FinCEN Deals Major Regulatory Blow to ICOs and Exchanges

The U.S. Securities and Exchange Commission SEC has been proclaiming for a while that initial coin offerings ICOs are securities. Now, in the latest regulatory backlash against ICOs, the federal bureau charged with enforcing the nation's laws against money laundering has decided that, effectively, anyone who sells tokens is an unregistered money transfer business. Financial Crimes Enforcement Network FinCEN made public a letter on March 6, 2018, that Drew Maloney, FinCEN's assistant

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World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.
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