Tokyo-based Fisco Launches Cryptocurrency Fund

The new fund is being described as the first of its kind in Japan
10 January 2018   463

Fisco, a Tokyo-based company that provides investment support services, announced that it will launch a fund of more than 300 million yen ($2.66 million) to invest in bitcoin and other cryptocurrencies as early as this month.

Fisco will invest its own money and raise capital from two other listed fintech companies, aiming for investment returns of about 20% per year.

In addition to investing directly in cryptocurrencies, the fund will seek to profit from price differentials among domestic and foreign cryptocurrency exchanges. It is being described as the first fund of its kind in Japan.

In August 2017 Fisco has issued Japan’s first bitcoin-denominated corporate bond to test the instrument’s potential to become a useful fundraising tool.

Poland’s Central Bank Sponsored Anti-Crypto Campaign

The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on social networks
21 February 2018   38

According to a Polish news portal, the anti-crypto campaign was orchestrated by Youtube blogger from Poland, Gamellon. For this campaign, the Central Bank of Poland had spent 91,000 Zloty (about $27,000).

At the time of writing this article, this video has over 500,000 views and has not been marked as a paid promotion.

Gamellon used the hashtag #uważajnakryptowaluty, which stands for a website set up by the Polish government to warn users about cryptocurrencies. According to this site, there are several reasons on why users should be wary of cryptocurrencies.

Another blogger Planeta Faktów published a sponsored video on their channel titled ’10 Differences between money and cryptocurrency that you need to know’. It also has the same hashtag, #uważajnakryptowaluty. But unlike Gamellon ’s video, this one has an ‘Includes Paid Promotion’ tag at the start of the video.

There is no law against cryptocurrencies in Poland. But it is illegal to create sponsored content without explicitly mentioning it.