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Op-Ed: Blockchain Businesses Won’t Prevent Monopolies or Democratize Wealth

Since the beginning of the Initial Coin Offering (ICO) trend, blockchain-based decentralized financing models have been praised by many mainstream commentators for their clear advantages over traditional fundraising models. For entrepreneurs and project visionaries, the allure was the ability to quickly raise money globally, while everyday people became able to invest in lucrative early-stage projects that the traditional system would not allow them access to and were able to sell their investment much sooner than if they had to wait five or more years for their shares to be traded publicly.

OH County Auditors’ Association Working Group to Study Blockchain Use for Property Deed Transfers

The County Auditors’ Association of Ohio (CAAO) has announced the creation of a working group to explore blockchain technology’s usefulness for property deed transfers. In the February 21 press release that announced the news, CAAO President and Stark County Auditor Alan Harold said:

New Survey Finds “Generational Shift in Trust” from Stocks to Crypto

A new survey from eToro suggests that younger online traders’ trust in cryptocurrency exchanges is growing, as many have lost faith in more traditional stock exchanges. In a press release highlighting the survey results, eToro noted that, among Millennial traders, 43 percent place more trust in the new digital currency exchanges than in America’s stock exchanges.

Indonesia Announces New Crypto Regulatory Framework

The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.

Liechtenstein Postal Service Now Offers Customers On-Site Crypto Exchange Services

Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.

DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency

At the World Funding Summit in 2017, I took issue with JPMorgan CEO Jamie Dimon’s description of Bitcoin as a fraud. Today, I want to praise Dimon’s company and welcome its new digital currency, JPM Coin, as a partial rail of a massive network essential for mass adoption of digital currency.

Private City in Norway Adopts City Coin Crypto as Its Official Currency

The private city of Liberstad in Norway has adopted the City Coin cryptocurrency as its official currency, according to a press release issued this week. The blockchain-based coin will reportedly be the only accepted medium of exchange in the city, and can be used for all payments, pages, and commercial transactions.

Japanese Association Asks FSA to Lower Crypto Tax Rate

A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.

JPMorgan to Launch JPM Coin

JPMorgan Chase has announced that it will be launching its own digital currency, the JPM Coin. The bank said that the coin will initially be available only to its large institutional clients, with tentative plans to make it available to a wider array of customers later in 2019. However, the current plans do not involve making the coin available to individuals.

Kapersky Lab: 13% of People Have Used Crypto for Purchases

A recent press statement from Kapersky Lab highlighted the results of the company’s Global IT security Risks Survey 2018, which found that 13% of surveyed respondents said that they have used cryptocurrency to make a purchase. The company also noted a rise in sophisticated actors targeting consumers’ cryptocurrency assets for theft.

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