The director of Beijing Municipal Bureau of Local Financial Supervision, Huo Xuewen, has said that the agency sees Security Token Offerings as an illegal activity, according to a Dec. 1 report in local media outlet, Caijing.
Japan’s Financial Services Agency (FSA) has said it will soon move to regulate Initial Coin Offerings to protect investors, according to a December 1st report from local news site Jiji.
Steemit Inc., the company behind Steemit, a popular social media platform that rewards content creators with cryptocurrency has laid off close to 70% of its team in a restructure.
The last 24 hours has been a lot kinder to cryptocurrency markets than the fortnight prior that saw $90 billion wiped from the industry’s market capitalization.
Edward Snowden has said that even if Bitcoin’s allure fades, decentralized currencies’ utility in transferring value outside of traditional banking networks will continue with newer iterations.