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Topic: Tezos leaders ask for patience over dispute on cybercurrency project - page 2. (Read 579 times)

sr. member
Activity: 1008
Merit: 355


This Tezos story is just one of the many reasons why the government would be pushing to regulate strictly the issuance of ICOs...and we have nobody else to blame but the greed of the people who are introducing these ICOs...of course not all but that is not how the government operates...a small apple in the box can mean that the whole box has to be taken out.
legendary
Activity: 3010
Merit: 1460
This is a type of situation that will force the SEC's hand to make a decision that will be unfavorable for all ICOs. What happened to Tezos and their foundation? They had a successful ICO and their platform is on the way. What else are they looking for that caused the dispute? More money?

I speculate that the article is not telling everyone the whole story.



The creators of an embattled cybercurrency technology project called Tezos expressed regret on Tuesday about their ongoing dispute with the head of a Swiss foundation that controls the $232 million they raised in one of the largest “initial coin offerings” ever.

In the Tezos fundraising, participants were told they were not making an investment, but a “non-refundable donation” to the Tezos Foundation, which is seeking not-for-profit status.


Read the article in full https://www.reuters.com/article/us-bitcoin-tezos-battles/tezos-leaders-to-tout-cryptocurrency-project-in-vegas-as-promoters-fight-idUSKBN1CT2LZ
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