Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure
by
frerejaak
on 31/05/2018, 20:25:04 UTC
Authorities in Europe have ruled that crypto mining is a financial service or better said AIF, an alternative investment fund. Basically to my understanding this is probably the end of envion as it renders their business model simply illegal, I guess they will have to pay back the money to investors, but not for sure, it might also just be distributed among the shareholders, I did not read the WP in this regard, maybe someone should do it to soon.

not only this, but sonm is coming out with their crypto iaas mainnet this june, which will pretty much use excess computing power from the network to mine coins at about 20% of the original mining cost. So, not only will envion pretty much be illegal in europe, but also obsolete