Beijing Financial Authority Warns Against ‘Illegal’ Security Token Offerings

The director general of the Beijing Municipal Bureau of Financial Work has warned that Security Token Offering (STOs) fundraising is “illegal” activity, independent Beijing-based media outlet Caijing reported on Dec.1. The Beijing Municipal Bureau of Financial Work had hosted a “2018 Global Wealth Management Forum” on Dec. 1 where Huo Xuewen, the Beijing financial watchdog’s director, underlined the risks associated with fundraising through a STO fundraising: “I will make a risk warning to those who are propagating in Beijing and want to issue [a] STO. Don’t do it in Beijing.…

Coincheck adds more offerings; the exchange adds FCT and XRP

Japanese cryptocurrency exchange Coincheck has added more offerings to its platform as it shakes off the effects of this year’s hack. According to a statement by Monex Group, the exchange now supports Ripple (XRP) and Factom (FCT). Monex Group is the parent company for Coincheck Inc which operates the Coincheck cryptocurrency exchange. The move comes after another similar step in late October when Coincheck reintroduced services for selected cryptocurrencies. Rising from the ashes In October, Coincheck let customers open accounts and make deposits for Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC)…