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Securities and Exchange Commission (SEC) Thailand has recently approved the country’s first portal for Initial Coin Offerings (ICOs). The purpose of approving the ICO portal is to screen tokens, perform due diligence, ensure project consistency with its whitepaper, and verify the know-your-customer process. According to Bangkok’s post, the county’s SEC’s …
South Korea Still Wary of ICOs The current week saw South Korea’s decision to continue the ICO ban in the country, an effort which could prove to be beneficial for other big crypto markets in Asia. The virtual currency task force of the office for Government Policy Coordination released a …
As the world has been witnessing a tumult in the crypto market for almost a year now, blockchain technology, however, continues to attract capitalists and innovators from all around the globe. Blockchain Technology has become a topic of discussion that makes people’s head turn. In the event, “Decrypting Blockchain for …
Thailand’s Revenue Department has planned to use the blockchain technology for tracking value-added tax (VAT) payments in the country. According to the reports, the department wants to implement blockchain to prevent fraudulent VAT refund activities in the country. The VAT is a kind of consumption tax levied on goods and services. …
The Japanese news outlet Jiji has announced that the country’s financial regulators are all set to introduce new Initial Coin Offering (ICO) regulations. The new rules aim to protect investors from fraudulent activities. The report said that startups that conduct ICOs should register with Japan’s Financial Services Agency (FSA). The agency …
Israel-based startups have raised more than $600 million through Initial Coin Offerings (ICOs) as of the third quarter (Q3) of 2018. The research firm One Alpha released these analytics on November 2. The research says that 140 blockchain-based firms in Israel have raised $1.3 billion in investment. The investments include 60 …
The government of Kiev announced that it would legalize cryptocurrencies to regulate the fintech sector. The announcement is a part of a new public policy developed by the economy ministry. The process may take up to three years to complete. The industry built around cryptocurrencies should become a legitimate part …
An Australian cryptocurrency startup named Global Tech Exchange (GTE) has recently stopped its operations. The company website states that the ICO could not meet the Australian Securities and Investments Commission (ASIC) requirements. According to the report, the ICO was launched in the summer of 2018 and was aimed to create …
The Central Bank of Russia’s head Elvira Nabiullina stated that crypto craze has started to fade away. Elvira was recently a part of country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17. While speaking at the conference, she signaled the change in the stances of “businesses” towards technologies …
North Dakota’s security watchdog is taking action against ICO projects which are operating illegally in the state. Karen Tyler, the commissioner of the North Dakota Securities Department, has issued cease orders on three ICOs. These ICOs are unregistered and potentially fraudulent. The regulators’ team has recently published a Press Release …
