By John Geddie
Singapore is carrying out extensive research into the distributed ledger technology that underlies bitcoin.
Last month, Bank Indonesia issued a regulation banning the use of cryptocurrencies by fintech companies involved in payment systems and said it is examining whether there’s a need to regulate trading on virtual currency exchanges.
With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology.
OurCrowd’s model tries to widen the population of startup investors by allowing accredited financiers to put down as little as $50,000 in its funds — a lot less than what would typically be required to become a partner in an investment vehicle.
Bitmain Switzerland was registered in Zug, Switzerland in late December.
Dimon still is not interested in the cryptocurrency at all, he added.
Existing investors TPG Biotech, WuXi NextCODE, Claremont Creek Ventures, and MidCap Financial also joined the round.
For the first time since 2015, the cryptocurrency began a new year by declining, extending its slide from a record $19,511 reached on Dec. 18.
Australia-listed investment firm First Growth Funds (FGF) Limited seeks to raise up to A$3.5 million ($2.7 million) to be used as additional working capital or to acquire or invest in blockchain technology, assets, or businesses.
In an advisory, the BSP advised the public to be cautious regarding the acquisition, possession, and trading of virtual currencies or dealing with related offers, even as it reiterated that it does not endorse these currencies as legal tender, store of value, or an investment vehicle.