Owen Davis of Dealbreaker—a self-described Wall Street Insiders’ publication—recently attended the inaugural ICO Forward summit in Manhattan. Davis’ take away has been making its way across the web over the last week, popping up in Bloomberg and a handful of other high-profile fintech publications. The gist of Davis’…
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Government Regulation
Bitcoin, Ethereum, and all other altcoin cryptocurrencies follow varying government regulation around the world. 99 Crypto reports on regulatory cryptocurrency news as it unfolds.
Japan Embraces the Cryptocurrency Movement due to China's Suppression of Digital Currencies
A year ago, China had 90 percent of the bitcoin trade. However, Beijing banned initial coin offerings or ICOs and regulators cracked down on bitcoin exchanges. In September, the bitcoin trade was taken over by another Asian dynamo. Japan realized bitcoin was a legal form of payment and now bitcoin…
India's Supreme Court is Calling on the Government to Control Bitcoin
The Hindu reported Tuesday that three justices on India’s Supreme Court sent out notices to the financial market regulator, the tax department, the central bank, and other government agencies requesting answers to an appeal on the bitcoin predicament. The court is concerned, as it said in its original petition,…
Class Action Law Suit is Aimed at Tezos Founders
In less than three weeks, a second class action law suit has been filed against the founders of the Tezos project. Filed in U.S. District Court in Florida, Tezos founders, Arthur and Kathleen Breitman, have been charged with selling unregistered securities. In July, they raised $232 million in their…
UK Financial Authority Warns Against Crypotocurrency Derivatives
Digital currency-based cryptocurrency is said to be a high risk investment. The Financial Conduct Authority (FCA), a British Regulator, cautioned investors about signing contracts for CFDs or contract for differences. The FCA warned investors about crypto-based CFDs. CDFs are high risk. Some of the risks include charges and funding costs,…
ICOs Have Potential for Inventors, Claims Russian Bank Official
Initial coin offerings or ICOs gained support from Russia’s central bank recently. Sergey Shvetsov feels ICOs have tremendous potential for business startup and entrepreneur funding. The first deputy governor of the Bank of Russia, Sergey Shvetsov, claims the bank will support the advance of ICO fundraising in Russia. TASS,…