A warm welcome to our new Legal Advisors
Dear Community,
As many of you know, when it comes to blockchain projects and crowdsale events, the legal landscape is making massive shifts on just about a daily basis. However, this is an inescapable part of starting any blockchain project like FintruX and that is the reason why we have built key partnerships with some of the best legal minds in the business all over the world.
Please join me in welcoming our two legal counsels who have been working tirelessly to ensure our success!
Brinden Anandakumar
Brinden graduated from the University of Nottingham with LLB (Hons) and was admitted as an Advocate and Solicitor of the Supreme Court of Singapore in 2015.
He is currently engaged in civil and commercial litigation. He also has experience in corporate and advisory matters.
Brinden is thoroughly committed in ensuring that we are an utility token that follows all MAS guidelines.
Alixe Cormick
Alixe Cormick is the founder of Venture Law Corporation in Vancouver, British Columbia and a member of Commercialization Advisory Board of the Life Science Institute at the University of British Columbia, the Advisory Board of the National Crowdfunding Association and two private tech companies.
Alixe advises us on legality structure in Canadian jurisdiction.
What is the latest legal development?
The most recent development affecting our project is the renewed stance by the SEC in the United States to classify all tokens purchased in a token sale event as securities, regardless of whether their function is strictly as a utility token or not.
Based on the aforementioned, we have been advised by our Legal team to close our crowdsale to supporters residing in the US and Canada.
We would also like to take this chance to emphasize that only residents of particular countries are restricted from participation in our sale; citizens of restricted countries can still participate as long as they are residing elsewhere.
As a Team, we are more committed and dedicated than ever to fulfill our dream of launching the FintruX Network and we are very confident that we will secure the investment and exposure required to succeed. Our goal is to demonstrate our dedication to be completely transparent, honest, and above board as we have a 20 year strong reputation to maintain.
Sincerely,
The FintruX Team
About us: FintruX Network is the global P2P lending ecosystem powered by blockchain and no-code development. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of SMEs that typically face challenges getting loan financing, such as startup companies.
Find us on our: Website ; Twitter ; Facebook ; Reddit; LinkedIn
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