Fisco Withdraws from Cryptocurrency Business, Ending All FSCC Initiatives

Complete Withdrawal from Cryptocurrency Business

On the 14th, at its board of directors meeting, Fisco decided to terminate all new initiatives related to its proprietary cryptocurrency, Fisco Coin (FSCC), and to cancel the burn (a process to permanently reduce circulation by destroying coins) scheduled for the fiscal year ending December 2025.

Previously, the company had positioned the enhancement of FSCC's value and the expansion of its economic zone as central pillars of its business. In November 2021, it announced the implementation of a burn and the provision of FSCC as a shareholder benefit...