After funding two cryptocurrency-related companies, the Irish state agency Enterprise Ireland (EI) suddenly reversed course, asking the same companies to take down all public mention of its support. The bitcoin/crypto community in Ireland is not pleased.
Enterprise Ireland’s Love/Hate of Cryptocurrency
Earlier last month, Enterprise Ireland without warning “ordered two fintech firms to remove website information and amend details in an investment prospectus that appeared to suggest the State agency endorsed two separate bitcoin-style funding drives worth €2.5m,” reports Independent.
The companies were suddenly required “to amend or remove promotional material linked to Initial Coin Offerings (ICOs) that may have suggested the ICOs were endorsed by EI,” Simon Rowe explained…
Read Full: Enterprise Ireland Gets Fickle, Funds and then Backs Away from Cryptocurrency Start-ups