Even Bitcoin Needs Traditional Finance . . . - Articles

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Posted by: Joan Heminway on Sep 27, 2018

Bitcoin and other cryptocurrencies have raised issues under securities laws in the United States because of concerns that certain cryptocurrencies may themselves be securities. But Bitmain Technologies Ltd., a leader in cryptocurrency mining, has chosen to undertake capital financing through a more traditional means: an initial public offering — in Hong Kong. The success of the offering is, however, uncertain. As The Wall Street Journal notes, “the potential offering comes at a difficult time for both the cryptocurrency and public-equity markets.” Nevertheless, this is a financing that many markets will watch.  The New York Times also reported on this offering.