Regulatory framework for ICO in Lithuania

 

“Lithuania doesn’t have a track record of world-famous tech startups, and we didn’t have access to large VC funds. ICOs and crypto communities remove boundaries so that no matter where you are located, only the team, technology and idea matters.” – Vladas Jurkevičius, CEO of Lithuanian digital identity startup Safein.

 

One of the greatest things about cryptocurrency is that it gives nations a chance to compete on an even keel. It doesn’t matter what your GDP is, or how many nukes are locked in your bunker: on the internet, everyone’s equal. This has given countries that have traditionally lagged industrially and economically a chance to make amends. From tiny islands to humble nation states, a series of global outposts have made it known that they’re open for crypto business. This makes cryptocurrency a Great Leveler.

Lithuania has seized this opportunity by creating a favourable regulatory eco-system around crypto currencies along with a solid infrastructure of fast internet. Lithuania is excelling in issuing new digital currencies, or “Initial Coin Offerings” (ICOs) – over the past year, they have raised half a billion euros from ICOs and blockchain-based businesses. The influx of real cash for digital units has helped Lithuania’s economy to grow by 3.1% this year compared to the average 2.3% for the rest of the EU.

Read more at express.co.uk

Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

[LIVE UPDATES] There is a New Judgement Day for Crypto in India – 9/11

[9.30 AM] Today, The Supreme Court of India will hold a hearing regarding the state of cryptocurrencies in the country. It is a decisive day for the local crypto industry that has been significantly suppressed in the past month by the Reserve Bank of India’s ban on all banks’ dealings with crypto-related businesses.

[10:00 AM] The verdict itself may take a while to be pronounced, the proceedings will clear the government’s stance towards the industry and the Reserve Bank of India’s (RBI) reservations against bitcoin.

[10.30 AM] The matter is being heard by chief justice Dipak Misra along with justices AM Khanwilkar and DY Chandrachud. The attorney general of India (AGI), KK Venugopal, is also likely to be present for the hearing, following the court’s directive.

[11:00 AM] The hearing begins. Mr. Gopal Subramaniam, Sr. Advocate representing IAMAI submitted that in the world of digitalisation, such a Circular from RBI would be a loss. Source

[11:30 AM] Limited arguments were advanced on behalf of IAMAI and RBI today. Since SEBI and few others have not filed their response to the Petition seeking regulation, so the Court directed for completion of pleadings. Final arguments on 11th September. Source

[12:00] No interim relief or stay has been granted by the Supreme Court till the 9/11 hearing. It’s status quo for now.

That’s all for now folks.


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

Credits: Quartz

TenX(PAY) up by 50% in 24 hours on banking license rumours – trading @ $8 in Bithumb

WhatsApp Image 2018-07-16 at 17.07.44
$8 on Bithumb
Screen Shot 2018-07-16 at 4.09.35 PM
$1 on Bittrex

 

With the TenX(PAY) token up by almost 40% in 24 hours, rumours that are spreading say that the project might be very close to getting their banking license approved(mostly in Korea) – this will enable it to launch their own card without any hassle or dependency on a non-crypto service. The PAY token is trading on Korean exchange Bithumb at ~$8 whereas on Bittrex and the other exchanges at ~$1.

Another rumour that is going around is that it might be very close to getting listed on Binance, which will definitely give it a huge boost in volume.

Although there has been no such announcement from the TenX team on its official pages, these seem like the most plausible conclusions. Having said that, it might just be another case of pump & dump where the select few will make the buck and leave the rest drooling.


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

India may not ban cryptocurrency, treat them as commodities instead

After months of uncertainty, there are indications that India may not ban cryptocurrencies. A finance ministry panel set up to study them may even suggest that they be treated as commodities.

I don’t think anyone is really thinking of banning it (cryptocurrencies) altogether. The issue here is about regulating the trade and we need to know where the money is coming from. Allowing it as (a) commodity may let us better regulate trade and so that is being looked at

a senior government official privy to the panel’s discussions told Quartz, requesting anonymity. Read more at Quartz


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

Crypto Stolen – Three times more in six months of 2018 than in all of 2017, Cipher Trace Report

Cryptos Stolen
CryptoStolen – Three times more in six months of 2018 than in all of 2017

A new report by CipherTrace revealed – The first six months of 2018 have seen nearly three times as much crypto getting stolen than in all of 2017. FBI also reported a six-fold increase in the number of crypto-related complaints from 2015 to 2017. The reports highlight in detail the web services like tumblers, mixers, and chain hopping that cost criminal, a small amount and turn stolen cryptos legitimate and untraceable. The report stresses a need to call for more stringent measures against crypto theft, primarily through the use of advanced technology and public awareness.

Read more at nulltx.


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your cryptocurrencies.

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