Gibraltar may be moving to regulate initial coin offerings (ICOs), but officials say it will be up to the market to determine what a "good" token sale looks like. The U.K. overseas territory announced that it was drafting ICO regulation earlier this month, which will include the implementation of...
The “first” guarantee system for Initial Coin Offering (ICO) investments is set to launch in Russia in 2018, local media outlet Izvestia reported Feb. 19.The system, dubbed ICO-hub, is being developed by Globex Bank, which is a subsidiary of state-owned Vnesheconombank (VEB) bank, together with the Russian...
A group of European Union regulators will meet next week to discuss the regulation of cryptocurrencies. Speaking to reporters on Tuesday, European Commission vice president Valdis Dombrovskis said that the meeting would involve representatives from central banks as well as the bloc's market supervisors. Though unnamed, Dombrovskis said that "market...
South Korean  appears to be softening its stance on cryptocurrency trading. According to Yonhap News Agency, Choe Heung-sik, governor of the Financial Supervisory Service (FSS) has said the government "will support if normal transactions are made." At a meeting with representatives from cryptocurrency exchanges, Choe also said the government...
Chinese multinational PC company Lenovo has filed a patent with the U.S. Patent and Trademark Office (USPTO) for a system to “verify integrity of physical documents,” using a "security Blockchain.”The patent application was submitted in August 2016, but was published late last week on Feb. 15.The use...
Cryptocurrency “scams” generated over 1200 complaints to Australia’s consumer watchdog in 2017, according to new figures it released this month.Local news media outlet ABC reports data it obtained from the Australian Competition & Consumer Commission (ACCC) reveals 1289 complaints, some of which appear to relate to token...
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.If you would...
Paul Paray is an attorney in Allendale, New Jersey, focused on privacy and technology matters. In his Feb. 8 opinion piece for CoinDesk, Santander's Julio Faura suggests that "utility tokens are a bad idea" because it would be a "lie to ourselves" to suggest initial coin offerings (ICOs) were...
The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare.The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as...
Visa and payment processing company Worldpay issued a joint statement on the Coinbase blog today, Feb. 17, taking responsibility for charging Coinbase customers multiple times for the same transaction.Before admitting fault in the statement published by Coinbase today, Visa had at first shifted the blame back to...