This Canadian Bank Is Reaching Out to Blockchain Startups and ICOs (bitcoinmagazine.com)

Financial institutions in Canada have largely embraced blockchain technology, with most major banks, including the central Bank of Canada, conducting pilot projects or at least research into the uses of blockchain technology in banking. In fact, the Bank of Canada has gained a reputation for blockchain-friendliness with its experiments with mock digital currencies and payment systems on the Ethereum blockchain.As for bitcoin and other cryptocurrencies, they’ve mainly been getting the cold…

Bitcoin

Swiss Regulations Are Driving ICOs Away (news.bitcoin.com)

Ever since ICO mania exploded in early 2017, Switzerland has served as Europe’s de facto crowdsale launchpad. Financial authorities have welcomed crypto startups, and the likes of Tezos, Mysterium, and Arcblock have all heeded that call. Guidelines laid out by Switzerland’s Financial Market Supervisory Authority (FINMA) in February were meant to add clarity for ICOs. Instead, they’ve had the opposite effect.
Also read: 

Bitcoin

England: Unauthorized Crypto Futures and ICOs are Criminal Offences (news.bitcoin.com)

In a statement released 6 April 2018, the Financial Conduct Authority (FCA) of England attempted to clarify its jurisdiction in the ever-booming cryptocurrency industry. While acknowledging cryptos are “not currently” regulated by the bureau, crypto futures, contracts for difference (CFDs), options, and initial coin offerings (ICOs) do indeed fall under their purview. Furthermore, crypto firms running afoul of necessary FCA authorization are committing “a criminal offence.”
Also read…

Bitcoin

Strict Rules for ICOs Prepared in Russia (news.bitcoin.com)

A new set of regulations for ICOs has been presented by the Russian Ministry of Communications. Companies organizing token sales will be obliged to guarantee that investors can sell back their tokens. Coin issuers will have to prove they control at least 100 million rubles of authorized capital in a Russian bank account.
Also read: New Study: 80

Bitcoin

ICOs Are Keeping More of the Pie to Themselves (news.bitcoin.com)

With diminishing returns, increased demand, and pre-sales muscling out public sales, profiting from ICOs in 2018 is a tall order. Just to add to investors’ woes, the percentage of tokens allocated for public sale is also on the decline. On average, ICOs now keep more of the pie to themselves and dole out increasingly slender pieces to the public.
Also read: 

Bitcoin

Swiss Officials Fear ICOs Will Tarnish Reputation of ‘Crypto Valley’ Zug (news.bitcoin.com)

Cryptocurrency foundations, community organizations, and entrepreneurs have helped put the lightly populated Swiss canton of Zug on the business world’s map. While the local administration has created one of the most welcoming environments for the industry, some voices fear possible negative repercussions such as bad press and an American regulatory backlash.
Also Read:

Bitcoin

Following ICOs, SEC Subpoenas Cryptocurrency Hedge Funds (news.bitcoin.com)

The SEC has reportedly summoned the managers of several cryptocurrency-focused hedge funds. This sector has been rapidly growing over the past year and the American regulators apparently want to make sure they have a handle on the situation and to ensure that funds are not going to fields they disapprove of such as ICOs.

Also Read:

Bitcoin

Op Ed: FinCEN Policy Positions Offer Murky Guidance for ICOs (bitcoinmagazine.com)

The Financial Crimes Enforcement Network (FinCEN) appears to be taking steps to eliminate some of the ambiguity surrounding the status of ICOs as money services businesses (MSBs). On March 6, 2018, FinCEN released a letter it sent in February to U.S. Senator Ron Wyden (the “Wyden Letter”). The letter stakes out a policy position that could be seen as somewhat inconsistent with prior FinCEN guidance and could…

Bitcoin

Bitcoin steadies as investors watch for news on US crackdown on ICOs

An ICO is a fundraising method in which a company issues its own cryptocurrency, often in exchange for bitcoin. The SEC has had its eye on the industry for a while — in December, a new cyber unit halted an allegedly fraudulent ICO. Some $ 6.5 billion was raised last year in the industry, which has been …
Google Alert – bitcoin

Goldman Tech Conference Takeaways on Bitcoin, Ethereum and ICOs

While speakers praised Bitcoin's usefulness as a store of value and and its unmatched liquidity among cryptocurrencies, they were quick to argue its technical limitations – manifested in its very high transaction fees, as well as the long time it often takes for Bitcoin transactions to settle – made it relatively …
Google Alert – bitcoin