Please describe in detail the legal relationship between BitShares Munich and BlockPay. Are they both incorporated entities? in which jurisdiction(s)? who are the shareholders?
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Please describe in detail the legal relationship between BitShares Munich and BlockPay. Are they both incorporated entities? in which jurisdiction(s)? who are the shareholders?
We got the idea of BlockPay Sommer 2015 and we started to work fulltime on the project in Christmas 2015. Right around that time we also incorporate the mother company BitShares Munich IVS in the Kingdom of Denmark.
Why Denmark?
Denmark is a great place to get a Blockchain company started.We choose to set up our company in Denmark because you can create a Compliant BITCOIN company without FSA and AML requirements: https://rexkern.com/company-structures/bitcoin-company/
Please read the full Note on virtual currency such as Bitcoin and the act on money laundering by Danish lawyer here https://rexkern.com/wp-content/uploads/2015/09/Notat-vedr%C3%B8rende-hvidvaskloven_EN.pdf
BitShares Munich Leading products
BlockPay, Echo, Stealth transactions and the Smartcoins Wallet are the leading products of BitShares Munich IVS. We have many more business ideas and plans that we want to realise other the next couple of years if funding allows it. BlockPay itself is just a brand today. BitShares Munich IVS is 100% owned and controlled by the co-founders Ken, Rodrigo and Chris.