Quantum Blockchain Technologies Ltd.: Quantum Announces Extension to Proposed Transaction with Ocumetics Technology Corp.
Quantum ) is announces that it has entered into an agreement (the
Amendment ) to extend the deadline for the completion of the proposed business combination (the
Transaction ) contemplated by the non-binding letter of intent dated July 25, 2020 with Ocumetics Technology Corp. (
Ocumetics ) from December 15, 2020 to April 15, 2021.
As previously stated in Quantum s press release dated July 27, 2020, the Transaction is expected to require the security holders of Ocumetics to exchange all securities of Ocumetics for common shares of Quantum on the basis of three common shares in the share capital of Quantum for each share of Ocumetics (regardless of class) issued and outstanding at the time of the completion of the Proposed Transaction. Each warrant that is issued and outstanding in the capital of Ocumetics will be exchanged for three warrants of Quantum h
Russian Government Sets Deadline for Officials to Disclose Crypto Holdings
Last Updated: 12 December 2020
For a substantial part of 2020, the Russian government has established regulations and brought order to its crypto space. Beyond just the obligations of private individuals and firms, the laws are also stretching to government officeholders.
Time for Transparency
On Thursday, Russian President Vladimir Putin officially amended the country’s crypto guidelines, “On Digital Financial Assets,” to compel government officeholders to disclose their crypto investments. The decree stipulates that officials will need to disclose information such as the digital assets they own, the data of acquisition, and how much of the assets they own.
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