Force Network to Release Whitepaper

The whitepaper explaining the technical details of ForceNet and its plans for execution is scheduled to be released on March 31, 2018
31 March 2018   745

The team of Force coin revived the fledgling coin and took to establishing a legitimate legal entity for Force, additionally, they provided the goal of developing a decentralized Internet-like network as Force’s main purpose. The team aims to develop Force into a standout project by creating a decentralized and scalable Internet-like network solution called ForceNet. A thorough whitepaper, explaining the technical details of ForceNet and its plans for execution, is currently being drafted for release which is scheduled for March 31, 2018. In addition, a bit later, the Force team will be revealed.

Force coin whitepaper release countdown at the moment of pressForce Coin whitepaper release countdown at the moment of press

The problem is that the beginnings of the Force project began when the original developer showed no desire to produce a working and viable product, but, instead, aimed to deceive the community and dump his pre-mine on exchanges, and in the process, he decimated the market for Force and cashed out at the expense of early investors. At the behest of the Force community, a core group of trustworthy Force community members, consisting of blockchain specialists and enthusiastic developers, initiated a community takeover to continue work on Force and give legitimacy to the project, are currently are doing their best to deliver new features to the users, and we will keep following the news of Force Coin project.

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   49

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.