On September 22, 2020, the initial public commodity offering of the Diamond Standard Coin was covered in a story published in The Wall Street Journal, which announced a Coin offering date of September 28.
The Wall Street Journal reported that this offering was regulated by the Bermuda Monetary Authority (the “BMA”), but did not make the point that the BMA regulatory license for that offering is pending final issuance.
DiamondStandard.co is the exclusive venue where Diamond Standard offerings are described and made. Any Diamond Standard offering, its terms of sale, and the status of regulatory approvals, if any, are available at this site.
Any BMA licensed Diamond Standard Coin and Token Offering is subject to the issuance by the BMA of a Digital Assets Business Act license. If a license for a BMA regulated offering has not been issued by the BMA, such offering will be delayed until a license is issued, or will be cancelled. No sale will be made, and no investor funds shall be accepted for any BMA licensed token sale without an issued license.