The duty to develop the Tau and Agoras projects, under the
development of: Intelligent Decentralized Networks Initiatives
LTD, a Seychelles company, has been transferred to a company
incorporated in Liechtenstein; IDNI AG located at Landstrasse 36,
FL-9495 Triesen Liechtenstein.
It’s important to stress there will be no change to current
management and, this transfer does not materially change or
diminish any of your rights, or our responsibilities. Instead,
this greatly assists us in expediting the development of the
products and should be seen as a boon to the project overall.
Regulation in the Blockchain space has seen dramatic creation and
companies creating products in the space have had to make sure
they comply alongside many changing regulations on a global scale.
Through our extensive research (trialling over 20 potential
countries), Liechtenstein is fundamentally the most fertile space
for the company to be headquartered for these main reasons:
-
Liechtenstein Blockchain Act – Liechtenstein is currently the
only nation with dedicated Blockchain legislation, not merely
‘Crypto-friendly’ but regulated and fit for the grand scale that
we envision for this project. Liechtenstein’s Blockchain Act has
definitive policies and provides a framework for us to work
within and refer to; without ambiguity as to what is, and isn’t
possible.
-
Stability – Liechtenstein is by far the most economically stable
country on the list of viable locations reviewed. Being one of
the rare countries on earth with a positive account surplus and
no debt. We reviewed each country, alongside many legal
advisors, qualitative and quantitative factors on stability,
including but not limited to: Bank stability, fraud, domestic
policies, foreign relations, political stability, financial
stability and global sentiment on its leaderships actions.
-
Partnerships – As Liechtenstein rapidly grows to being the
dominant location for companies in the Blockchain space, this
seeds more businesses that we can work with and grow alongside.
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Blockchain Compliance – Switzerland/Liechtenstein has the most
comprehensive compliance.
-
Service providers – Liechtenstein has a wealth of Blockchain
ready service providers and a well-knit ecosystem for companies
such as ours. You will be hard pressed to find accountants that
understand crypto as well as we do. We have already found great
benefit in this area.
-
Access to EU and Swiss markets – This greatly assists us in a
multitude of ways.