Electricity hater from Russia launched crypto exchange

Religious billioner from Russia, gay-, electricity- and scientist-hater launches a "real-world" cryptocurrency exchange
26 August 2017   546

German Sterlingov, well-known Russian businessman, electricity and scientist hater, announced the launch of his cryptocurrency exchange.

Exchange will be called "Alisa". There will not be any fees, but the entrance isn't free.

In the early 1990s, there was the exchange" Alisa ". Something was similar - as the legislation on a number of questions as now on cryptocurrency has not been settled too. There are nostalgic parallels. We decided to call again "Alisa" and even opened on Leninsky Prospekt.
 

German Sterling

Alisa, Founder

Also, some interesting information can be found in the "manifesto".

I inform everyone that while all the Crypto currency is nothing more than a vulgar pyramid and it will collapse. The point is to use bitcoins, as a gentleman uses a prostitute.
So, the purpose of creating the 1st Moscow CryptoExchange:

  • money doesn't go away from Russia;
  • Russians get money abroad as much as they want;
  • Bitcoins irresistibly flow into Russia and then return back from where they came;
  • Crypto-Berge eventually becomes governmental.
  • People stop participating in financial pyramids - they just sometimes use them, if necessary, for "five minutes" (see above about the gentleman)
     

German Sterling

Alisa, Founder

Also, main "feature" of the exchange that is not digital - it is a real world exchange in a building in Moscow. 

German hates electricity and scientists, which he calls "wizards". He published Life after Electricity novel and runs own website where he publish his thoughts and views.

Additionally, German runs a store chain of natural eco products,where gays are banned.

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   32

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.