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cryptocurrency March 10, 2018

E.U.’s 2018 Financial Action Plan prioritizes blockchain adoption, investigator suggests ICO ad bans are result of pressures from law enforcement agencies, top 5 cryptocurrency price changes, and more!

The European Union is attempting to facilitate blockchain adoption with its new 2018 Fintech Action Plan. Image from artjazz.

E.U.’s 2018 Financial Action Plan Aims to Facilitate Blockchain Adoption

The European Union is attempting to facilitate blockchain adoption with its new 2018 Fintech Action Plan. According to CoinDesk, the European Commission (EC), the executive branch of the European Union, is forming a new Fintech Lab in Q2 2018, which will raise the “regulatory and supervisory capacity and knowledge” around blockchain technology.

Manitoba Securities Commission Investigator Claims ICO Ad Bans Are the Result of Pressures from Federal Law Enforcement Agencies

According to The Times of Israel, a senior investigator at the Manitoba Securities Commission has revealed that the FBI pressured Facebook to reduce the visibility of ICOs by banning related advertisements. The investigator also suggested that the agency will also pressure Google to take similar action. The investigator stated:

“What happened is that Canada’s Binary Options Task Force as well as the FBI explained to Facebook what the concerns were and that these types of ads are leading to people becoming victims. We’ve been talking to Google and had similar discussions and are waiting for them to take similar action.”

World of Diamonds Cancels ICO to Raffle Access to “World’s Most Expensive Dinner”

World of Diamonds, a Russia-based diamond company, has cancelled plans to raffle access “world’s most expensive dinner” through an ICO. According to CNBC, the dinner includes an 18-course meal prepared by a Michelin-starred chef and is worth USD 2 million. The dinner concludes with a personal fireworks show and the presentation of a 2.08 carat blue diamond ring endorsed by Jane Seymour.

Source: ICO Alert