South Korea Bans Initial Coin Offerings – Cryptocurrency Businesses May Be Next

ICO News, Investing, News, Regulation | September 30, 2017 By:

South Korea’s Financial Services Commission said Friday that it plans to ban initial coin offerings (ICOs), citing the need to control virtual currencies.

Domestic violators of the ban will be subject to undetermined “stern penalties.”  Reports did not indicate if the ban is immediate or will require established companies funded by ICOs to be unwound over time.

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Solar Bankers, SkyLedger Target Near East Energy Markets With Blockchain and ICO

Blockchain, FinTech, ICO News, Investing, News, Uncategorized | September 29, 2017 By:

Solar Bankers has announced plans for a decentralized electricity network, allowing consumers to freely produce and trade clean energy using proprietary energy-generating devices. It plans to fund development with an initial coin offering (ICO) for SunCoin, a token available to the public in November.

The Solar Bankers networks will be based on SkyLedger,

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Glance Technologies Brings Spiros Margaris To Advisory Board

Job Appointments | September 29, 2017 By:

Glance Technologies has appointed venture capitalist Spiros Margaris to its advisory board.

Margaris is an influencer in insurance, artificial intelligence, and blockchain. As an advisor, Margaris will assist Glance in identifying opportunities for growth in FinTech and provide strategy advice.

“I see Glance Pay as one of the great fintech opportunities that one does not come across often,”

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ASX Sees Blockchain Replacing Current Post-Trade System

Announcements, Blockchain | September 29, 2017 By:

The Australian Securities Exchange (ASX) executives are bullish about distributed ledger technology (DLT) replacing their legacy post-trade infrastructure.

In August 2016, ASX completed the initial phase of its DLT testing, and their blockchain prototype has “met performance, security and scalability thresholds.” The same technology is now being developed as a potential system to replace its 20-year-old clearing and settlement system.

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