a State agency. The head of GITA Avtandil Kasradze provided the opening remarks for our Black Sea Blockchain Summit in April 2018, and is also attending a top blockchain event in Tbilisi today where Spotcoin is joining a panel on ICO development and regulatory framework.
A Commitment to International Laws
Keep in mind that it is not only Georgian law we have to contend with. We operate on the global market and therefore must ensure we are compliant with the laws of other countries. And it is not just us we are concerned about. We want the best for our customers; we want them on the right side of the law.
Our partnership with Juscutum ensures our compliance beyond Georgia. In concert with our internal compliance team, Juscutum delivers up-to-date legal advice and opinions on all existing and emerging legal issues related to digital currencies and blockchain.
Spotcoin doesn’t stop there. Our team has a dedicated risk management and global strategy outlook. We have implemented International Organization for Standardization (ISO) standards for risk management. The ISO 31000 guidelines provide globally recognized criteria for risk management processes. These standards let us manage risks associated with the evolving legal and regulatory requirements associated with digital currency.
Our legal and regulatory compliance is key to Spotcoin’s success; a companion on the journey to make digital currencies work for everyone.
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Visit spotcoin.com, where we make digital currencies work for everyone.
Residents and citizens of the United States and US territories are prohibited from taking part in the SPOT Airdrop and the SPOT public sales. Residents and citizens of the following countries are prohibited from taking part in the SPOT public sales: Bosnia and Herzegovina, China, Ethiopia, Iran, Iraq, North Korea, South Korea, Sudan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Serbia, Vanuatu, Yemen
However, certified accredited U.S. investors can take part in the SPOT private sale. Chinese and South Korean investors can participate in the private sale when paying with digital currencies, after signing the SAFT form and completing the KYC /AML process. Any investment in digital currencies comes at a risk. No one should invest money that he or she can not afford to lose.
Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this email are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.