In various Asian markets, Karnika E. Yashwant, crypto expert and ICO advisor, sees a lot of progress happening for launching ICOs, but not in their governments and shines a light on this phenomenon.
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.
Seven EU nations have declared their intent to promote blockchain technology in their countries. The declaration was made by France, Italy, Cyprus, Portugal, Spain, Greece and Malta.
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 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.
South Korea will consider a possibility to open up the road to Initial Coin Offerings through easing the country’s legislation.
The French authorities have accepted the legal ICO framework drafted in early 2018. The framework is an important part of a push to turn the country into an ICO hub.
According to the recent ruling made by a US federal judge, criminal cases related to shady ICOs officially fall under securities laws.
The Australian Securities and Investments Commission views cryptocurrencies and crypto-related activities including ICOs as potential threats for traditional financial markets.