Frequently Asked Questions about Unirealchain
Recently, Unirealchain has received many questions from interested investors. Most are questions concerning the notion of legitimacy. The team at Unirealchain discusses these concerns revolving around the legitimacy of asset ownership when using the UnirealEx Exchange in today’s article.
- How will Real Estate Trading on UnirealEx be Approved and Legally Protected?
Trading is legally approved for the following reasons: the joint purchase is implemented by a real estate company under the affiliated UNR system or the UNR buys the property and issues a convertible bond by cryptocurrency for the joint purchaser. Therefore, the joint purchase is legally recognized for the name of a property. Issuing bonds to replace Tokens only to the extent that the value of such assets is specified by corporate bonds or state bonds or bank bonds (so UNR must do this specifically to ensure legal interests for investors to join purchase and sell.
2. What kind of Contract is my Trading Contract?
If it’s a joint purchase, the contract is purchased and locked into an asset for the purpose of issuing a joint purchase. If it’s a separate purchase, the notarized contract is registered in the traditional way, in accordance with the laws of that country. The only difference being that UNR will provide a digitally signed smart contract and will digitize the entire purchase and sale process. This does not follow the traditional method but does follow the technical method. A blockchain algorithm is provided by UNR from the digitally signed contract so that the property is appraised and designated in the buyer’s (registered) name, which has been legally approved. The joint purchase is the same, the only difference is that an entity has a legal name and issues convertible bonds to tokens.
3. How does Unirealchain handle Legal Issues Regarding the Regulating of Cryptocurrency and Real Estate in Vietnam?
Stocks and bonds work in tandem with cryptocurrencies. Although cryptocurrencies are not legally acknowledged in Vietnam, they are still acknowledged and used in parallel with fiat currencies. Cryptocurrencies are continuing to become more popular and accepted by many people and businesses. The only difference between traditional forms of money and cryptocurrencies is that the contract here is a mutually agreed-upon medium of exchange between two or more participating parties. A seller and a buyer of goods, for example, match orders with a smarter and more efficient method. This is a method by which traditional banking and transactions have been eliminated. With this new method, all transactions are digitized and quickly executed while still guaranteeing legitimacy.
An important thing to understand about civil transactions and trading contracts is that every country is the same. Contracts are only declined when prohibited items and materials like narcotics, weaponry and other dangerous agents that may cause harm to health or security are considered. Antiques and other items of national interest are also prohibited from sale and purchase with cryptocurrency.
The buying and selling of goods and assets is allowed and cryptocurrency is used as payment, depending on the agreement made between the buyer and seller. Trading in foreign currencies, in Vietnam, for example, is not allowed. Vietnamese law does not ban the transaction, however, nor does Vietnamese law consider it a violation. Nevertheless, foreign currency trading is not legally protected.
Token transactions as payment are treated the same as stocks and bonds. UNR applies a unique technique to issue, in the form of electronic bonds, a cryptocurrency provided by UNR. This is executed on UNR’s platform to replace the traditional method and transaction portals used by banks. UNR is the pioneer in providing the technical infrastructure, with a fully encrypted algorithm, for the purchase and sale of real estate assets. Using digitally signed smart contracts for payment of transactions continues to grow in popularity. This kind of transacting is the gateway to a promising future for digital currency. In the long run, commerce will adapt to this method and the law will accept it for its transparency, safety, and efficiency.
4. Is Unirealchain Licensed or Certified to Execute Real Estate Transactions with Cryptocurrency?
Unirealchain holds a license as a technology company and is recognized as a real estate exchange in Vietnam as well as worldwide. Although cryptocurrency, as payment for goods and services, is not officially governed or regulated, it continues to flourish and is used by a growing number of people and organizations across the globe. However, when it is used between two or more parties in mutually accepted transactions, neither civil nor economic restrictions can, in any country, be applied.
Hamubay, for example, is accepted by the investing party in the trading contract with Vietnam Dong or other agreements as a form of payment converting between buying and selling.
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