Virtual Currencies Clause Samples
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Virtual Currencies. It is the intent of the parties that the execution, delivery and performance of the transactions contemplated by this Amended and Restated Declaration of Trust will not result in the Trustee being required to obtain a license or make a registration under any federal or state law including rules pertaining to virtual currencies under Title 23, Part 200 of New York Codes, Rules and Regulations, the Commodities Act or any federal or state law regulating, money transmitters, money services business, providers of prepaid or stored value or similar entities, or virtual currency business.
Virtual Currencies. Any virtual currency (including but not limited to crypto-currency), or fluctuations in its value; and
Virtual Currencies. Other than the Company Token, the Company has never sold, issued, sponsored, or created any Virtual Currencies or caused any other entity to sell, issue, sponsor, or create any Virtual Currencies, in each case including through a pre-sale, initial coin offering, token distribution event or crowdfunding, or through the issuance of any instrument convertible into or exchangeable for Virtual Currencies. The Company has no Contract with any other Person (including any foundation or other decentralized entity) in respect of any of the foregoing matters. With respect to the Company Token, other than as set forth in Section 3.15 of the Disclosure Schedule, (a) there are no Contracts currently in force which purport to grant any Person any rights to obtain or with respect to any Company Tokens, and (b) the Company has no liability to any other Person with respect to any outstanding Company Tokens or any agreements to distribute Company Tokens. The Company has ceased actively distributing the Company Token and has completed or will, prior to Closing, complete the Company Token Wind Down.
Virtual Currencies. The Services included currency which is virtual, that is, it is a user interface that gives access to an online, decentralized and autonomous protocol and environment that provides price information and autonomous smart contract mechanisms of digital tokens or digital assets (“Virtual Currency”). This provides for the facilitation of liquid pools for market structuring and decentralized lending by way of tokenization of peer to peer loan and supply of API-raw execution Virtual Currency data.