NEW YORK, Dec. 28, 2017 /PRNewswire/ -- Seven Stars Cloud
Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), Chairman and
CEO Bruno Wu announced today a brief
update on how the Company's digital asset securitization solutions
differ from ordinary cryptocurrency:
"Seven Stars Cloud is a next-generation Artificial Intelligence
and Blockchain-Powered Financial Technology Company with one of its
focuses being the delivery of digital asset securitization
solutions. With the intersection of technology and finance
constantly progressing and evolving at a high-speed pace, and with
the persistent misunderstanding about cryptocurrencies, it's
important to me to make sure that both investors and future
business partners comprehend the concise but vital differentiation
between Seven Stars Cloud offerings and others."
''Cryptocurrencies' are used principally outside existing
banking and governmental bodies, are traded over the Internet and
have the unique potential to challenge existing systems of currency
and payments. SSC and its solutions differ in that: 1. SSC's
business is entirely not cryptocurrency-based but a super
intelligence driven AI+blockchain financial services company
focusing on delivering digital asset securitization solutions; 2.
SSC believes that cryptocurrency offerings first and foremost need
to be pegged to real assets so risk can be measured and rated,
securitization can be priced and finally the offerings regulated to
protect investors and all parties involved. Consequently
SSC's solutions are built upon these fundamentals; 3. SSC
believes that because current cryptocurrency offerings are not real
asset based and not regulated, that they will ultimately not retain
their value and in addition are merely mediums for
speculation; 4. SSC's platform is only open to
cryptocurrencies with the highest market circulation as one of the
payment settlement mediums for digital asset securitization
together with all legal currencies, credits and other methods of
payment settlement."
http://www.sevenstarscloud.com/
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Media Contact: Jason Finkelstein,
jason.finkelstein@wcstnet.com, 732-778-8068
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SOURCE Seven Stars Cloud Group, Inc.