Regulation The respective financial regulators for Sweden and New Zealand have recently issued statements addressing initial coin offerings (ICOs). Also Read: Sweden Latest Government to Auction Bitcoins, Turns Tidy Profit Sweden’s Financial Supervisory Authority [FSA] Has Issued a Statement Warning of the Risks Associated With ICOs Sweden’s financial regulator has issued a statement outlining a number of risks pertaining to ICOs.
Regulation The UK financial regulator, the Financial Conduct Authority (FCA) has accused financial institutions of withholding financial services from distributed ledger technology (DLT) start-ups on a wholesale basis. The assessments have been published in a report examining the outcome of the nation’s ‘regulatory sandbox’ one year after its launch. Also Read: Ukraine’s New Bill Treats Bitcoin as Financial Asset and Encourages Mining
News The founder of Wikileaks, Julian Assange, has posted a tweet thanking United States government officials and the financial institutions that refused services to Wikileaks for driving them to invest in bitcoin during 2010. Assange’s tweet indicates that Wikileaks’ bitcoin holdings have seen gains of over 50,000%. Also Read: Your Bitcoins Open to CIA and Criminals, Heed Wikileaks’ Warning Julian Assange
Regulation The Bank of Lithuania has issued an official position regarding initial coin offerings (ICOs) and cryptocurrencies, in which the central bank encourages banks to withhold financial services from businesses operating with virtual currencies. Lithuania’s central bank also expressed its belief that ICOs should be regulated as securities. Also Read: Lithuania Shows ‘Serious Intentions’ in Blockchain Innovation Lithuania’s Central Bank Has