the The Jamaica Stock Exchange (JSE) wants to allow users in the future, the issuance of digital securities, so-called Security tokens. In addition to a platform for STOs, the exchange official trading want to be a space of digital currencies such as Bitcoin and Ether. To this end, the JSE entered into in the past year, a partnership with the canadian Fintech companies block station. The sample listing of cryptocurrencies to follow.
By David Barkhausen
5. April 2019BTC$5.006,74 0.17%part Facebook Twitter LinkedIn xing mail
Jamaica stock exchange JSE is booming: Alone in the past five years, the trade has grown to three times. Now, the already in the year 1968 based exchanges will hit newcomers in the next Chapter, and thus also future growth.
As the JSE this Wednesday, the 3. April, in a press statement announced that it wants to allow customers in the future, on the one hand, the publication of digital securities, so-called Security Token Offerings (STOs),. On the other hand, the stock market wants to be with the blessing of the Jamaican securities regulatory JCSD is the official trading platform for crypto currencies such as Bitcoin or Ether. In the future, you want to draw the interest of investors on the Caribbean island.
This is entered into the trading venue based in the capital city of Kingston already in the past year, a partnership with the canadian FinTech companies block station. Together with investors both want to explore the potential of crypto-trade, in a pilot test.
This is an unprecedented opportunity for the JSE to its product portfolio to expand and attract new investment. We welcome both local and global private investors and companies, we have digital assets in a secure, efficient and transparent legal framework to act,
describes the JSE’s Director, Marlene Street Forrest, the joint effort with the block station.
STOs., small and medium-sized enterprises under the arms
grab As it is said in the press statement, the plans for the step to underline that trade with crypto currencies, the market potentials have, as long as this is fully regulated
Blockchain-technologies, such as crypto-currencies are popular in the Caribbean, very popular. In February last year, the Central Bank of Jamaica had warned, however, before investing in Bitcoin & co. So this would not be, for example, of appropriate consumer protection measures covered.
on the other hand, it is said, however, that they wanted to grab by using the STOs, especially for small and medium-sized enterprises under the arms. The IPO has been often denied. You should be given to using the digital securities is a reasonable means to gather capital.
Especially in the case of small island States, the Trend around STOs seems to meanwhile. In February, about the authorities of the Atlantic ocean island of Bermuda to the Security Token Fire as a first digital value paper in the country gave their official blessing.
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