Rival Conferences On Virtual Currencies Leading To Confusion

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Rival Conferences On Virtual Currencies Leading To Confusion

With the number of conferences related to virtual currencies increasing by the day some organizers have accused others of riding on their coattails by holding similar events in close proximity at almost the same time. Sometimes this has resulted in confusion for the attendees. This was the case in Texas where though it is not definite whether it was deliberate or coincidental two conferences on virtual currencies will be held within days of each other.

The first one was the ‘Bitcoin (BTC), Ethereum (ETH) & Blockchain Superconference’ which was held last week between February 16 and February 18. This week another conference dubbed ‘Blockchain & Cryptocurrency Con 2018’ will be held starting on February 22 till February 24. The organizer of the ‘Blockchain & Cryptocurrency Con 2018’, Richard Jacobs, now accuses the organizers of ‘Bitcoin, Ethereum & Blockchain Superconference’ of contacting his subscribers via email pretending to be the former.

Not related

“Although they [the emails] appear to have been written to sound like they come from us, they do NOT. We are not connected with this conference in any way,” said Jacobs.

The rivalry over cryptocurrency conferences comes in the wake of the virtual currency sector in South Korea heaving a sigh of relief after the market regulator softened the stance on trading of digital coins. On Tuesday the South Korean markets regulator said that normalization of the virtual currency business was preferable to increasing regulations. According to the head of South Korea’s FSS – Finance Supervisory Service, Choe Heung-sik, the regulator would also help in promoting blockchain technology.

Local crypto exchanges

Earlier in the month the justice minister in South Korea had claimed that the government was looking to crack down on the local exchanges for virtual currencies. At the end of last month the country banned anonymous bank accounts from being used in trading virtual currencies. This was intended to prevent digital coins from being used to launder money or in crime. Lately the Asian country has emerged as a hub for the trading of cryptos.

Despite the softer stance the Finance Supervisory Service has indicated that the stringent regulatory oversight of illicit crypto trading would stay.

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