Tezos Foundation President Announced His Resignation

But shortly after Johann Gevers deleted his blog post
31 January 2018   1607

Johann Gevers, President of Tezos Foundation, company, that manages funds, raised thru well - known Tezos ICO, reported on his resignation. 

But if you will click on the link above, you'll get this.

Deleted Post
Deleted Post

So what was in that deleted blog post? Reuters reports about it. Johannes Gevers, will leave office after the problems of the Tezos start-up are resolved and he will resume work after several months of downtime and scandals with the founders.

According to Gevers, the fund restored limited access to banking services after the freezing of financial operations in late 2017 and was able to pay again to creditors and developers. At present, the company has updated the staff and signed an agreement with a new law firm.

I have consistently communicated ... my intention to step back from the Foundation as soon as things are on track with a new board that is independent and has the support of the Tezos community.

Johann Gevers 

President, Tezos Foundation

However, on Monday the post was deleted.

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   41

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.