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LeadBest, Polymath partner to create token economy ecosystem

Jan 09, 2019 - Global Banking News

LeadBest has announced it has become an important strategic partner to Polymath to create a token economy ecosystem in Asia, the company said.

Beijing Financial Supervision Authority stated that security token offering (STO) financing is an illegal financial activity in mainland China. LeadBest offers a protective mechanism as there is no legal basis for STOs in China.

Based on the characteristics of STO, LeadBest has summarized several key elements of a token offering, including the...