In Search of Regulation: More Plans and Steps Already Taken

In Search of Regulation: More Plans and Steps Already Taken

Delisting of BTG, South Korea's plans for blockchain, ETFs explained again, Philippines on crypto exchanges regulation, rumors about Bitmain's policy, EU discussing crowdfunding

  • No BTG trading on Bittrex. The major cryptocurrency exchange delisted Bitcoin Gold after the BTG team had refused to pay $265,000 in compensation for damage suffered by the exchange as a result of May’s 51% attack on BTG.
  • South Korea can’t enough of blockchain. The government seeks to pilot 12 blockchain projects in the public sector in 2019. This is twice as more than this year.
  • Andreas Antonopoulos: ETFs are bad for Bitcoin. He says that, though the launch of ETFs will initially bump up the price, they will prove detrimental for the market by contributing to investor speculation.
  • Philippines look to regulate exchanges. The government recognizes the popularity of virtual currencies and sets out to develop appropriate rules around exchanges.
  • ‘If you are bullish on Bitcoin, you are most probably right’: Hermann Finnbjörnsson, founder and CEO of Svandis, says that there is less than a 1% chance that Bitcoin won’t succeed.
  • Daily reminder: Never invest more than you can afford to lose. An airline cabin-crew member from Abu Dhabi loaned $100,000 from a bank and invested in cryptocurrencies. The catch is that he did it near the end of 2017.
  • Bitmain may be fooling investors. The Chinese mining giant said that a Russian billionaire fund (DST Global) invested in Bitmain. The truthfulness of the statement is yet to be confirmed — ed. note.
  • EU discusses ICO regulation. An EU-held upcoming event dubbed ‘Regulating ICO´s – Is the Crowdfunding Proposal what we were looking for?’ is scheduled to take place on September 4. The invitation to the event was kindly extended to Finrazor by the office of Ashley Fox MEP. Sadly, Finrazor will not be able to attend the event for geographical reasons.
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