Cryptocurrency - Developments In Mauritius

2017 was a very eventful year for the crypto industry. From the price of Bitcoin shooting from a starting price in the region of USD 985 at the beginning of January 2017 to a surprising USD 19,186 around mid-December 20171, to the taking off of the ICO (Initial Coin Offering) concept as a novel fundraising method which allowed blockchain startups worldwide to raise in excess of USD 4 billion YTD2, one can only conclude that crypto investors have been kept on their toes during the past year trying to hunt for the next bitcoin whilst sifting the legitimate ICO projects from the scams.

Governments worldwide have also been kept busy trying to stay abreast of the developments in this industry with jurisdictions such as Japan and Canada showing favourable tendencies towards the adoption of cryptocurrencies as a method of payment, but other jurisdictions such as China and South Korea cracking down on the use of these currencies. The predictions regarding cryptocurrencies are