$3 million invested in UK’s new blockchain and cryptocurrency developing company

The investment is already one of the largest for such company in the United Kingdom
20 February 2018   229

COSIMO Ventures has made a seed investment of $3 million in Oneiro Ltd., with the latter based in Dublin and the former - both in Boston and Dublin. Oneiro is a player in UK’s arena of blockchain and cryptocurrency developing companies. This company is set to develop solutions that concern secure and dependable virtual currency. The firm uses blockchain technology to design a global cryptocurrency that is capable of storing value for a long perspective.

On the other hand, COSIMO Ventures has built its reputation around investing into promising technological startups with the intention of using their potential and turning them into global leaders. It has a vast experience in building strong partnerships and patronage over new companies across UK and US.

We’ve built a team of experienced professionals with a wealth of experience across many different segments and markets. Our innovations in the cryptocurrency space will leverage best practices and lessons learned from the markets.


Ken Lang


As for the investment into Oneiro, part of its core development team will be based in Dublin and COSIMO will help build an operating headquarters in Boston. The investment firm itself has offices in the same 2 cities.

We believe that Oneiro will bring the potential of the cryptocurrency market into a completely new realm as the acceptance, and use, of digital currencies becomes more mainstream. We are impressed by the experience and forward thinking of the team at Oneiro. This is one of the most exciting projects we've seen, and we’re pleased to support them as part of COSIMO’s investment strategy to offer unique technology solutions for the commercial markets.


Ciaran Hynes

Managing Partner at COSIMO Ventures

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   120

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.