Real threat 'not legislation but banks themselves' - InPay CEO
Polish payment process InPay made headlines last week, announcing it will allow investors to secure company shares using Bitcoin. The Warsaw-based firm is using crowdfunding service Beesfund in a first-of-its-kind initiative in the country, and indeed for the Bitcoin industry itself. Given the constantly shifting regulatory environment, such an idea is not without its dangers. An attempt by Dutch entrepreneur Eric Voorhees earlier this year gained much publicity when it culminated in Voorhees being required to pay tens of thousands of dollars in fines after failing to secure the necessary....
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Shares of the Polish company inPay S. A. are available for purchase in public offering using the digital currency Bitcoin. The sale has launched on the Polish equity crowdfunding site Beesfund.com. With the public offer of the company's shares, the inPay team want to acquire financing for the quick development of the InPay system in Poland and Europe. InPay S. A. is selling 5,000 company shares, i.e. 5% of the total share capital, priced at 40 PLN each (about US $13). Arkadiusz Regiec, president of Beesfund S. A., said: "For crowdfunding platforms like Beesfund, Bitcoin seems to be the....
Poland-based bitcoin payment solutions provider InPay S. A. has launched an equity crowdfunding campaign that makes it possible to buy company stock with bitcoin. The company claims to have secured the approval of Poland's Financial Supervision Authority (KNF), the country's equivalent of the US Securities and Exchange Commission (SEC), which makes it a unique project in the Polish digital currency industry, according to company representatives. The initiative was launched on Poland-based equity crowdfunding site Beesfund.com, where potential investors can acquire InPay stock with bitcoin,....
Though Danmarks Nationalbank's governor seems tempted to ignore cryptocurrencies, other banks in the country continue to launch new services based on crypto. Crypto trading volumes continue to increase, but several countries’ central banks are keen to ignore it, with Denmark being the latest to join the “crypto is negligible” narrative. Lars Rohde, governor of the country’s central bank doesn’t see the rise of crypto trading as a serious economic threat. “I could be tempted to ignore it,” he told Bloomberg. “I think the term currency is badly used here. Most currencies store value or are....
Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come from big technology companies “invading the currency area or the transaction means.” Denmark’s Central Bank Governor Tempted to Ignore Cryptocurrency Danish central bank governor Lars Rohde discussed cryptocurrencies on Bloomberg from Copenhagen on Wednesday. He was asked whether the central bank sees the rise in cryptocurrency trading as a serious....
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate practice published a report called “The 2021 Emerging Trends,” which shows city ranks have changed a great deal since the coronavirus outbreak. For instance, for a number of years, the city of Seattle was a top ten city for real-estate....