Over 100,000,000 USD*raised! Top #6 ICO of all time: BUY ON HitBTC NOW!
Over the last six months, financial authorities in the US, Singapore, China, Switzerland and Germany have tightened their policies towards ICOs or issued warnings as tokens are more and more frequently categorized as securities.
The EVN token sale will be compliant with the security regulations of several key jurisdictions and follow KYC and AML regulations. In detail this means:
A prospectus is currently being prepared. It will be based on the Private Placement Memorandum.
Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations vary from country to country in technical details, but they all require the customer's identity to be verified and checked against various lists concerning terrorism, embargos and politically exposed persons (PEP). Envion is implementing this process with professional service providers.
During the onboarding process for the ICO, identity verification and the AML check will be followed by a check of the investor category where applicable (upload of auditor confirmation). In case any doubts remain, a manual investigation will then take palce.
The exchange from crypto in FIAT currencies will be conducted by a regulated broker/exchange, and banks will be provided with the KYC and AML reports.
We are currently in the onboarding process with one of the major international accounting firms. They will evaluate our processes, audit our accounting, and they will deliver reports on how we follow the guidelines of our prospectus.