Stablecoin Project of Basis Confirms that it Is Shutting Down Due to Regulatory Hurdles

SEC	2018-12-14 18:25

Just yesterday, the crypto and investor communities woke up to news that the highly anticipated stablecoin project of Basis was ceasing operations and returning a majority of its funds to investors.

Backed by Bain Capital Ventures, GV, Andreessen Horowitz, Lightspeed Ventures, Stanley Druckenmiller, Polychain Capital and more, Basis was meant to utilize its one of a kind […]

The post Stablecoin Project of Basis Confirms that it Is Shutting Down Due to Regulatory Hurdles appeared first on Ethereum World News.

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Источник: ethereumworldnews.com

basis project → Результатов: 30

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia.

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Confirmed: Basis is shutting down due to regulatory pressure

The United States-based stablecoin project Basis has officially confirmed that it will close operations and refund investors in comments to Bloomberg. The Basis’ CEO Nader Al-Naji said that the decision to close the project was made due to regulatory concerns over a type of token in Basis’ — as well as other algorithmic stablecoins’ — […]

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Basis ceases to exist and returns money to investors

The stablecoin project Basis faced with regulatory problems in the United States and decided to close. Investors are allegedly promised to receive reimbursement.

2018-12-14 23:48	News
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Andreessen Horowitz-Backed Basis Stablecoin to Shut Down with $133M in Debts

CoinSpeaker Andreessen Horowitz-Backed Basis Stablecoin to Shut Down with $133M in Debts Basis, a stablecoin project, that raised $133 million this April, is shutting down its operation and returning money to investors.

2018-12-13 14:37	USDC
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Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation

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2018-12-13 14:00	Regulation
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$133 Million Stablecoin Project of Basis is Reportedly Shutting Down

The Basis stablecoin project which had raised over $133 Million in venture capital, is reportedly shutting down and returning a vast majority of the funds to investors. Unlike other projects shutting down due to the bear market, Basis is shutting down due to regulatory hurdles as it tried to get the stablecoin project up and […] The post $133 Million Stablecoin Project of Basis is Reportedly Shutting Down appeared first on Ethereum World News.

2018-12-13 13:55	StableCoin
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Stablecoin project Basis is shutting down and returning funds to investors because of regulatory pressure

Basis, one of the most well-known stablecoin projects, is shutting down and returning the majority of capital raised to investors, the Block reported citing multiple sources with direct knowledge. The company, which raised $133 million in funding, faced with regulators as it attempted to get its algorithmic stablecoin off the ground. As a result, Basis […]

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2018-12-14 18:25

basis project → Результатов: 30

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