Microsoft Azure Cloud Platform Gets Its Own ICO Crypto Solution Via Stratis Turnkey Platform
A new Initial Coin Offering (ICO) solution has just launched on top of Microsoft’s Azure cloud platform. The new ICO solution has been developed by Stratis, an ICO platform that offers KYC solutions, custom branding and also support for different currencies. The information was released on February 23 by The Block.
The MarketPlace listing is currently live and running. However, when customers try to use it there seem to be some problems. The ICO solution might just be an accident. The ICO platform is not an officially-sanctioned Microsoft project. Nevertheless, it might not be surprising to deploy a single-click solution
Initial Coin Offerings expanded in the market during 2017 and the beginning of 2018. At that time, ICOs were able to gather millions of dollars in funding and donations to fund their projects and launch a virtual currency and a platform, service or good. Most of these ICOs did not release any platform to the market and some of them were simply scams.
Due to this situation, ICOs have been reducing their presence in the crypto market. Now, there are fewer ICOs than at any moment in 2018. The U.S. Securities and Exchange Commission (SEC) is currently trying to increase its presence in the market and control that ICOs are not unregistered securities.
Clearly, the platform released for Microsoft's Azure might not last for a long time online. Indeed, due to the increased presence from regulators and how they’ve been imposing regulations to these firms, the project might not last for a long period of time.