Is The Neluns Working Legally?

The Neluns
2 min readJul 31, 2018

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We are building the Neluns ecosystem in accordance with all applicable regulatory and legal norms. Following the letter of law, and meeting all regulatory requirements will ensure the stability of the system and a high level of security.

The registration of the Neluns Bank will occur in England. The central bank of England is frequently called the “Old Lady”, a proud and respectful term. The bank has a huge history, but the core features of the nation’s economy are the stable monetary policy, resilience of the national currency, and the reliability of the financial system. Aside from this, England is actively supporting fintech startups, innovative initiatives are actively encouraged. The registration of Neluns Exchange and Neluns Insurance will take place in the U.S.A.

The activities of the Neluns financial ecosystem will meet the following requirements and recommendations:

· Central bank of England.

· FCA (Financial Conduct Authority).

· FSA (Financial Services Authority)

· PRD (Prudential Regulation Authority).

· FATF (Financial Action Task Force on Money Laundering).

· Basel III Agreement.

· PSD2 Directives.

· CFTC (U.S. Commodity Futures Trading Commission)

· SEC (U. S. Securities and Exchange Commission)

Aside from this, Neluns will attain an EMI (Electronic Money Institution) license, which will allow us to conduct operations with electronic money, as well as to issue them.

The Neluns Ecosystem will also become a participant of SWIFT, and will be connected to various payment systems (Visa, MasterCard, American Express, and others). Clients will have access to IBAN accounts and bank cards for carrying out international payments.

The activities of Neluns will also adhere to meet KYC/AML requirements as well as counter the financing of terrorism.

The ICO of the Neluns ecosystem will be carried out in accordance with SEC (the United States Securities and Exchange Commission) regulations:

· Rule 506(с) of Regulation D.

· Regulation S.

This approach will allow U.S.A investors to take part in the ICO.

For more information follow our account and stay tuned.

Have any questions? Contact our support team via Telegram. The link is below.

https://t.me/TheNelunsChat

Learn more about Neluns https://neluns.io

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The Neluns

Innovative financial ecosystem composed of 3 unique elements: a Bank, a Cryptocurrency Exchange, and an Insurance Company.