Bitcoin falls below 6000 USD
Bitcoin and other cryptocurrencies fall quite rapidly, as reported by the BBC. It happened only few weeks ago that the price of the famous currency created by „Satoshi Nakamoto“ was quoted above 25000 USD. However, many countries are putting in place controls and new regulations to this phenomenon. For example, South Korea has prohibited the ICO (Initial Coin Offering). The drop of the cryptovalue is the consequence of being under the radar of many legislators. What is going on in Switzerland? At the moment the Swiss crypto city Zug is very active in the new market, however there is a interesting article about companies that operate in Switzerland in relation with the current legislation. It seems that they are not licensed by the FINMA.
I do not find interesting the application of blockchain to cryptocurrencies, instead I think that this technology is interesting for other applications. In particular in supply chain for solving problems with goods traceability.