Representation Image The Financial Institution Commission (FIC) has stepped in to clamp down against cryptocurrency start-ups using Palau’s name to gain investors by imposing a moratorium against any new applicant who wishes to engage in financial activities involving virtual assets and currency. In a resolution adopted on March 19, the governing board of FIC said […]
Tag: Palaucoin
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Crypto firm not backed by gov’t
Representational image President Tommy Remengesau Jr. said there is no truth to the claim that an online cryptocurrency firm, which popped up days before the visit of Taiwan President Tsai Ing-wen, is a government-backed venture. The company called the Palau Coin described itself as a “blockchain technology-based decentralized digital currency of the Palau Tourism Environmental […]