Posts in category

ICO


The Swiss Financial Market Supervisory Authority (FINMA) published a set of guidelines yesterday, Feb. 16, for applying existing financial market legislation to the regulation of Initial Coin Offerings (ICO). FINMA CEO Mark Branson sees these guidelines as a way of helping Blockchain technology successfully enter Swiss markets, noting that Blockchain companies “cannot simply circumvent the …

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Telegram creators Pavel and Nikolai Durov have filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC) Feb. 13, reporting $850 mln raised under the SEC exemption Rule 506(c) from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.” The type of …

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With Blockchain came Bitcoin, which spawned Ethereum, this led to a few other major coins either forking off or being born a new in the crypto space. As this ecosystem has grown, however, there has been a boom in more cryptocurrencies being created; the ICO boom. As more and more companies participate in ICO’s as …

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The People’s Party of Spain is considering legislation that would give tax breaks to companies that use Blockchain technology, Bloomberg reports Feb. 15. Teodoro García Egea, the lawmaker preparing the bill, told Bloomberg that the legislation should be ready this year. García Egea added that bringing Blockchain-based companies into Spain will promote business across all …

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Switzerland’s finance regulator has published new guidelines that indicate it will treat some tokens sold during initial coin offerings as securities. In a press release published today, the Financial Market Supervisory Authority (FINMA) said there has been a sharp rise in the number of ICOs launching in Switzerland, resulting spike in inquiries about the regulations …

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The Canadian Securities Exchange (CSE) announced yesterday, Feb.13, that they will soon launch a securities clearing and settlement platform based on the Ethereum (ETH) Blockchain that lets companies raise capital with security tokens. According to the CSE announcement, companies using the Blockchain-based platform can issue Security Token Offerings (STO) to investors as a means to …

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A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database. In this way, the tokens would allow for what entrepreneurs are calling “fractional ownership,” or the ability for a real estate …

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Months after China’s clampdown on initial coin offerings (ICOs), professional ICO white paper copywriters are still offering services, including fabricating information, reports suggest. The People’s Bank of China notably banned domestic initial coin offerings in September 2017, yet searches using key words such as “ICO,” “blockchain” and “whitepaper” result in dozens of online stores on …

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Self-proclaimed fans of a popular Chinese boy band have built an initial coin offering (ICO) around their idols, amid controversy over the project’s legitimacy. At the heart of the project is a well-known home-grown pop band named The Fighting Boys (or TFBoys), formed by three teens – Karry Wang, Roy Wang, and Jackson Yi – …

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Comcast Ventures isn’t just investing in blockchain startups – it’s investing in blockchain startups that invest in blockchain startups, with some very specific goals in mind. The firm last month joined IBM and Boldstart Ventures in backing accelerator mState, which invests in startups building enterprise blockchain solutions. Further, Comcast Ventures revealed to CoinDesk a recent …

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The Securities and Exchange Commission (SEC) should give past initial coin offering (ICO) organizers the chance to seek remediation in light of possible violations, according to a petition filed with the agency last month. The petition was penned by Liquid M Capital, a broker-dealer and fintech firm acquired by Templum earlier this month. Dated January 23 …

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David Silver is the founder of Silver Miller, a plaintiffs’ law firm that brings cases against cryptocurrency exchanges and investment offerings. The views expressed here are his alone. You can reach him at DSilver@SilverMillerLaw.com. I’m late, I’m late! For a very important date! No time to say “Hello.” Goodbye! I’m late! I’m late! I’m late! …

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5. It puts more control in the hands of investors. Contributors have much more to say and influence in the development stage of the project. If they are not happy with how the project is progressing, they can set the contract to withdraw and get a refund. This completely mitigates the risk of scam ICOs …

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Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects, Forklog news outlet reported Monday, Feb. 12. Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles – approximately equal to $1.7 mln – and a license for …

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The European Supervisory Authorities (ESAs) has warned customers that cryptocurrencies are “highly risky” assets that show “clear signs of a pricing bubble” in a pan-European Union consumer warning released Monday, Feb. 12. The ESAs is made up of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and …

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The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is preparing a set of regulations for cryptocurrencies, Initial Coins Offerings (ICOs) and cryptocurrency exchanges, according to an official announcement published Sunday, Feb. 11. While developing the regulations, FSRA intends to cooperate with relevant qualified institutions and individuals involved in the cryptocurrency …

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The term dark pool might sound ominous, but investors think building one could prove to be a boon for the crypto market. Announced today, Republic Protocol has officially completed an initial coin offering (ICO) for its REN token, raising 35,000 ether (roughly $30.5 million at current prices) from lead investors Polychain Capital and FBG, as well …

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A self-regulatory association that draws support from China’s banking and securities sectors is vowing to increase its oversight over cryptocurrency and initial coin offerings (ICO) in 2018. In its annual meeting held on Feb. 9, China’s National Internet Finance Association (NIFA) revealed that while it has put special efforts into overseeing the sector in 2017, it expects …

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Officials in Gibraltar are reportedly weighing rules for initial coin offerings (ICOs), a move that follows a bid to develop a licensure framework for companies working with the tech. The discussions will include input from members of the British overseas territory’s legislature as well as the Gibraltar Financial Services Commission (GFSC). Like many other countries …

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Gibraltar’s government and Gibraltar Financial Services Commission (GFSC) have announced that in the coming weeks they will develop a draft law that will regulate Initial Coin Offerings (ICOs) in the British overseas territory, Reuters reported Feb. 9. The draft law, aiming to regulate the promotion, sale and distribution of digital tokens on the territory of …

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