Venture Deals · glossary
The capital a regulated crypto-asset firm must hold against its fixed overheads. A bonus issue does not help, because it only moves a sum between two lines of the balance sheet. Chapter 15
Explained in Chapter 15, The Exchange, the Reorganisation and the Handover, of Venture Deals.
The main page for this term is Own funds, in Crypto-Asset Regulation.
A bonus issue creates no money. Share premium fell, and share capital rose by the same amount, so shareholders' funds did not change. Nor did it help the regulator's own funds test, the capital a crypto-asset firm must hold against its fixed overheads. Moving a sum between two lines of one balance sheet changes nothing.Read Chapter 15, The Exchange, the Reorganisation and the Handover →
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