Lawsky: ICO Fever Could Bring Cryptocurrency Backlash
Benjamin Lawsky, the former regulator behind New York's BitLicense, warned that recent ICO excesses could bring a hammer down on the entire industry.
“The issuance of a currency does not belong in the hands of a private company," according to Germany's finance minister.
A former Thai official is calling for brining proper regulation on all cryptocurrencies and initial coin offerings in the country.
In exchange for regulatory approval, crypto firms can opt to abide by capital, tax, and consumer protection requirements.
Japan's financial regulator is reportedly mulling the creation of a regulatory framework for firms raising funds through initial coin offerings.
The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."