In recent days, it has been reported that Korean authorities are in discussions to reverse a sweeping
ban on initial coin offerings (ICOs) in the country.
Late last year the Chinese government ordered all cryptocurrency exchanges in the country to shut down, in addition to a
ban on initial coin offerings.
That was the pivotal piece of Litecoin news this week (because China's
crackdown on initial coin offerings applies more to decentralized application blockchains like Ethereum).
And, in September, the authority also issued a formal
warning on initial coin offerings (ICOs) stating that they constitute «very high - risk, speculative investments.»
Despite the overall measured tone among lawmakers at Wednesday's House subcommittee
hearing on initial coin offerings, a few members of the panel made inflammatory statements.
China ordered a complete ban
on all initial coin offerings by pulling down the shutters of cryptocurrency trading exchanges for containing the inherent financial risks associated with money laundering and hacking of virtual wallets which has plagued the crypto world since the very beginning.
It's also an example of the creative lengths to which blockchain companies are going in order to stay in - bounds of a threatened crackdown by the U.S. Securities or Exchange
Commission on initial coin offerings, or ICOs.
A report of a Commodity Futures Trading Commission subpoena on major cryptocurrency exchange Bitfinex and an Securities and Exchange Commission emergency asset
freeze on an initial coin offering added to negative sentiment that day.
On 26 February the European Commission held a roundtable focused on the implication of cryptocurrency for financial markets, the risks and opportunities of their use, and recent
developments on initial coin offerings.
Amid tighter regulatory
measures on initial coin offerings (ICOs) and increased scrutiny from financial watchdogs, the domestic cryptocurrency market has seen what appears to be its largest - ever correction.
Armstrong is bullish on ethereum, excited for the launch of his new ethereum - powered payment app Token,
cautious on initial coin offerings (ICOs) and clear and concise when talking about his company's direction forward and the various opportunities available to it.
While speaking in favor of blockchain's potential in fostering the loan market, CBRC is also one of the seven Chinese state agencies that jointly issued the notable ban
on initial coin offering activities in September of 2017.
The argument against Ripple: Critics here argue that there's a case that XRP could be considered a security because of the way that it was released in many ways a
variation on the initial coin offering (ICO) model.
South Korea's financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in
China on initial coin offerings.
But they certainly added to a bearish mood that's been brewing since China began cracking down last
month on initial coin offerings and, reportedly, cryptocurrency exchanges.
Elsewhere in the announcement, the ISA also noted that an interim examination
report on initial coin offerings (ICOs) is expected to be published in coming days, following the establishment of a committee last August to provide recommendations for oversight of token - based fundraising activities.
As reported by CoinDesk, Russia's Ministry of Finance released a draft of its legislation last month, which seeks to put
thresholds on initial coin offerings (ICOs) in an effort to allow fund - raising activities to continue in a regulated environment.
As was announced yesterday, China government officials have pushed
pause on the initial coin offering (ICO) market with a strong statement effectively banning any tokenized offerings in the near term.