GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology (FOTO) - Seite 3

Standard Banking Corporation AG involves companies and civil society
organizations in the development of the block chain technology strategy.

8) Guarantee IT security and data protection:

Only if block chain applications meet the IT security requirements recommended
by experts and the legal requirements of data protection, risks can be
minimized, misuse prevented and a high level of acceptance achieved. This is the
maximum effort of GSB Gold Standard Banking Corporation AG and its CEO Josip
Heit.

9) Provide for adjustments:

Due to the high speed of technological development, further action and the
intervention of state institutions may become necessary in the future. Against
this background, GSB Gold Standard Banking Corporation AG understands the
block-chain strategy as a learning strategy which must be reviewed and developed
further at regular intervals.

10) Electronic securities:

The German Federal Government, according to information provided by GSB Gold
Standard Banking Corporation AG, proposes to open German law to electronic
securities. The currently mandatory requirement of the documentary embodiment of
securities (in paper form) will no longer apply without restriction. This
regulation of electronic securities is to be technology-neutral, which GSB Gold
Standard Banking Corporation AG fully supports, since, according to Josip Heit,
only comprehensive regulation provides security for the user.

The German Federal Government has recently, on 7 March 2019, initiated a
consultation process with the publication of a key issues paper and aims to
publish a draft law in 2020.

Josip Heit and GSB Gold Standard Banking Corporation AG fully welcome this
consultation process of the German government and look forward to a period of
sustainable regulation within this financial sector.

Contact:

GSB Gold Standard Banking Corporation AG, Melanie Berger, Große Bleich
en 35, 20354 Hamburg, Phone: [phone] - 190, Mail: [e-mail]
Web: https://www.gsb.gold/en

Additional content: http://presseportal.de/pm/138064/4669513
OTS: GSB Gold Standard Banking Corporation AG