Ann: CLASSIC AGREES FACILITY TO FUND PROJECT DEVELOPMENT, page-144

I’d written this off some time ago, so I don’t check in too often, however each time I return I’m intrigued to find another announcement worthy of a formal review by a responsible authority.

ASIC provides guidance regarding the use of Distributed Ledger Technology (DLT) or blockchain, and the circumstances under which an AFSL is required (info sheet 219). I’m certain that AuResources AG has met all of its statutory licensing obligations prior to providing financial advice, or marketing or trading in DLT or blockchain products e.g. securing AFSL.

I’m certain that all parties are aware of the consequences of entering into a contract to facilitate constructed conveyance, tax evasion, bankruptcy fraud and related breaches of fiduciary duties.