31 Aug '17, 5am

#Swiss Walk #Crypto Tightrope

#Swiss Walk #Crypto Tightrope

Cryptocurrency is turning into a billion-dollar mania – and Switzerland is playing a key role. Swiss regulators are having trouble keeping up. finews.com takes a look. Cryptocurrency providers have raised nearly $2 billion this year through so-called initial coin offerings, or ICOs. Everybody is getting in on it: a German advertizing executive and former municipal politician raised $14 million this week by selling tokens in Dimcoin through a Singapore-based foundation. The more than eight-fold surge in fundraising over last year is reminiscent of a gold rush or dot-com build-up – and has symptoms of a bubble, according to research house Autonomous. One Twitter user who chronicles ICOs recorded eight offerings on Tuesday alone: Tweets by IcoDude Switzerland, home to foundations governing Ethereum and Bancor, is responsible for a good chunk of the hundreds of millions raised...

Full article: http://www.finews.com/news/english-news/28672-crypocurren...

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