A new crypto treasury management Service has been launched by Panxora Group (a cryptocurrency consortium) this is to enable ICO traders to manage the raised funds more efficiently, use it to develop their business and also survive the cryptowinter. Gavin Smith, CEO commented, “Too many exciting projects have fallen by the wayside due to poor financial management. With the TMS, ICO founders no longer need to worry about being able to keep the lights on and can instead focus on their ideas.”
A new AIPBS has been released by PowerBrain.Shop® (an Artificial Intelligence firm) baed on Ethereum blockchain which can be traded in open market. Christian Kramer, co-founder, and CTO explained, “We’re building the next revolutionary milestone in mass market adoption of Artificial Intelligence. The company is now looking to attract investors and run its crowdfunding phase until the end of September 2019. By then we will hit the ground running.”
The initial coin offering (ICO) of Velocity Ledger Holdings Limited (VLHL) has recently received the approval from the Bermuda Ministry of Finance, if the Bermuda Monetary Authority (BMA) also gives green light the firm will start its digital asset exchange operations in Bermuda . The CEO of VLHL, Shawn Sloves have explained, “Bermuda has adopted pragmatic, non-restrictive frameworks for digital assets that provide regulatory certainty to market participants.”
The National Securities Market Commission of Spain have made it clear that they did not give any permission for any entity to conduct an initial coin offering (ICO). The regulators have also explained that the decision made was not only replying to the fact, and to investment companies in the countries should be compliance with the regulations for certain market in the country.
The financial watchdog of Switzerland, Financial Market Supervisory Authority (FINMA) have discovered that the company behind the $90 million initial coin offering (ICO) turns out to be illegal. In its statement the Envion AG has accepted more than $91 million from 37,000 investors in exchange for bond-like tokens issued without a license.
Approval has been made by Thailand’s securities regulator to the country’s first initial coin offering portal. The director of the fintech department at the SEC, Archari Suppiroj told that the approval of the first ICO portal in the country was finalized for official approval with the other relevant government department and agencies such as Commerce Ministry and many more.
The Finance Ministry of Germany have made it clear that the utility tokens do not fall under the Securities Trading Act. A short document published in the country according to a rough translation have explained, “As a rule, utility tokens do not constitute securities, investments or other financial instruments within the meaning of the German Securities Trading Act…”
The Securities and Exchange Commission (SEC) in Thailand has recently added XRP, ETC, XLM & More For ICO trading allow private ICOs to take place without the registration statements and draft prospectus; but made it clear that it doesn’t see any of the above as legal tender & used in compliance with the nations legal regulations.
The Central Bank of Lithuania, Bank of Lithuania has updated the position of cryptocurrencies and initial coin offering (ICO) in the country. The bank has explained, “Given the emergence of new market models, market participants are also prohibited from issuing virtual asset loans or accepting it as collateral (except for cases where virtual asset tokens are considered to be securities).”
Cagayan Economic Zone Authority (CEZA) of the Philippines is the principal regulating authority of the nation have come up with a comprehensive framework to regulate the cryptocurrency industry, with a special focus on initial coin offerings (ICOs). Raul Lambino, CEZA administrator and CEO, said: “It is our goal to provide a clear set of rules and guidelines that will foster innovation…”