A Japanese village with a population of about 1500 people, is looking to boost the local economy by launching a Municipal ICO. Nishiawakura village of the Japanese Okayama Prefecture, recently made the announcement on the launch of the ICO. It is interesting to see how this will develop, considering Japan currently has no formal regulations covering ICOs.
Controversial ICO staunch supporter and promoter, John McAfee says he will no longer be promoting nor supporting ICOs from henceforth. Perhaps, the potential 2020 US Presidential Candidate is wary of getting on the bad side of SEC. Interestingly, he has promised to release an article about an alternative to ICOs that even “the SEC cannot touch.”
Following SEC’s classification of ICOs as securities, a New York based blockchain company is gearing up to be the first SEC compliant platform to trade in token securities. The Prometheum platform will allow companies to issue tokens through a regulatory-compliant Reg A+.
Employees of the U.S. executive branch have been advised to disclose their cryptocurrency holdings. The legal advisory was published by the U.S. Office of Government Ethics. One wonders, if this not against the fundamental human right to freedom of possession? Considering cryptos are not yet deemed illegal.
Bank of Korea has decided it will not issue virtual currencies backed by the country’s central bank…yet. It nevertheless acknowledges the challenges as to why this is impossible for now, ranging from unclear regulatory framework to credit risks and liquidity.
Ex-FBI founded law firm just issued an unofficial statement saying Tether has the requisite USD to back its tokens. This is in essence confirming Tether’s claim that each of its 2.8 billion tokens in circulation is backed by one USD.
EOS 21 Block Producers violate Article III of the EOS Constitution, by freezing seven suspicious accounts. According to Article III, the powers of the Block Producers lie in executing the decisions of the Blockchain’s Arbitration bodies.