Buroka Azerbaijan to issue its own cryptocurrency
Baku, Azerbaijan, July 16
By Huseyn Veliyev – Trend:
Buroka Technologies Azerbaijan plans to enter the ICO (Initial Coin Offering) and in 2019 to issue its own cryptocurrency, the company told Trend on Monday.
Access to the ICO will be possible after the company has expanded its presence in 20 countries, which is currently a priority and all efforts of the company are aimed at achieving this goal, the source said.
“Right now, Buroka Technologies is represented in Azerbaijan, Romania and Nigeria. Soon another branch of the company will start operating in Georgia. After the company has expanded its branch network, it will enter the ICO and issue its own cryptocurrency, which is possible already in the 1H2019”, the company said.
ICO is a form of attracting investments for cryptocurrency projects and for this there is no need to adopt a special regulatory framework.
The Buroka Technologies company is in contact with the London crypto-exchanges Kraken and Bitstamp.
The company's goal is to develop crypto-brokering in Azerbaijan so that it would be easier for people to buy the cryptocurrency here, and not outside the country. The company is mainly engaged in trading [in Romania and Nigeria] five cryptocurrencies Bitcoin, Ethereum, Ripple, Dash and Litecoin.
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