The document revealing details of that concept was published on Michael Saylor’s personal website.
It suggests dividing digital assets into several groups, establishing legitimacy for them, setting up “rational compliance” as well as offering a vision of “Capital Markets Renaissance.”
As part of this concept, Saylor believes it is necessary to divide digital assets into several categories. That includes a “digital commodity,” i.e., assets without an issuer and backed by digital power, such as Bitcoin; a “digital security,” which is “An asset with an issuer, backed by a security (e.g., equity, debt, derivatives).”
The above-mentioned document also includes a section about the creation of a “robust framework of rights and responsibilities” targeted at asset issuers, exchanges and asset owners in order “to engage in digital asset markets with confidence.”
A key principle for implementing the concept and following it afterward says: “No one has the right to lie, cheat, or steal. All participants are civilly and criminally responsible for their actions.”
As of late, these accumulations have been made thanks to the debt raised by the company from shareholders who receive yields on their indirect Bitcoin investments in MicroStrategy.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
