Tagged: initial coin offerings

Jonah Schulman: Head of Marketing at Security Token Market Discusses Benefits of Using Blockchain-based Security Tokens

  We recently caught up with Jonah Schulman, the Head of Marketing at Security Token Market, a US-based company focused on a listing website for Security Token Offerings (STOs) from all over the world. The firm’s STO listings include basic information about the company and… Read More

Like ICOs, IEOs Were More About “Speculation and Trading” than Fundraising and Project Development: Blockchain Sector Report

New York-based SMC Capital, a VC firm focused on blockchain technology, and Estonia’s bigX, a Fintech firm that provides a crypto-fiat exchange, have co-published an extensive report on initial exchange offerings (IEOs). IEOs came after initial coin offerings (ICOs), which are a type of crowdfunding… Read More

Report: UK Blockchain or DLT Firms are Increasingly Using Traditional Fundraising Methods, Not ICOs

A recent study published by VC firm, MMC Ventures, reveals that the United Kingdom’s blockchain or distributed ledger technology (DLT)-focused companies are increasingly turning to traditional fundraising options and strategies. The study confirmed that the initial coin offerings (ICO) model for securing capital has become… Read More

Since January, the French Autorité des Marchés Financiers Has Whitelisted Just ONE ICO

France has been recognized as quickly crafting a digital asset friendly regulatory environment while some other jurisdictions struggled to move. The concept of digital securities and non-security crypto assets found support from policymakers and a law was enacted to create a structure for initial coin… Read More

Switzerland: FINMA Annual Report Highlights Fintech Development Including Digital Assets, ICO Enforcement Actions

The Swiss Financial Market Supervisory Authority (FINMA) has published its annual report for 2019. FINMA said that blockchain technology continued to “preoccupy FINMA intensively.” FINMA currently oversees over 29,200 financial services firms and products. FINMA said it is increasingly seeing the development of digital securities… Read More

An ICO by Any Other Name: SEC Issues Investor Alert on Initial Exchange Offerings (IEOs)

The US Securities and Exchange Commission’s (SEC’s) Investor Education and Advocacy division is warning the public that, because both Initial Exchange Offerings (IEOs) and the platforms selling them may be unregistered and unregulated, investing in IEOs may be high risk- and not much different than… Read More

So Far, Not a Single ICO has been White-Listed by the Autorite des Marches in France

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

ICO Issuers that Sold Unregistered Securities May Not Be Able to Pay Penalties Assessed by the SEC. What Happens Now?

Last week, Crowdfund Insider referred to several Securities and Exchange Commission (SEC) enforcement actions that addressed the sale of unregistered securities by issuers of initial coin offerings (ICOs). Penalties assessed by the SEC are now coming due for several prominent enforcement actions brought by the… Read More

NASAA Reports Increase in Cryptocurrency Fraud Identified by State & Provincial Regulators

130 Crypto Investigations Have Been Launched in the US and Canada The North American Securities Administrators Association (NASAA), the lobbying association representing state and provincial securities regulators, says there has been an increase in crypto-related fraud as “investors and con artists alike have returned to… Read More

H1 2019 Report: Cryptocurrencies and IEOs Up, ICOs and Venture Funding for Blockchain Down

InWara, a firm specializing in the analysis of cryptocurrency/token offerings and “blockchain” startups has issued its “Half-Yearly report — H1 2019: Deciphering Token Offerings-IEOs, STOs and ICOs.” The firm is seeing interest in new types of tokens (IEOs and STOs) but significant drops for ICOs (many projects… Read More

France Expected to Approve First Round of Regulatory Compliant Initial Coin Offerings

France will soon reveal its first round of regulatory-compliant initial coin offerings (ICOs) according to a report. The ICOs come following a months-long discussion and conclusion of bespoke legislation to allow for digital assets to be issued and traded which are not deemed to be… Read More

Rwandan Central Bank Issues Warning Against “Pyramid Schemes, Network Marketing Programs and Scam Coins”

John Rwangombwa, Governor National Bank of Rwanda (BNR), has issued a notice alerting Rwandan citizens, “to the existence of investments scam(s)…operating in Rwanda (through locally-registered businesses or from abroad through online platforms).” The warning also states that pyramid, multi-level marketing and fake initial coin offering… Read More

The Australian Securities and Investment Commission Updates Information on ICOs and Crypto Assets: Operate Lawfully

The Australian Securities and Investment Commission (ASIC) has updated regulatory information pertaining to initial coin offerings (ICOs) and crypto-assets. In a release, ASIC recommended that businesses engaged in crypto “consider their legal obligations and satisfy themselves they are operating lawfully.” ASIC stated that their recent… Read More

Loi Pacte: France to Allow Initial Coin Offerings which are Not Securities Beginning in June

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Crowdfund Insider has just received a note that the Loi Pacte (Pacte Law) has been finalized and will become actionable beginning in June. The new regulatory regime will enable initial coin offering (ICO) issuers to raise capital online and sell digital assets which are not… Read More

Pleasure and Pain: the Challenges of Running a Blockchain Company

There’s no doubt blockchain is a revolutionary technology changing what is possible in many areas of modern life. However, there are both pleasures and pains in being early adopters and forming a company based on blockchain technology. Security and flexibility are offset by regulation and… Read More

Expose of White Paper Writers Shows Dismal Integrity in Initial Coin Offering (ICO) Promotions

“Money must be made,” says white paper writer Adefemi Yusuff Adegoke. And though Adegoke won’t allow his name to go on a “crappy” project, he and other writers are willing to generate the compelling white paper used to attract investors nonetheless. That these papers often… Read More

France Urges EU To Use its Crypto Sector Regulations as Model

France’s Finance and Economy minister, Bruno Le Maire, has told the EU that it should use rules established by France to govern the region’s cryptocurrency and digital asset sector as inspiration for EU and regional regulations. Le Maire told attendees at a recent “blockchain tech”… Read More

Are IEOs (Initial Exchange Offerings) Any Better than ICOs?

“Vetted” retail investors are lining up to buy a revamped version of ICOs (initial coin offerings) called IEOs (initial exchange offerings), digital tokens “curated” by trading platforms, Bloomberg reports. After a slew of bad press and bad results over the past few years, ICOs have… Read More

Report: Initial Coin Offerings are Dead for Now

A report in WSJ.com is running the comps regarding initial coin offerings (ICOs) from Q1 of 2019 versus the same quarter of 2018 and the contrast is rather grim. According to data gleaned from TokenData, in the first three months of 2019 only $118 million… Read More

Spain Regulator: No ICOs Have Been Approved

Spain’s Comision Nacional Del Mercado de Valores (National Securities Market Commission or CNMV) has issued a statement clarifying that, to date, it has not approved any ICOs fundraising within its jurisdiction. According to a release from the Commission processed [Google Translate]: “The CNMV has not… Read More

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