John Nehmatallah Forges US Big Coin Crypto with International Monetary Specialists (IMS)
Today in The Maxim Journal Forum, we shine our spotlight on Mr. John Nehmatallah of US Big Coin in Orlando Florida. John himself has been a long-time resident of Central Florida for many years and now calls it home. Originally from Canada, Mr. Nehmatallah has eclectic interests in commerce, currency trading, investments, finance, architectural design and land development.
However, for the purpose of this article Maxim would like to focus on the holy grail of cutting edge technology in the news today which is making those little hairs on every investor’s neck stand up these days, and that’s Cryptocurrency Investment and Exchange. You may have seen the latest news about the (SEC) The US Securities Exchange Commission this past month about needing to regulate Cryptocurrency Issuers ICO’s in order to combat the ever-growing cyber threats and thefts that are in the news every day.
US Big Coin is not only a premier crypto coin firm who will begin issuing its own later this year. It is also the ONLY patent holder in the world for Time / Date stamping (with) reporting at the Point of Currency Conversion (POC). This patented technology is incredible for all global currency exchange platforms to stop theft and to address the slippage that occurs in trading platforms like Nasdaq, NYSE etc. as well as virtually ALL Monetary Banking transactions. The SEC Chairman Jay Clayton recently stated in an interview that:
“We are not going to do any violence to the traditional definition of a security that has worked for a long time,” U.S. Securities and Exchange Commission Chairman Jay Clayton told CNBC Wednesday. “We’ve been doing this a long time, there’s no need to change the definition.”
The IMS Patent was granted such a high status even Greenberg Traurig, LLP. https://www.gtlaw.com/en submitted a letter stating…
” This was the most significant patent ever issued to a firm or individual for currency by the USPTO and would never happen again.” – March 4, 2014 – Greenberg Traurig, LLP.
Since this time hundreds of firms and submissions have attempted to file similar patents by the best intellectual companies in the world and have since all been rejected as UN Patentable. Integration into the Cambridge Platform for several years has worked flawlessly, with user security, transparency at the point of sale with reporting gives us an unprecedented edge the SEC is looking for to combat cyber theft says John Nehmatallah of US Big Coin, LLC. Patent holder and owner of International Monetary Specialists (IMS).
Further the SEC Director said earlier this week:
The U.S. has built a $19 trillion securities market that’s “the envy of the world” following the current rules.
The agency is not adjusting rules for the fundraising process known as initial coin offerings, or ICOs, either, he said. ICOs have raised $9.1 billion this year alone, according to the latest research.
“If you have an ICO or a stock, and you want to sell it in a private placement, follow the private placement rules,” Clayton said, “If you want to do any IPO with a token, come see us.”
The SEC is “happy to help you do that public offering” if issuers take the responsibility SEC laws require, he said. This falling on the tail end of the latest theft of over $30,000,000 in Cryptocurrency has left the Securities Exchange Commission shaking their heads.
The chairman also addressed a growing debate over which cryptocurrencies should fall under SEC jurisdiction.
“Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin,” Clayton said. “That type of currency is not a security.”
A token, or a digital asset used in a fundraising process known as an initial coin offering, or ICO, are securities by Clayton’s definition. Such as Ethereum and Stellar as examples but may be used or defined as an altcoin. Says John Nehmatallah