Monday, July 30, 2018

Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You -- NYT

What could possibly go wrong?...
"But the drive to be a crypto nexus also comes with significant risk. Hackings and scams have followed the industry everywhere it has gone. They have been aided by the underlying technology introduced by Bitcoin, known as the blockchain, which was built to make it possible to send money without requiring approval from government agencies or existing financial institutions. And the cryptocurrencies are hardly stable, with the prices of most having plunged in 2018 after skyrocketing last year.

The use of cryptocurrencies by hackers was reinforced this month when the Justice Department announced charges against 12 Russian intelligence officers accused of hacking the Democratic National Committee and said they had principally used Bitcoin to fund their work."
Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You -- NYT

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