Tagged: joshua klayman

The Token Sale Sky is Not Falling. Unless We Cause It To.

You Can’t Generally Stop Someone From Suing You. In the years before the blockchain buzz, I often would sit in my mentor’s office for conference calls. Even on calls where there was not much for me to add, I always learned from listening to him… Read More

Gibraltar: Does Statement on Initial Coin Offerings Include New Regulatory Framework?

  On September 22, 2017, the Gibraltar Financial Services Commission (GFSC) issued a Statement on Initial Coin Offerings (ICO).   With the GFSC Statement, Gibraltar joined a growing number of jurisdictions that have provided token sale guidance, including, among others, the United States, Canada,  Singapore,  Hong… Read More

Joshua Klayman Shares Her Perspective on Marco Santori’s White Paper on SAFTs

Marco Santori, Fintech Team Leader at the law firm of Cooley LLP, has published a white paper tackling the issue of “Simple Agreement for Future Tokens” or SAFTs – the widely used structure for Initial Coin Offerings (ICOs). Santori proposes a path toward a compliant framework… 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

ICOs & a Sustainable Global Token Sale Market: Joshua Klayman of MoFo Provides Answers

There is a lot going on in the cryptocurrency driven Initial Coin Offering market today. In recent weeks, national regulators have acknowledged the existence of tokenized funding rounds along with the fact that many are really securities and thus regulated. The US Securities and Exchange… Read More

Hong Kong Joins Growing List of Countries Warning that ICOs May Be Securities (and thus regulated)

Hong Kong has released a statement on the use of initial coin offerings (ICOs) warning issuers and platforms alike that certain ICOs may be deemed securities and thus fall under existing securities laws. The Securities and Futures Commission (SFC) said it has noticed an increase in… Read More

Canadian Securities Administrators Caution Public & Issuers on Initial Coin Offerings

The Canadian Securities Administrators (CSA) have posted a notice regarding companies that are using Initial Coin Offerings (ICOs) to raise capital online. The CSA published a Staff Notice, 46-307 Cryptocurrency Offerings, noting that issuers may need to comply with existing securities law. Canada is the… Read More