The government of Hong Kong: a ICO projects are outright fraud
Source:
In the middle of last week a Taobao online store selling products related to cryptocurrency. This includes services which are related to ICO marketing, technological development and creation of business proposals for the initial placement of tokens. The line was supported by the Hong Kong government. According to officials, a ICO just deceive investors.
theICO-projects — fraud
The Situation was commented Julia Leung, head of the Commission on securities and futures of Hong Kong. According to the head of the Agency, the authorities are well to the blockchain, but ICO is not concerned. Moreover, the placing of tokens violate local legislation, but investors use them for quick money. Words Leung results .
While we recognize that innovative technologies such as the blockchain, have the potential to improve the efficiency and outreach of financial services, it does not give anyone the right to conduct fundraising that violates the securities laws.
But some of the organizers of the ICO are the increased attention to the industry and deliberately deceiving investors, portraying the development of technological innovation.
The Situation is complicated by the fact that many of these projects are questionable or outright fraud. Issuers avoid the attention of the police or securities regulators due to the international nature of its activities and the nature of cryptocurrency.
Also Leung walked through the investors who supposedly know the futility of tokens. According to her version, they go for a deal just for the sake of quick enrichment.
It looks Like a green light for the crypts in this area will not. If you want to find more suitable options for moving, read about the best countries for tryptamines.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
The head of Rospatent spoke about the development and prospects of the blockchain in Russia
last week, Russian officials in the development of the blockchain on the territory of Russia. The authorities see the need for technology because it helps to protect your data and at the same time safely will allow them to share. ...
A war between Bitcoin and Bitcoin to Cash. How it all began?
Bitcoin came out of nowhere. "The Genesis block" was mined on 3 January 2009, the idea was good, the double spend was not, followers cryptocurrency just arrived. They bought pizza for bitcoins and drugs on Silk Riad's advice about...
Best countries for doing tryptamines in 2018
approach to the regulation of cryptocurrency in the world varies greatly. Governments in the Middle East, Central Asia and the Indochinese Peninsula seeking to prohibit the use of digital money, fearing for the stability of the ec...
Samsung will implement the blockchain in the system track deliveries
the South Korean technology company Samsung have been interested in cryptocurrency. According to media reports, she even chips for mining manufacturer of Mining Asimov Halong. Now the company has decided to implement blockchain: i...
Cryptomelane was extaudiofile from Morocco to the U.S. after stealing $ 36 million investors
last week, Europol 11 alleged members of a criminal group suspected of laundering drug money through cryptocurrency. According to police, the detainees spent using digital money to about $ 8 billion. In the case of Briton Senkivka...
What altcoins will rise this week and why it happens
Monday started with good news — the growth of Bitcoin up to 9300 dollars and above. The week will also be nice for owners of altcoins. In the next seven days jump Ripple, Komodo and HireMatch. the Course Ripple should grow Today, ...
What happens when Ethereum will switch to Proof of Stake (PoS)?
What happens with Ethereum (ETH), when the acne Buterin will transfer the platform to the new Protocol? Can I create Ethereum after the transition to PoS? What are the theoretical pros and cons of the transition? In this paper, we...
The Chilean stock exchange has filed a lawsuit against the local banks for "murder of cryptocracy"
Two weeks ago, a Chilean Bank Banco Estado accounts of three of the country's largest cryptocurrency exchanges: BUDA, Crypto MKT, Orionx. The reasons for this decision in a financial institution is not called. The owners of the ex...
Boris Schlossberg: the gold was taken from the title of the Bitcoin safe asset
In the first half of March, the staff of the Knight Frank report, entitled the Wealth Report 2018. According to them, over the past year, interest in the cryptocurrency as an investment instrument has increased by 16 percent, wher...
Chinese Bitmain received a license for mining in USA
last week, Chinese device maker for mining Bitmain about the opening of a subsidiary in Switzerland. For tighter regulation of the industry in China, the firm intends to transfer all your power to the North of Europe. However, thi...
Let there be growth: experts predict a rise in price of Bitcoin this week
For the past seven days Bitcoin has managed to rise and gain a foothold at a higher level. Except for a small 100 dollar subsidence, Friday course the coins do not fall below $ 8000. This is a good sign. Because of the current sit...
Where to store bitcoin: preparing for a subcutaneous microchip-purses
the Dutchman Martin Wismeijer very careful in choosing where you store your bitcoins — so careful that in 2014 he introduced his two NFC chip in each hand to keep your encrypted Bitcoin keys. Wismayer cited several reasons for suc...
The network of Bitcoin it took 70 forks. Only 10 of them were commercially successful
In January on the basis of ZClassic fork, which appeared coin Bitcoin Private (BTCP). Three months later, the koina rate increased by 104 per cent. However, this success is not all ppl were — according to the service , since the l...
The authorities of Louisiana will hold ISO for the replenishment of the local budget
For the first two months of 2018. ICO-projects worldwide more than 3 billion dollars. Given the two rounds of initial placement of the token Telegram, by the beginning of March the amount is at least $ 4.7 billion — almost as much...
The Central Bank of Lithuania: prohibition of cryptocurrency to nothing lead
In March, the Central Bank of Lithuania of intention before year-end to issue its own cryptocurrency. The Agency soon determined the denomination, quantities and methods of distributing the national collection of coins that will a...
CRYPTOMACH / Secret mining farm in an abandoned factory, mining Callisto and earnings on masternode
Today, the end of the week. As always, it is the results of summing Cryptoimage. The last seven days remember tons of analysts at the exchange rate of Bitcoin, the actions of the Ministry of internal Affairs in the Orenburg region...
Nobel prize winner Robert Shiller: Bitcoin a bubble that will burst soon
In January, the Nobel laureate in Economics and author of a book on financial bubbles, Irrational exuberance Robert J. Shiller the Bitcoin. According to him, the coin expects a disaster, but growth rates reminiscent of the "Tulip...
Why Bitcoin has a chance to rise to 250 million by 2022. Five arguments
Yesterday, investor Tim Draper 250 thousand dollars for one bitcoin four years later. The owner agrees that assumption seems crazy, but it will happen. The coin really is, the chances of such a jump. Present five arguments in favo...
Pantera Capital, Bitcoin is likely to overcome 20 thousand dollars this year
on Friday, the experts growth prospects of Bitcoin. In their view, the uptrend will have to wait one month, because the drop rate got burned too many investors. Representatives of the hedge Fund Pantera Capital do not agree with t...
Japanese exchange GMO leases bitcoin users
Japanese exchange GMO informed of intent to sell charges for mining through ICO. Now the company has decided to launch bitcoin deposits with a yield of 5 percent per annum. About it Bitcoin.com. the How to make money on bitcoin ...
Comments (0)
This article has no comment, be the first!