Bithumb to List BitTorrent Token

Exchange also promises to distribute additional tokens among users who will deposit funds into BTT on Bithumb
19 February 2019   1538

Today on February 19, the South Korean bitcoin exchange Bithumb will add to the listing the BitTorrent (BTT) token based on the Tron blockchain.

The exchange also promises to distribute additional tokens among users who will deposit funds into BTT on Bithumb. In addition, the site will hold airdrop BitTorrent tokens among TRON coin holders.

Note that in the CoinMarketCap ranking, the Bithumb exchange is in third place in terms of trading volume.

In the course of the tokensale on the Binance Launchpad platform, in just 18 minutes, 59.4 billion BTT were purchased for $ 7.2 million. The crowdsale was enshadowed with a lot of technical issues and "system glitches".

Malaysia to Regulate ICO and IEO

Rules says tokens can be distributed via venture capitalists and financial institutions without selling shares and without debt instruments
16 January 2020   132

In Malaysia, the procedure for initial coin offerings (ICO) and initial exchange offerings (IEO) has been established. The Malaysia Securities and Exchange Commission (SC) provided relevant guidance for participants in the digital asset industry.

According to the regulator, projects can distribute their tokens through venture capitalists and financial institutions without selling shares and without using debt instruments. It was also established the maximum limit on the amount of funds raised through ICO, which will be 100 million Malaysian ringgit or about $ 24.5 million. No special requirements for investors are provided, that is, both institutional and retail investors will be able to participate in such campaigns.

After the completion of sales, the regulator will monitor the spending of collected funds.

Digital tokens offering can provide another alternative fundraising avenue for early-stage entrepreneurs. This initiative supports Malaysia’s Shared Prosperity Vision 2030 (SPV2030) by supporting the growth of SMEs and micro businesses which are targeted to contribute 50% to Malaysia’s GDP. It also aligned with SPV2030’s aspiration to create 30% high technology Malaysian companies.

 

Datuk Syed Zaid Albar

Chairman of the SC

In addition, the rules for the functioning of IEO platforms were established. Such platforms, if they operate in the country, must independently register with the agency. In addition, they must carry out the necessary checks to verify the integrity of the issuer, as well as understand the capabilities and characteristics of the token they offer.

New regulations are expected to be established in Malaysia in the second half of this year. At the first stage, SC intends to cooperate with IEO platforms on the issue of identifying satisfactory issuers.