TRUTH OUTS KENYA

Hundreds of ICOs have raised billions around the world. Some were genuine while others were shut down by regulators for making false claims. A good example is Centra Tech that claimed it had partnered with Visa and MasterCard when it hadn’t. Blockchain projects have a close relationship with ICOs but what really gets on the nerves of lawmakers and regulators is the fact that someone created a digital currency from a computer. It is a good innovation but balance is calling out. So, why is Balance Required This new funding model has enabled startups to bypass traditional venture capital and raise funds. It is a good idea but at the same time, enthusiasts believe that it creates the potential for fraudulent activities where a lot of investors are drawn in and harmed. The enthusiasm still goes on and there is a need for a careful approach to come in. Why the Regulation Heat is on The US Securities and Exchange Commission, SEC,  has taken action against several IC...

According to a report featured in the Library of Congress , one of the most common actions that were identified in  130 surveyed jurisdictions was government-issued notices about the pitfalls of investing in the cryptocurrency markets. It was made clear that cryptocurrencies are prone to high volatility and that was even made worse by the fact that most of the crypto organizations were unregulated. Citizens are therefore left on their own and in case of any issue, there is no legal recourse available to them. The report also added that various countries issued warnings that cryptocurrencies created a loophole for illegal activities such as terrorism and money laundering. Banks and other financial institutions are therefore required to conduct due diligence requirements as imposed under the law. For example, Canada and Australia have enacted laws that have brought cryptocurrency under money laundering and counter-terrorist financing laws. Countries such as Bolivia, Nepa...