Tagged: initial coin offerings

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

Malaysia Proposes Healthier ICO Framework That Also Shows Signs of Naivete

Citing a “growing interest” amongst the public in “blockchain-based digital assets,” the Malaysia Securities Commission has issued a proposed regulatory framework for the issuance of ICO’s (initial coin offerings) and is asking for the public’s feedback. The proposal actually contains many cogent suggestions that improve… Read More

Consultation: Malaysia Seeks Feedback on Proposed ICO Framework

The Securities Commission Malaysia (SC) has published a consultation on a framework for Initial Coin Offerings (ICOs). The SC is one of many financial regulators that are seeking to better understand digital assets while investigating potential regulatory environments to create an effective ecosystem. The SC… Read More

Israel Securities Authority Outlines Recommended Regulatory Approach for Digital Assets

Last week, a committee at the Israel Securities Authority (ISA) investigating the applicability of regulation pertaining to initial coin offerings (ICOs) and digital assets submitted their final report. The Committee was first established in August of 2017 during the height of the ICO boom. The… Read More

Post-Disaster Clean Up: ICO Class-Action Portal Goes Online

Regulatory drag around the regulation of initial coin offerings (ICOs) combined with arguably excessive risk-tolerance have produced the disaster that has so far characterized crypto-investing for the average guy. If most ICO tokens were indeed circulated in what Professor Jorge Stolfi has argued are “negative… Read More

Initial Coin Offering Consultation by the Australian Government Closes Today

The Treasury of the Australian Government launched a public consultation on the initial coin offering (ICO) marketplace in January and the process closes today (February 28th). The consultation is part of a broader policy initiative to foster innovation in the financial services industry. Like much… Read More

Korean Government Upholds ICO Ban: “No Company Had Actual Service,” Tokens Dumped

Citing “high risk,” “insufficient disclosure,” “no actual service” and token dump price plunges of 68% immediately after privately sold coins are introduced onto public exchanges, the Korean Government has decided to uphold strict regulation (reportedly a ban) on ICOs (initial coin offerings). The government made the decision… Read More

Doug Ellenoff Comments on FINRA’s Priorities Letter & Intent to Target Online Securities Platforms, Points a Finger at ICOs

FINRA recently posted their annual Risk Monitoring and Examination Priorities Letter. As part of the letter, FINRA stated they would be evaluating how firms conduct suitability analyses as well as communications and AML requirements for both Reg D 506c and Reg A+ offerings. These two exemptions… Read More

Here is the OECD Report on Initial Coin Offerings to Support SMEs

Just about every international organization that touches finance has postulated on initial coin offerings (ICOs) and what should be done with this new form of access to capital. Last week, the Organization for Economic Cooperation and Development (OECD) had their say. Last fall, the OECD… Read More

ICOs 2.0: Security Tokens Set to Take Centre Stage

Make way for the next generation of blockchain crowdfunding Alongside the rise of Bitcoin and other cryptocurrencies, Initial Coin Offerings (ICOs) saw explosive growth in 2017, with more than 1,500 ICOs raising a combined total of over $28 billion in the last two years alone…. Read More

Report: Are ‘Smart Security Offerings’ the Evolution of Capital Formation?

Just published today is a presentation created by Ownera, NovaBlock Capital, and the Security Token Summit that outlines the evolution of capital formation with Security Token Offerings (STOs) or “Smart Security Offerings” being the most evolved iteration to date. While the initial coin offering (ICO)… Read More

European Securities and Markets Authority Tells European Commission that ICOs and Crypto Assets Need an EU Wide Regulatory Approach

The European Securities and Markets Authority (ESMA) has just published its “Advice” on “Initial Coin Offerings and Crypto-Assets.” In the past, ESMA has issued several warnings regarding crypto-assets and virtual currencies. The Advice outlines ESMA’s position on the issues that exist in the rules within ESMA’s… Read More

Why Have Offshore Financial Centres Become the Home of ICOs?

Initial Coin Offerings (ICOs) are booming in offshore financial centres. In 2017, only a small minority of cryptocurrency transactions were taking place offshore but just a year later, according to a study by PriceWaterhouseCoopers and CryptoValley, the Cayman Islands, British Virgin Islands (BVI) and Singapore… Read More

UK Financial Conduct Authority Issued Warnings About Four-Fifths of the Crypto Companies It Investigated

A freedom-of-information request filed by The Sunday Telegraph shows that four-fifths of 49 companies investigated by the UK’s Financial Conduct Authority (FCA) resulted in warnings about those companies being issued to the public. A total of 67 investigations into crypto operations have been launched by the FCA. 18 investigations are… Read More

Wall Street Journal Identifies 513 “Questionable” Cryptocurrency Projects in New Report

Reporters at The Wall Street Journal have identified 513 cryptocurrency projects using plagiarized language, listing false “team members” and promising outsize returns to lure investors. Reporters used automated key-word search tools and human scrutiny to to trawl 3300 crypto white papers for evidence of misconduct. All… Read More

Send this to a friend