Blockchain Remittance Platform Announced By FinTech Startup Chynge

Blockchain, ICO News | June 13, 2018 By:

Singapore-based FinTech startup Chynge will be launching a blockchain remittance platform that will allow users to make instant and free money transfers across borders.

Chynge provides money changing and international money remittance services. It currently offers Chynge Money, a social discovery platform that allows users to change money directly with each other or with licensed money changers,

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Cryptocurrency Company LevelNet Hit With Cease And Desist Order In Vermont

ICO News, News, Regulation | June 5, 2018 By:

The Vermont Department of Financial Regulation has issued a cease and desist order against cryptocurrency startup LevelNet for violations related to the Vermont Uniform Securities Act.

According to the order, LevelNet is conducting an initial coin offering (ICO) seeking to raise money from investors across the country in exchange for their newly created cryptocurrency.

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Monetary Authority Of Singapore Shuts Down Local ICO

ICO News, News, Regulation | May 25, 2018 By:

The Monetary Authority of Singapore (MAS), the country’s central bank, has shut down an unidentified initial coin offering (ICO) for allegedly offering unregistered securities.

In a release issued Thursday, MAS said it has directed an ICO issuer to stop offering digital tokens to Singapore-based investors after assessing that the issuer had contravened the country’s Securities and Futures Act (SFA),

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Financial Institutions To Use Bank Of Russia’s Regulatory Sandbox For ICO Pilot

Announcements, ICO News, News | May 25, 2018 By:

State-owned Russian bank Sberbank and the National Settlement Depository (NSD) of Russia are planning to run an initial coin offering (ICO) in the central bank of Russia’s regulatory platform.

Launched in April 2018, the Bank of Russia’s regulatory sandbox offers FinTech companies the chance to test new financial services and technologies without the risk of violating domestic law.

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ICO Wrap – Initial Coin/Token Offering News Summary for May 18, 2018

ICO News | May 18, 2018 By:

Poloniex Exchange De-Lists BELA Coin As It Switches To New Token

The Poloniex exchange has de-listed the BELA legacy coin, as the photo-sharing service switches over from its old blockchain tokens to a new ERC-20 token.

Texas Regulator Halted ICO That Used Fake Celebrity Endorsements

The Texas State Securities Board (SSB) has issued an emergency cease-and-desist order against a company that it claims used fake endorsements from celebrities to fraudulently promote its initial coin offering (ICO).

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