About iProtocol Network
IProtocol Network is a decentralized Blockchain based one stop web, mobile and desktop application system for the general users worldwide. It’s an online or offline (synchronizable) application suit that covers you, your documents, business, staffs, dealings and payments – as of, if there is no internet connection every data will be save to device database system and will be stored again after getting back to online within decentralized server. iProtocol Network creates an individual Operating System that is assembled with Blockchain program, server-side program and Open source program.
|Token Name||iProtocol Network|
|Hard cap||40,000,000 USD|
|Soft cap||3,000,000 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Prospectus Directive, as implemented in Ireland by S.I. No. 324/2005 (Prospectus (Directive 2003/71/EC) Regulations 2005), as amended, (the “Irish PD Regulations”) aims to ensure that adequate information is provided to investors by companies when raising capital in the EU. The Irish PD Regulations require the publication of a prospectus before an offer of securities to the public in Ireland or the admission of securities to trading on a regulated market situated or operating in Ireland, unless certain exclusions or exemptions apply.
General guidance and commentary on this definition has identified three formal criteria and one more substantive criterion for a security to be considered a “transferable security”. The three formal criteria are that a security must be: (i) transferable, (ii) negotiable on the capital market (which is a concept that goes beyond legal transferability, and considers the practical ease of transferability and trading of the securities) and (iii) standardized (such that the security can belong to a class).
The three formal criteria of being transferable, negotiable and standardized digital assets which fall within, or are comparable to the non-exhaustive list of securities given in sub-paragraphs (a) to (c) of the definition of “transferable securities” will be treated as such. This would include digital assets (categorised as “asset tokens/security tokens”) which represent a debt or equity claim on the issuer and are analogous to, or contain features of, equities or bonds,together with digital assets form of,comparable to, options or derivatives.
In the case of digital assets (whether in the form of tokens, coins or otherwise), where the coin, token or other asset qualifies as a “transferable security” or other “financial instrument”, the process by which the digital asset is created, distributed or traded is likely to involve some MiFID II investment services such as placing, dealing in or advising on “financial instruments”, requiring authorisation from the Central Bank of Ireland (or the supervisory authority of another member state of the EU).
The operation of a trading platform for “transferable securities” and other “financial instruments” is a regulated investment service that requires authorisation under the Irish MiFID II Regulations. Accordingly, if the digital assets to be traded comprise “transferable securities” or other “financial instruments”, a MiFID II authorisation will be required. If the digital assets to be traded are not “transferable securities” or other “financial instruments”, as is likely the case with pure utility tokens and payment tokens based on current law and practice, no MiFID II authorisation will be required.
Zakir Hossain CEO
Farhan Hossain CO-FOUNDER
Jason O’Brien HEAD OF IT
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Quote This article is writing on 15 May 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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