Various entities, users, and companies commonly seek to introduce their own cryptocurrencies. It’s quite challenging to do so successfully, as not all currencies are created equal. Wan Kuok-toi, a former Macau triad boss, is looking to launch his own cryptocurrency and associated blockchain ecosystem. It’s a remarkable development, albeit one that will be criticized.
Another Questionable Cryptocurrency Launch
Although more competition in the cryptocurrency world can be a good thing, it remains to be seen how the Dragon Coin cryptocurrency will fare. During the initial coin offering, the project raised $320 million, which is a more than respectable amount. Various initial coin offerings have seen far less success in the past few years, even though there is plenty of money changing hands in this industry.
While the Dragon Coin cryptocurrency has seen its fair share of success already, it appears there is plenty of controversy surrounding this project as well. More specifically, one of the firms behind this currency has one staff member with a rather dubious background.
Wan Kuok-toi is a well-known individual in the Asia Pacific region. The former Macau triad leader – nicknamed Broken Tooth – was sentenced to 14 years in jail for gang-related crimes. Since his
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