Regulatory Landscape

United States

In the US, BitLicenses are issued by New York State's Department of Financial Services - A person (whether an individual or a company) that engages in Virtual Currency Business Activity requires a BitLicense. Under 23 NYCRR 200.2(q) of the New York Financial Services Law, Virtual Currency Business Activity can fall into one of five types of activities involving New York or New Yorkers: – receiving Virtual Currency for transmission or transmitting Virtual Currency;– storing, holding, or maintaining custody or control of Virtual Currency on behalf of others;– buying and selling Virtual Currency as a customer business;– performing exchange services as a customer business; or– controlling, administering, or issuing a Virtual Currency.

United Kingdom

In UK Crypto asset registration - virtual asset service providers and money laundering regulations (5MLD) registered by Financial Conduct Authority:

A firm or sole practitioner who by way of business provides one or more of the following services, including where the creator or issuer of any of the crypto assets involved, when providing such services:

Hong Kong

Licensed virtual asset trading platform under type 1 license (dealing in securities) and type 7 license (automated trading services) of the Securities and Futures Commission3• The license regulates the activities of the operator of a centralized online trading platform in Hong Kong which provide trading in the security token.


Digital payment token services license under the Payment Services Act (PSA) by the Monetary Authority of Singapore (MAS)4.• The license generally covers the provision of services facility allowing the purchase and sale of any digital payment token in exchange for money or other digital payment tokens.

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Disclaimer: is your access to fractional ownership in the world's most promising unlisted growth companies and real world assets. All investors have to complete KYC & AML checks before investing and are subject to continuous due diligence after onboarding. Investing in private equities and tokenized real world assets are considered high-risk high reward investments. All investors are urged to do their own due diligence before investing. Risks are listed in prospectus / Whitepaper and must be read and accepted before investing with BACD.IO. This website has been prepared solely for the purpose of providing information about BACD.IO and its services and products offered herein. However, no representation is made as to accuracy of the information it contains. In particular, you should be aware that this information may be incomplete, may contain errors or may have become out of date despite efforts to keep the website and its information updated. BACD.IO reserves the right to add, change or delete any information at this website at any time. Any references to products or services are provided "as is" without any warranties. This website is owned and operated by BACD USA LLC In USA, BACD USA LLC is regulated under Regulation D 506, for private placements for accredited investors.

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