This is a quick post featuring a couple of interesting articles I have come across today. Firstly...
Burger King, We'd Like a Word With You!
According to an article posted on Bitcoin.com Burger King could be in trouble for releasing its "Whopper Coin" token. The article states:
Less than one month after the fast food giant launched its blockchain token called Whoppercoin in Russia, the company was reportedly summoned by the Izmailovo inter-district prosecutor’s office regarding its cryptocurrency.
It also states:
In its notices, the prosecutor’s office asked Burger King to clarify what a Whoppercoin is and how it works. The company was also asked to provide a statement that it did not conduct a mass issuance of Whoppercoins, Vedomosti detailed.
So, maybe they'll be fine? Who knows! Could be an interesting story to see how it plays out for the Whopper Coin, and also Burger King if they are found guilty of any wrong doing.
It also raises a question I have about Golos.io, how do the users there get their Golos converted back into Rubles? (Would love to know!)
I'm surprised the idea wasn't rolled out in a more crypto friendly country to begin with, like Japan perhaps, but there you go! Perhaps if say a Starbucks, Mc D's, or any other large chain restaurant decides to do something similar, They'll learn from Burger King's mishaps and be better prepared.
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against a New York-based man and his company for allegedly running a bitcoin-based Ponzi scheme.
Say what you want about regulation, but punishing people running Ponzis and HYIPs is probably a good thing for the crypto community moving forward. Will be interesting to see what other schemes are uncovered in the future too.
Any thoughts or comments on these articles? Please let me know down below!
