Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC.
Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing.
When asked about Network Marketing and Crypto in the USA Kevin Thompson stated:
“Crypto and MLM is a legal impossibility.
The entire point of crypto is for it to be open, decentralised, permission less.
It does not pair at all with a centrally controlled business. If tokens are involved, people will participate with the expectation/hope that the tokens will appreciate in value. This immediately renders the token a Security.
I’m a believer in blockchain. I think it provides people with an offramp from traditional finance. People have a lot of reasons to distrust traditional finance.
But that does not mean that a MLM can create and control its own blockchain.
Instead of having an open mind and assuming that a program is “innocent until proven guilty,” the presumption should be that it’s impossible until proven legitimate.”
About Thompson Burton
Thompson Burton redefines the art of law by utilising creativity, technology, flexibility and innovation to more effectively deliver information and connect with our clients
Tag Archive for Crypto
Hot Business News Today
Network Marketing And Crypto: How To Review The High Risk
by Team Business For Home • • 0 Comments
We at Business For Home are Hardcore Network Marketing Activists for over 15 years, and have an open mind for any opportunity with a compensation plan.
A Network Marketing compensation plan and a Crypto coin or token is a very high risk combination and for more than 10 years, hundreds of companies failed with it, if not 1,000+. Often with very bad actors in it, both at the corporate side as field leaders. We have not seen any success in the combination.
For years we noticed failure after failure, management on the run with investors funds, manipulation in the genealogy (tree) for the benefit of management (family members) or chosen leaders. Manipulation of the value of the coin at exchanges.
Money made in this field in the past are through recruitment commissions and very rarely because the value of the coin or token went up. We have no problem with top earners making millions, but crypto investors have other expectations.
“However, if done right with top management, top developers and top leaders, somebody might figure out, how to make it a big success.” – Ted Nuyten, CEO Business For Home.
In this article we do not cover the legal side of Network Marketing and Crypto,
Hot Business News Today
FutureNet – FuturoCoin Crypto Review
by Ted Nuyten • • 0 Comments
In an article Crypto Currency And Network Marketing Can It Work? I defined a number of requirements for a due diligence and this review is based on that. Personally I like crypto currencies and see their future, if executed well, with or with a compensation plan.
FuturoNet / Futoro-Coin is making waves and we get many requests for interviews, reviews etc. This review is for the FuturoCoin.
Recently the Steinkeller brothers got involved and according to below picture netwerk marketers such as: Daniel Culverwell, Stephan Steinkeller, Aron Steinkeller, Cavit Cevdet Ayvaz, Lo Culverwell, Giles Whiting, Stephan Morgenstern, Jan Snoek, Christian Steinkeller, J. Ryan Conley, Gosia, Marcin Witek, and Aleks Ukmar are the top earners.
By the way: J. Ryan Conley is an USA leader, I do not understand how he thinks he can operate under the radar of the SEC and FTC who consider any crypto – mlm offering in the USA as illegal.
FuturoNet Leaders in Dubai 2018
According to the FutureNet website:
FutureNet company was established in 2012 and on 01.11.2014 we have launched our social media platform. During last 6 years we have provided 2 new platforms and dozen of products and online services which are used by over 2,5 million community from over 190 countries of the