On Tuesday, the Financial Conduct Authority published a warning about the risks of token offerings, which it called “very high-risk, speculative investments.” The FCA’s announcement followed a spate of similar warnings by international counterparts.
On Wednesday, the British Columbia Securities Commission announced that it has approved the registration of First Block Capital Inc. as an investment fund manager and exempt market dealer. This is the first registration of a fund manager in Canada focused exclusively on cryptocurrency investments, said the BCSC.
On Wednesday, the Bank of Japan and the European Central Bank released the findings of their joint analysis of distributed ledger technology (DLT). The institutions determined that DLT, while “immature,” shows potential in financial market infrastructures.