Tunisia Won't Launch Universa-Based E-Dinar

Few days ago media reported that the Tunisian regulator allegedly began to transfer its national currency to the blockchain of Universa, Russian ICO
12 November 2019   488

The Central Bank of Tunisia has denied rumors about the issue of its own digital currency ("e-dinar" or CBDC) based on the development of the Russian blockchain platform Universa.

According to the press release, the regulator is really exploring the possibilities of the digital economy and, in particular, issuing its own digital currency. No concrete decision was made on this issue.

The Central Bank of Tunisia emphasizes that they did not enter into relations with any domestic or foreign provider in order to create any digital currency.

The Central Bank recalled that only its official representatives have the right to speak on their behalf.

Note that on the eve of a number of media outlets disseminated information that the Tunisian regulator allegedly began to transfer its national currency to the blockchain platform of the Russian ICO startup Universa. Thanks to this, Tunisian citizens will allegedly be able to exchange fiat for electronic dinars.

In addition, according to popular information, Universa will have to receive a percentage of all transactions carried out using the "e-dinar", while all records will be open to the central bank of the country for control. It was also reported that the "e-dinar" would be owned by the state and provided with paper money.

SEC to Accuse Shopin in $42M Worth ICO Scam

The Commission believes the actions of Shopic during the ICO was the offering or unregistered securities
12 December 2019   92

The U.S. Securities and Exchange Commission (SEC) has accused Shopin and its CEO Eran Eyal of cryptocurrency cheating on investors during the initial offer of $ 42 million tokens.

According to the SEC, the actions of Eyal and his company were an unregistered offer of securities in the form of Shopin tokens.

Eyal told investors that the funds raised would be used to create a blockchain platform for storing and tracking profiles of online store customers. In addition, he lied about existing partnerships with retailers, the agency said.

The problem is that Shopin never created a system, says the regulator.

Instead, Eyal appropriated more than $ 500,000 for personal use, including a dating service.

SEC accused Eyal and Shopin of violating securities laws. The regulator requested the court to oblige the accused to return the illegally appropriated funds with interest and payment of fines. In addition, the SEC has proposed banning Eyalu from acting as an official in any offer of securities or tokens.

In a statement, the SEC also recalled that the prosecutor’s office in 2018 accused Eyal of appropriating $ 600 thousand of investor funds to his previous company Springleap.