“The company is launching the Double Case token (DCT) on the Solana blockchain to demonstrate how tokenization of corporate capital can be a quick alternative to going public. The token will function as a supporting tool in the Double Case ecosystem and promote the idea of raising capital through tokenization,” the company said on its website.
The company is going to list the token on CoinMarketCap, CoinGecko and all top-CEXs (Binance, Bybit, Huobi, Kucoin, Coinbase, Upbit, OKX, Bitget, Gate, Mexc, BingX).
Double Case CEO Alexandru Ignat said at a press conference dedicated to the launch of the first Moldovan crypto coin that there are no provisions in the Moldovan legislation that prohibit the creation of tokens, at the same time, the company’s example will serve as an impetus for the creation of a regulatory framework in this area.
However, it should be noted that the written instruction dated 28.10.2022, which the National Bank of Moldova sent to payment service providers and e-money issuers registered in the Republic of Moldova, is still in force.
It prescribes: “…cessation of facilitating/intermediating payments from/to payment accounts and e-currency accounts on virtual currency buying/selling platforms and cessation of cooperation/service of companies whose field of activity is the exchange of virtual currencies for fiat currency…”.
After this regulation, the only company in Moldova that worked with cryptocurrencies, Coinbank, ceased its activity.
That is, Double Case Token tokens cannot be exchanged for fiat money in any way at the moment – neither to sell nor to buy them.
How it will be possible to invest in this instrument is not clear yet.
