Tagged: initial coin offerings

Monetary Authority of Singapore Publishes Guidance on Initial Coin Offerings

The Monetary Authority of Singapore (MAS) has published a document providing guidance on Initial Coin Offerings (ICOs). Entitled “a Guide to Digital Token Offerings,” the document seeks to clarify when an ICO is in fact a security, and thus regulated and the application of securities… Read More

Germany Cautions on ICOs as BAFIN Says Offers are Attracting Fraudsters

Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has published a consumer warning today on Initial Coin Offerings (ICOs). BaFin said the purchase of cryptocurrency coins or tokens may result in substantial risks for investors calling them highly speculative. The agency said the high… Read More

New Zealand Clarifies Stance on ICOs, Cryptocurrencies as FMA Publishes Commentary: “All tokens or cryptocurrencies are securities under the FMC Act”

The New Zealand Financial Markets Authority (FMA) is out with a statement on both cryptocurrencies and Initial Coin Offerings (ICO). New Zealand, a relatively small country that has been fairly supportive of Fintech, stated it wants to “facilitate responsible innovation, and ensure that the regulatory… Read More

Initial Coin Offerings Need Governance Now

It is clear with the Tezos Greek tragedy, many Initial Coin Offering (ICO) investors are worried about investing in complex and sometimes shady structures. The founders visiting the Swiss city of Zug to set up their foundation may find their days numbered. The idea to… Read More

Unlawful: SEC Warns Celebrities Against Pumping ICOs & Other Investment Opportunities

The Securities and Exchange Commission (SEC) is out with a note, and an investor alert, warning celebrities against the “unlawful” promotion of Initial Coin Offerings (ICOs) and other investment opportunities. The SEC is referencing the multiple, prominent endorsements of ICOs by high profile celebrities such… Read More

Must Read: Report Says ICOs are Returning 1320% on Average, Tokenized Offerings Poised to Disrupt Traditional VC

This is interesting. Mangrove Capital Partners, a venture capital group based in Luxembourg, has published a report indicating that Initial Coin Offerings are delivering huge returns for investors. Mangrove says investors have received  a return of 1320% on average. This is taking into consideration ICOs… Read More

Report: Initial Coin Offerings have raised Over $2 Billion in 2017 as More VCs Invest

CBInsights is out with an interesting report on Blockchain and associated trends which tackles the booming Initial Coin Offering (ICO) market.  According to the report, ICOs have raised more than $2 billion in 2017 and the upward trajectory shows no signs of slowing as long… Read More

Ontario Securities Commission Keen to Support ICOs, Cryptocurrency in General

While some financial regulators have simply stopped Initial Coin Offerings (ICO) or slowed activity in the cryptocurrency space, others have been more receptive towards embracing change and recognizing the fact you need to be more innovative. The Ontario Securities Commission (OSC) is one of the… Read More

Swiss Authorities Create “Juridical Certitude” for ICOs

The Financial Market Supervisory Authority (FINMA) in Switzerland commented on the initial coin offerings (ICOs) market in Switzerland last month. FINMA issued Guidance 04/2017 on this topic just as it announced it was investigating a number of ICOs to determine if laws had been broken…. Read More

StartEngine Starts Accepting Submissions for Initial Coin Offerings

StartEngine has announced it has started to accept applications to list an Initial Coin Offering (ICO) on its crowdfunding platform. The full stack crowdfunding platform publicly announced in August its intent to incorporate tokenized security offerings alongside more traditional types of securities. StartEngine enables companies… Read More

SEC Chairman Jay Clayton Tells House Committee that Fewer Public Companies is a Troubling Trend, Shares Insights on ICOs

Securities and Exchange Commission Chairman Jay Clayton spent much of today visiting with the House Financial Services Committee. This was his first hearing before the Committee since he took the helm of the regulatory agency. Much of Clayton’s prepared remarks echoed his visit to the… Read More

SEC Chairman Jay Clayton says ICOs Have Some Good But Also New Avenue for Fraud

The Chairman of the Securities and Exchange Commission, Jay Clayton, visited with the House Financial Services Committee today. In his prepared remarks and along with subsequent questioning, Clayton aptly defended the importance of capital formation and the need to have a robust Initial Public Offering… Read More

Comment on Recent Regulatory Moves by South Korea & Switzerland Regarding ICOs

Just about every week we have been hearing about regulators in one country or another curtailing Initial Coin Offerings or simply banning them outright. China, perhaps taking the most extreme action, simply banned cryptocurrency exchanges and ICOs effectively crushing the nascent market domestically. Last week… Read More

China: WeiyangX Fintech Review

CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in?  Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More

CEO of Blockchain Tech Company DigitalX Comments on ASIC’s Position on ICOs

Earlier this week, the Australian Securities and Investment Commission (ASIC) came out with a statement on the emerging Initial Coin Offering (ICO) market that clarified its perspective on tokenized crowdfunding offers. Australia is a country that has been very aggressive in establishing itself as a… Read More

FinTech Australia Says ASICs Recognition of ICOs a Positive Step for Crowdfunding with Digital Coins

Yesterday, the Australian Securities and Investment Commission (ASIC) published guidance on the Initial Coin Offering (ICO) market. The cautionary note told investors to be diligent when reviewing ICOs for a potential investment while noting security offerings are a regulated activity. FinTech Australia called ASICs move… Read More

Australia Publishes Guidance for Initial Coin Offerings

The Australian Securities and Investment Commission (ASIC) has just published their spin on the burgeoning Initial Coin Offering (ICO) market. John Price, ASIC Commissioner, stated; “We want to ensure innovative firms understand the regulatory framework they may be operating under and ensure they meet any… Read More

Gibralter Announces New Regulatory Framework for ICOs to Publish in Early 2018

The Gibraltar Financial Services Commission (GFSC) has taken notice of the rising use of cryptocurrencies and tokenized offerings and instead of blocking them, the Commission will publish a new regulatory framework commencing in January 2018. The new rules will regulate the activities of firms, operating… Read More

Overstock Subsidiary tZERO Partners on JV to Launch Alternative Trading System for ICO Tokens

tZERO, a subsidiary of Overstock.com, (NASDAQ:OSTK),  has announced a new joint venture (JV) to launch an Automated Trading System (ATS) for the trading of Tokens issued via Initial Coin Offerings. The JV is in partnership with RenGen LLC and Argon Group and the trading platform… Read More

Dr. Garrick Hileman on ICOs, Bitcoin and Cryptocurrency in China

The Cambridge Centre for Alternative Finance (CCAF) has just published their first benchmarking report on the emerging global Blockchain market. Earlier this year, CCAF published a benchmarking report on the global cryptocurrency markets.  CCAF has established themselves as the leading research in the alternative finance… Read More