Fineqia ($FNQ.CN) Announces #Blockchain and #Cryptocurrency Investment Subsidiary in Malta
Fineqia ($FNQ.CN) Announces
#Blockchain and #Cryptocurrency Investment Subsidiary in Malta
LONDON
- August 15, 2018 (Investorideas.com Newswire) Fineqia International Inc. (the
"Company" or "Fineqia") (CSE:
FNQ.CN)
(OTC: FNQQF) (Frankfurt: FNQA) is pleased to announce the set-up of a
subsidiary company in Malta via which it will own its investment shareholdings.
Read
this in full at http://www.investorideas.com/CO/FNQ/news/2018/08151Malta.asp
Fineqia
Investments Limited has been established in Malta to hold the Company's growing
portfolio of blockchain, fintech and cryptocurrency technology companies
worldwide such as Estonian company Black Insurance, Malta-based IXL PremFina
Ltd and the UK's Nivaura Ltd. The investments are adjunct to the Company's core
business of placing debt and equity securities.
Malta,
a European island country located close to Italy, was selected for its advanced
regulatory framework that qualifies and regulates blockchain and cryptocurrency
companies. Malta also benefits from its membership in the European Union (EU),
whereby EU financial directives facilitate regulated business activities across
its 28-member states.
"Malta
ticks a lot of boxes as a pioneering crypto-friendly regime," said CEO
Bundeep Singh Rangar. "Choosing a jurisdiction where the legal and
regulatory framework is in sync with emerging technologies and new financial
instruments is as important as selecting sound investment opportunities in the
first place."
Malta,
which uses English as one of its official languages, passed three laws this
summer that signal ambitious changes to the country's legal system overseeing
cryptocurrency-related businesses. The Malta Digital Innovation Authority Act
(MDIA Act) established the Malta Digital Innovation Authority, which focuses on
governance arrangements and certifies Distributed Ledged Technology (DLT)
platforms for credibility and legal certainty to users.
The
Innovative Technology Arrangement and Services Act (ITAS Act) deals with DLT
arrangements and certifications of DLT platforms. It addresses the setting up
of exchanges and other cryptocurrency related businesses such as identity
verification services and electronic wallet providers. The Virtual Financial
Assets Act (VFA Act) establishes the regulatory regime governing such companies
as well as Initial Coin Offerings.
About Fineqia International Inc.
Fineqia International is a listed entity in the
Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International
outlines the Company's corporate governance, culture, processes and relations
by which the Company and its subsidiaries are controlled, directed and
governed. Fineqia International oversees and ensures the overall success,
planning and growth of the Company and all of its subsidiaries. It recently
announced the incorporation of blockchain technologies to achieve these
objectives. For more information visit: https://investors.fineqia.com/news.
FORWARD-LOOKING STATEMENTS
Some statements in this release may contain
forward-looking information (as defined under applicable Canadian securities
laws) ("forward-looking statements"). All statements, other than of
historical fact, that address activities, events or developments that Fineqia
(the "Company") believes, expects or anticipates will or may occur in
the future (including, without limitation, statements regarding potential
acquisitions and financings) are forward-looking statements. Forward-looking
statements are generally identifiable by use of the words "may",
"will", "should", "continue", "expect",
"anticipate", "estimate", "believe",
"intend", "plan" or "project" or the negative of
these words or other variations on these words or comparable terminology.
Forward-looking statements are subject to a number of risks and uncertainties,
many of which are beyond the Company's ability to control or predict, that may
cause the actual results of the Company to differ materially from those
discussed in the forward-looking statements. Factors that could cause actual
results or events to differ materially from current expectations include, among
other things, without limitation, the failure to obtain sufficient financing,
and other risks disclosed in the Company's public disclosure record on file
with the relevant securities regulatory authorities. Any forward-looking
statement speaks only as of the date on which it is made except as may be
required by applicable securities laws. The Company disclaims any intent or
obligation to update any forward-looking statement except to the extent
required by applicable securities laws.
SOURCE: Fineqia International Inc.
Fineqia
International Inc. (CSE: FNQ) is a featured tech stock on Investorideas.com
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