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0:00:00 JOBS Act Uses Blockchain to Fund Startups
0:00:03 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.
0:00:10 The Jumpstart Our Business Startups Act was an Act signed by former President Obama in 2012 which freed small businesses of some restraints for raising funds.
0:00:19 Capital formation for these companies was eased by increasing protection of the investors.
0:00:24 Therefore, in 2015, the United States Stock Exchange Commission adopted rules to allow companies to raise money in the form of crowdfunding, with an exemption to the federal law which allowed investors to use crowdfunding to get trade securities.
0:00:37 However, the law had failed to materialize the number of jobs required.
0:00:42 This fallacy forced vice-chairman of NASDAQ David Weild IV to call for a JOBS 2.0 which used blockchain’s distributed ledger technology.
0:00:51 This amended law enables companies to raise large amounts of funds by selling security tokens associated with DLT in its initial public offering.
0:00:60 The minimum amount of money required to participate in the IPO is a mere USD 1,000, far less when compared to the previous investor requisite of USD 1 million.
0:01:11 Bitcoin’s integration and involvement in the jobs sector is clearly seen by the fact that many companies now offer jobs that pay in Bitcoin.
0:01:19 In a way, Bitcoin is streamlining more job opportunities in the digital economy.
0:01:24 BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics.
0:01:30 For more information please read our Editorial Policy here.
0:01:34 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “BitcoinNews.com”, who originally published this news update on their website.
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