Indian police in the state of Jammu and Kashmir have issued a public statement, warning against investing in cryptocurrencies. The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2. Police reportedly warned… Continue reading Indian Police Warn Public Against Investing in Cryptocurrencies
Category: regulations
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Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major algorithmic stablecoin Basis, which raised $133 million in April, is shutting down and returning funds, say anonymous sources. Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,”… Continue reading Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Study: ‘Compliance Trilemma’ Limits Potential of ICOs
A recent study funded by the Canadian government has revealed that ICOs are facing regulatory compliance challenges that limit their potential. Initial coin offerings (ICOs) are facing a regulatory “compliance trilemma,” according to a recent study funded the government of Canada and the University of British Columbia (UBC). To prepare the report, the research team… Continue reading Study: ‘Compliance Trilemma’ Limits Potential of ICOs
The Stable Coin Frenzy Continues, Met with Criticism from Experts
One of the most popular cryptocurrency products being released in 2018 are stable coins, which widely market themselves as having all the benefits of cryptocurrencies, minus the volatility. Despite seeming like a practical product, some critics claim that they pose too many problems to ever be widely adopted. Controversy Surrounding Tether Sparks Frenzy The stable… Continue reading The Stable Coin Frenzy Continues, Met with Criticism from Experts