Thai’s securities regulator will allow the first Initial Coin Offering (ICO) portal to function from this December according to local news reports.
Although the speculative cryptocurrency market calmed down due to the pressure from the governmental financial regulators, investments in blockchain-based startups continue to grow. During 2018 over 4 billion dollars were invested in such projects. According to the crypto market analysts, instead of going through the initial coin offerings (ICO), more venture capital is now turning to the blockchain startups as the new form of investment.
The step comes in pursues of keeping the country as a top-notch in the financial sector with all new.
Just a week ago, the Federal Financial Supervision Agency of Germany (BaFin) issued a three-page guide entitled “Warning of uncontrolled investments on the Internet” for investors on how to identify fraudsters. This week it was announced that the German financial regulator has released another document dedicated to the “black market” and the blockchain.
Active growth of the crypto market with a number of unsuccessful projects raise a question about the future of the cryptocurrency and blockchain in 2019. Experts claim that in order to have high chances of a long-term role in the market, blockchain applications and crypto assets must provide users with real financial results.
Due to the serious underperformance of the tokens generated via initial coin offerings (ICO), compared to Bitcoin (BTC) and Ethereum (ETH), many projects funded by ICO had to take drastic measures to survive.
A blockchain startup in South Korea, as per the local media, will file a constitutional appeal against the ban on Initial Coin Offerings (ICO), which the government imposes in the country.
A new attempt for putting a limit for all the current controversy with regard to cryptocurrency and ICOs and how they should be treated and classified.
The Estonian Financial Supervision Authority (FSA) is reportedly studying imposing more restrictions on the cryptocurrency and token market sectors, as per media outlets.
A federal judge has denied the US Securities and Exchange Commission (SEC) a preliminary injunction against Blockvest after he granted a temporary restraining order on the same issue.
The South Korean Ministry of Finance has recently announced that it is considering imposing taxes on cryptocurrency trading in the country.
The Monetary Authority of Singapore has released a guide for businesses that want to make money through an ICOs in the city-state.