When cryptocurrency exchange Coincheck Inc explained how hackers made off with $530 million in digital money, it said part of the problem was beyond its control: Japan’s lack of software engineers. Coincheck said that no matter how hard it tried, it simply couldn’t hire workers with the skills to seal gaps in security.
The new Swiss ICO Guidelines suggest a way to deal with ICOs within the existing financial regulatory framework, and provide details on how to regulate them by clarifying their purpose, object, and the application of regulations to ICOs. Zug Canton in Switzerland has been a hotspot for ICOs.
Early this year a piece of malicious computer code burrowed its way into the website of Britain’s National Health Service. The script acted as a parasite, harnessing the computing power of unsuspecting visitors and using it to generate digital currency, in a practice known as “cryptojacking”.
A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of efforts to convince Muslims that investing in cryptocurrencies complies with their faith.
The South African Reserve Bank (SARB) is establishing a self-regulatory organization to control cryptocurrency and fintech developments in the country, the news outlet Finextra reported April 4th.
HONG KONG (April 6): Canaan Creative, one of the world’s top cryptocurrency mining equipment makers, said it was considering an initial public offering and expected China’s push to promote the domestic chip industry to help drive growth for the company.
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