PR: StreamSpace Announces ICO to support Innovative Film Distribution Platform

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StreamSpace Announces ICO to support Innovative Film Distribution Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release.

AUSTIN, TEXAS, USA, August 7, 2017 – StreamSpace LLC announces its Initial Coin Offering (ICO) for its novel distributed storage and distribution platform. The StreamSpace ICO starts on August 21, 2017 1500 GMT (1000 US Central Daylight Time) and will last for 28 days, until September 18, 2017 1459 GMT (0959 US Central Time). In total, a maximum of 600 million StreamShares (SSH) will be distributed.

During the ICO, participants can exchange $0.05 USD or its Bitcoin or Ethereum equivalent per SSH, with a minimum purchase of 500 SSH ($25 USD), with applicable bonuses of up to 40% based on purchase volume and time of purchase. The effective BTC and ETH Exchange Rates will be set one hour prior to the launch of the ICO. Through this ICO, StreamSpace aims to raise up to $30 million USD.

StreamSpace intends to launch an innovative platform and community that will link creative, independent filmmakers with audiences that seek out quality, edgier film experiences.

There are nine key components to the StreamSpace platform:
* Patented, secure distributed storage method for the video content
* Blockchain transaction ledger for enhanced transparency and security
* Front-end decoder and embedded HTML5 player optimized for video streaming
* Content recommendation engine that helps consumers discover new content that fits their tastes, based on viewing habits and reviews / ratings
* Secure digital wallet so consumers and filmmakers can manage their accounts and stored assets with confidence in either fiat currency or tokens
* Private token exchange that monitors the market value of SSH tokens, enables the financial transactions between consumers and filmmakers, and converts between fiat currency and StreamShares and then back to fiat currency whenever the filmmaker elects to “cash out” transactions
* Community-focused front end for filmmakers to upload their products to StreamSpace’s environment, set prices, and analyze statistics about the popularity or reviews of their content
* Social media channels that link filmmakers to each other and to their audiences
Initial Coin Offering / Token crowdfunding campaigns for new film projects on behalf of filmmakers that are interested in this uncommon technique for raising the funds necessary for a small or mid-budget film project

The StreamSpace platform is the most progressive video marketplace in the world. The blockchain ledger enables instantaneous and transparent payment system in any combination of fiat and cryptocurrency to the filmmakers / copyright owners.

“Our goal is to become the world’s leading destination for innovative film content, with a deep catalog that will enable personalized viewing experiences and that will be rewarding for our core customers: creative, independent filmmakers and film aficionados,” said Robert Binning, StreamSpace’s CEO.

We invite you to join our community and help us transform the film industry in favor of the creative artists that make films and fans that seek out creative content.



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This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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‘Bitcoin Regulation Act’ Introduced in South Korea Bans MLMs

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'Bitcoin Regulation Act' Introduced in South Korea

Legislation outlining the regulatory framework for digital currencies including bitcoin in South Korea has been introduced by lawmaker Park Yong-jin. It defines digital currency, introduces five classifications of digital currency handlers, as well as specifies requirements and prohibited activities.

Also read: Korean Digital Currency Bill to Launch Shortly but Government Has Concerns

‘Bitcoin Regulation Act’ Introduced

'Bitcoin Regulation Act' Introduced in South Korea
Rep. Park Yongjin

Korean Democratic Party lawmaker Park Yong-jin announced last week that he has introduced an amendment for the Electronic Financial Transaction Act. Its main purpose is to create a regulatory framework for digital currencies in order to “maintain healthy market order and protect users,” Inews24 reported. Business Korea calls this amendment the “Bitcoin Regulation Act.”

“As interests in virtual currencies such as bitcoin and ethereum have soared,” Park said “there is no clear definition of virtual currencies or restrictions on those who can sell virtual currencies.” He first announced that he would introduce this legislation back in July. Business Korea wrote:

The Bitcoin Regulation Act is scheduled for a regular session of the National Assembly in September with a growing debate foreseen.

Definitions and Classifications

'Bitcoin Regulation Act' Introduced in South KoreaIn this amendment, virtual currency is defined as “an instrument of exchange or an electronic store of value,” reported Inews24. It also distinguishes virtual currency from “real” currency. The amendment proposes five classifications of digital currency handlers with the following definitions.

  • “Virtual currency traders” – those selling goods or services in exchange for digital currency.
  • “Virtual currency dealers” – those operating a market for the sale of virtual currencies such as exchanges.
  • “Virtual currency brokers” – those intermediating or arranging the sale of digital currency.
  • “Virtual currency issuers” – those offering systems to create and issue digital currencies, and
  • “Virtual currency managers” – those storing or managing digital currencies for others.

Requirements and Prohibited Activities

The revised legislation requires all digital currency handlers “to have 500 million won or more in capital and receive approval from the Financial Supervisory Commission,” detailed Business Korea.

'Bitcoin Regulation Act' Introduced in South KoreaThe amendment also mandates customer funds be deposited at a separate institution with insurance, or some form of payment guarantee in order to protect customers, the publication added.

The legislation prohibits several specific digital currency-related activities such as their sale and brokering through door-to-door and multi-level marketing schemes. It also strictly prohibits illegal acts involving digital currencies, such as market price manipulation and money laundering. Violations can carry a prison sentence of up to five years or a fine of up to 50 million won, Business Korea detailed.

What do you think of the proposed “Bitcoin Regulation Act”? Let us know in the comments section below.

Images courtesy of Shutterstock, Wikiwand, the Herald

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