PBoC deputy governor Pan Gongsheng states that both ICOs and STOs are illicit activities, which are still rampant in China.
PayPal has delved into private cryptocurrency with its internal token platform.
Beijing Municipal Bureau of Finance director Xuewen Huo warns that security token offerings (STOs) are illegal in the region.
During last Saturday’s wealth management forum led by Beijing’s Finance Bureau, director Huo stressed that crowdfunding initiatives through STOs are deemed “illegal” in the Chinese capital.
Securitize co-founder and CEO Carlos Domingo states that Blockchain Capital leads the equity investment which aims to provide the company with “knowledgeable investors” in preparation for a security token offering.
While this represents a crucial initial move towards the direction of cross-chain interoperability, the POA Bridge enables users to convert tokens indigenous to POA with Ethereum’s POA20 tokens.
Kik Interactive, the Canadian company behind the Kik messaging app, has announced that it is permanently leaving the Ethereum network, as the firm migrates its digital currency Kin to its proprietary blockchain.
Fluidity and Propellr are set to provide tokens that represent shares in a multimillion-dollar block of condominiums in Manhattan, New York. The token gives the buyers an opportunity to invest as much or as little as they choose to.
During the annual assembly of Ethereum developers known as the Devcon Conference held in Prague, Fabian Vogelsteller has proposed that these changes are expected to protect investors from scams.
China’s central bank is planning to crack down on airdrops or the free distribution of crypto tokens.
New York-based investment bank JP Morgan has developed an enterprise version of the Ethereum blockchain for tokenizing gold in an effort to allow sustainable miners to earn a premium on global markets.
Tether, the company behind a dollar-pegged stablecoin, has revealed in a Twitter post that it has burned 500 million Tether (USDT) tokens.
Swissquote has launched a service that provides customers with the opportunity to take part in ICOs by using their bank accounts to directly buy ICO tokens against Swiss francs.
New York-based stock exchange Nasdaq is currently working on introducing a new platform specifically developed for issuing and trading security tokens.
Sujay Jaladi, head of information security at Ripple, will be leaving the San Francisco-based company.