E.U.’s 2018 Financial Action Plan prioritizes blockchain adoption, investigator suggests ICO ad bans are result of pressures from law enforcement agencies, top 5 cryptocurrency price changes, and more!
E.U.’s 2018 Financial Action Plan Aims to Facilitate Blockchain Adoption
The European Union is attempting to facilitate blockchain adoption with its new 2018 Fintech Action Plan. According to CoinDesk, the European Commission (EC), the executive branch of the European Union, is forming a new Fintech Lab in Q2 2018, which will raise the “regulatory and supervisory capacity and knowledge” around blockchain technology.
Manitoba Securities Commission Investigator Claims ICO Ad Bans Are the Result of Pressures from Federal Law Enforcement Agencies
According to The Times of Israel, a senior investigator at the Manitoba Securities Commission has revealed that the FBI pressured Facebook to reduce the visibility of ICOs by banning related advertisements. The investigator also suggested that the agency will also pressure Google to take similar action. The investigator stated:
“What happened is that Canada’s Binary Options Task Force as well as the FBI explained to Facebook what the concerns were and that these types of ads are leading to people becoming victims. We’ve been talking to Google and had similar discussions and are waiting for them to take similar action.”
V Diamonds Cancels Plans for Diamond-Backed ICO
V Diamonds and World of Diamonds have cancelled their partnership after V Diamonds cancelled plans for an ICO. According to CNBC, Ville Oehman, the owner of V Diamonds, partnered with World of Diamonds to raffle entry to the dinner using an ICO, with each token representing one-millionth ownership stake in the blue diamond. A winner would be selected from the token holders.
This Crypto Minute was republished on March 12, 2018 with a correction. The original version suggested that One World Diamond cancelled the ICO.
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