The digital asset management platform Steaker is in hot water as it confronts legal action due to accusations of illegal fundraising totaling around 1.48 billion New Taiwan dollars spanning three years. The Taipei District Prosecutors Office has formally charged Steaker, its founder Huang Weixuan, and three others. Despite the allegations, Steaker vehemently denies engaging in any unlawful activities and expresses disappointment towards the prosecution’s actions. The company emphasizes that virtual assets do not hold the same legal status as fiat currency, clarifying that it solely offers virtual asset allocation services and refrains from dealing with legal tender or facilitating currency exchanges. This clarification was issued to provide a detailed account of the matter.
Legal Allegations and Denial
Steaker and its founder, along with three individuals, are facing legal repercussions due to alleged illegal fundraising activities amounting to 1.48 billion New Taiwan dollars. Although indicted, Steaker has refuted any wrongdoing and expressed its discontent with the legal actions taken against them. The company’s stance revolves around the distinction between virtual assets and legal tender, emphasizing that its services are limited to virtual asset allocation without involvement in traditional currency transactions.
Virtual Assets Clarification
In response to the legal challenges, Steaker released a statement highlighting the nature of virtual assets as distinct from legal tender. The company’s emphasis on providing virtual asset allocation services exclusively, without engaging in the exchange of legal currency, aims to shed light on the core of its operations. By underlining this distinction, Steaker aims to address misconceptions surrounding its business practices and the allegations brought forth.
Company’s Position
Despite the legal turmoil, Steaker maintains its position on virtual assets and the services it offers. The company’s denial of any illegal fundraising activities underscores its commitment to operating within the bounds of the law. By reiterating its focus on virtual asset allocation and steering clear of traditional currency dealings, Steaker aims to uphold transparency and integrity in its operations.
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#Cryptocurrency legal issues, #Virtual asset management, #Digital asset fundraising