Bitcoin News 29 August 2017 – SEC Clamping Down on ICO’s

Bitcoin News today leads with the news that The U.S. Securities and Exchange Commission (SEC) issued a warning about companies making Initial Coin Offering (ICO) claims, market manipulation as well as “pump and dump” schemes. The number of ICO’s has rapidly escalated during 2017 and this has piqued the interest of regulators from China to the USA.




In other News Headlines:-


Saxo Bank – A Denmark-based multi-asset and trading institution just added exchange-traded notes for Bitcoin. The bank recently stated they are allowing clients to gain exposure to bitcoin. Yet another group of investors to be exposed to Bitcoin.


The TUI Group, the world’s largest tourism company goes big on blockchain – The CEO Friz Joussen elaborated on BedSwap “It’s a smart contract blockchain. So, we have all our contracts on the block chain, and we use it for hotel swapping. We have embedded it, we have coupled it to our yield systems, so the yield system determines where we want to sell the beds.”



The Government of Vietnam could soon recognize cryptocurrencies – Prime Minister Nguyen Xuan Phuc has charged the country’s relevant ministries to access the legality of cryptocurrency – The State Bank of Vietnam, the Ministry of Information and Communications, the Ministry of Public Security, the Ministry of Industry and Trade and Ministry of Finance with the Ministry of Justice leading the process. Great news for Vietnam.


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