Peiwo APP to Complete TRX Connection in February

The formal completion of the connection was scheduled on February 16
16 February 2018   3555

TRON Union Member Peiwo APP, an audio content community, announced on January 19 that it will complete the connection of TRON token  (TRX) in February. It is stated that the preliminary work has basically finished, the ongoing work was the closing-up for connection, and the formal completion of the connection was scheduled on February 16.

According to the announcement, TRON will realize the first landing of the online entertainment scenario relying on over 10 million young users of peiwo APP and provide the authentic extreme entertainment experience to the young generation.

The expected schedule of Peiwo APP’s connection to TRX:

Peiwo APP Roadmap

The completion of Peiwo APP’s connection to TRX will be a demonstrative display and a good opportunity to verify the value brought by blockchain technology. With more than 10 million young Peiwo APP users joining the network of TRON, more individuals, enterprises and platforms may want to join us. This will result in a bigger and stronger network and promote the vigorous development of the blockchain-based online entertainment.


Justin Sun

The founder of TRON and Peiwo APP

At the moment of press, these are the main market parameters of TRX:

  • Average Price: $0,084997
  • Market Cap: $5 588 399 116
  • 24h Volume: $1 348 280 000

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   32

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.