Research Paper Says Issuers of ICO Tokens Will Face Class Action Lawsuits

This month a law firm called Polsinelli LLP published a study called “Cryptocurrency Class Action Lawsuits: A New Frontier” which explains that initial coin offerings (ICO) will spark a large number of litigation proceedings against cryptocurrency projects and businesses. Also read: New Study Looks at the Cost to Mine BTC Across the Globe ‘ICOs May Be … Read more

‘Decentralized Bank’ ICO Miroskii’s Entire Team Is Phoney

A new initial coin offering (ICO) called Miroskii hopes to build a ‘decentralized bank’ by utilizing blockchain technology. Looking at the white paper and the website, it appears to have solid ideas and even a nice looking team behind the project. However, looking a bit closer at the team shows the ICO’s ‘graphic designer’ just … Read more

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure

Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Two Token Marketplaces Halt Trading Two Indian crypto token marketplaces, Btcxindia … Read more

Russian Authorities Criticized over Proposed Crypto Regulation

Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others. Experts from the crypto sector have expressed concerns about many unresolved issues in the proposed legal framework. … Read more

Bafin Clarifies Stance on ICOs as More Germans Ask About Tokens

Germany’s financial regulator has clarified its position on initial coin offerings. Bafin admitted it was receiving many inquiries about the status of tokens and cryptocurrencies distributed to investors through ICOs. The federal agency advised interested parties to refer to regulations applicable to traditional financial instruments and comply with current requirements. A new survey found out … Read more