Tag: bitcoin security

New Zealand FMA: All Cryptocurrencies Are Securities

Not long ago, the New Zealand Financial Markets Authority, also known as the FMA, published a commentary on initial coin offerings (ICOs) and digital currency services. In its statement, the financial regulator declared that the economic substance of a given ICO, alongside a few other characteristics, can determine whether it is a financial product or not. The report proceeded to explain how ICOs can variously fall under the scope of managed investment products, debt …
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Two Bitcoin Exchanges Were Hacked in South Korea in 2017, Importance of Wallet Security

Two major South Korean bitcoin and digital currency exchanges were hacked in 2017. Yet, users, traders and investors continue to store their bitcoin and other cryptocurrencies such as Ethereum, Litecoin and Ethereum Classic on custodial exchanges and centralized platforms. There exists a fundamental difference between a custodial and a non-custodial platform. Custodial wallet platforms and exchanges include centralized platforms such as US-based Coinbase and South Korea-based Coinplug, that have absolute …
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