Latest ICO News
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.
Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
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.
In its first cases, the SEC has brought violations against Floyd Mayweather Jr. and music producer DJ Khaled involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy.
