Good news for blockchain token projects concerning their ability to bypass U.S. securities registration requirements. While before they had to stand in the queue to fill out all the documents, now they can obtain so-called no-action letters from the SEC.
For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.
The ICO market has exploded in the last two years attracting an ever-rising number of fraudsters. A SEC official now believes that international cooperation is crucial to bring the scammers to justice.
South Korea’s financial authorities are actively working on preparing new taxation plans to introduce taxes on crypto trading and ICOs.
The U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.
The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.
The updated guide clarifies the Singapore central bank’s stance on how certain intermediaries should observe the rules determined by Anti-Money Laundering and Countering Financing of Terrorism policies.