Common use of Uncertain Regulatory Framework Clause in Contracts

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact Blockstack Tokens in various ways, including, for example, through a determination that Blockstack Tokens are regulated financial instruments that require registration. Company may cease the distribution of Blockstack Tokens, the development of the Blockstack Platform or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Appears in 3 contracts

Sources: Token Purchase Agreement (Blockstack Inc.), Token Purchase Agreement (Blockstack Inc.), Token Purchase Agreement (Blockstack Token LLC)

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact Blockstack Haladinar Tokens in various ways, including, for example, through a determination that Blockstack Haladinar Tokens are regulated financial instruments that require registration. Company may cease the distribution of Blockstack Haladinar Tokens, the development of the Blockstack Platform Project or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Appears in 1 contract

Sources: Token Sale Agreement

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact Blockstack Upthinity Tokens in various ways, including, for example, through a determination that Blockstack Upthinity Tokens are regulated financial instruments that require registration. Company may cease the distribution of Blockstack Upthinity Tokens, the development of the Blockstack Platform Upthinity Software or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Appears in 1 contract

Sources: Membership Purchase Agreement

Uncertain Regulatory Framework. The regulatory status of cryptographic tokens, digital assets and blockchain technology is unclear or unsettled in many jurisdictions. It is difficult to predict how or whether governmental authorities will regulate such technologies. It is likewise difficult to predict how or whether any governmental authority may make changes to existing laws, regulations and/or rules that will affect cryptographic tokens, digital assets, blockchain technology and its applications. Such changes could negatively impact Blockstack AST Tokens in various ways, including, for example, through a determination that Blockstack AST Tokens are regulated financial instruments or securities that require registration. Company may cease the distribution of Blockstack AST Tokens, the development of the Blockstack Platform HUMENA business projects or cease operations in a jurisdiction in the event that governmental actions make it unlawful or commercially undesirable to continue to do so.

Appears in 1 contract

Sources: Token Purchase Agreement