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Breakingviews - Crude-backed crypto-coin is mostly snake oil

Retrieved on: 2017-12-08 04:48:45

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<div>Now he wants to bring respectability to the digital realm by making an <b>initial coin</b> <b>offering</b> of OilCoin, a virtual token backed by the physical commodity. The group says it will comply with U.S. regulatory requirements, and use the proceeds to buy oil futures and other oil-related products. The goal is to ...</div>

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