According to SEC, many ICOs listed on Coinschedule.com appear in its DAO Report published in 2017, warning that: “coins sold in ICOs may be securities and that those who offer and sell securities in the U.S. must comply with federal securities laws.” SEC revealed that Blotics has agreed to cease and desist from future violations…
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Crypto attorneys that support Initial Coin Offering (ICO) promoters in the United States have been requesting for some time more clarification from the SEC on how it interprets current securities legislation to determine whether or not an ICO qualifies as an “investment contract”, thereby necessitating formal registration and investor disclosure requirements under the law. At…
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Recent news headlines report that police have made another arrest in connection with a $70 million Initial Coin Offering (ICO) scam in India. This scandal is unfolding at the same time that an inter-ministerial committee reviews current policy directions related to cryptocurrencies. Currently, a quasi-ban exists that is being administered by the Reserve Bank of…
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The SEC is determined to eradicate the rampant fraud that persists within the Initial Coin Offering (ICO) space. Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division, recently delivered a speech to the Harvard Law School’s Program on International Financial Systems in which he made known his agency’s desire to clean up the…
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The company Presto informed the public that it has filed a constitutional complaint against South Korean’s ban on Initial Coin Offerings (ICOs), as the country's economic media outlet Sedaily reported earlier. LeapRate reminds that, after China announced its ban on domestic exchanges trading Bitcoin, South Korea was the next country that also came out with the news…
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Cryptocurrency articles proliferate the headlines these days, but more often than not, the subject matter deals with victims and the losses they have sustained at the hands of clever conmen. Per one insider: “As fascinating as the crypto-sphere might be, it’s definitely not a place for the faint-hearted. Sure, cryptocurrencies have taken the world by…
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The decentralised streaming platform for gamers and eSports fans Play2Live announced that it has completed its ICO (Initial Coin Offering) campaign, raising $30 million in total in less than two months. The funds will be used to build a transparent and user-friendly ecosystem for streaming and gaming projects, with Play2Live’s proprietary cryptocurrency Level Up Coin…
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The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) informed today that they wish to draw the public’s attention to initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by the SC and BNM. Carrying on such activities without proper authorisation is an offense. Issuers of ICOs should…
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The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law…
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