Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO
Lithuania’s central bank has launched an investigation into a domestic initial coin offering (ICO), which it says has violated the country’s securities laws.
According to a statement dated Feb. 15, the Lietuvos Bankas has opened a probe into blockchain financial services startup Bankera, whose ICO has reportedly raised more than 108 million euros (~$133 million) since its November launch.
https://www.ccn.com/lithuanias-central-bank-investigates-100-million-euro-bankera-ico/
And being the benevolent entity that the Central Bank is in its bid to protect the investors, it will now bankrupt the ICO with heavy fines, leaving all of the investors stripped of their investments. It sure is good to have these bureaucrats and bankers looking out for the welfare of the citizens.