Tag Archives: ICO

Hong Kong securities watchdog warns on ICOs

In a speech at an investment industry function on Friday, Julia Leung,the head of the Hong Kong Securities and Futures Commission (Hong Kong SFC), once more cautioned the public over fundraising activities associated with the technology, admitting that the type of fundraising conducted through Initial Coin Offerings (ICO) is better suited to venture capital funds. Julia Leung, who is also …

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Email Service MailChimp to Block ICO, Crypto Marketing

Email distribution company MailChimp will bar marketing campaigns for cryptocurrencies and initial coin offerings starting next month. In an email sent to a MailChimp customer and obtained by CoinDesk, the company said that it will no longer allow its service to be used for crypto campaigns because they are “too frequently associated with scams, fraud, phishing, and potentially misleading business …

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Kodak begins raising cash in pre-ICO

Former film and camera heavyweight Kodak has announced the upcoming launch of its own cryptocurrency, dubbed KODAKCoin. An initial coin offering (ICO) is scheduled to open at the end of January. KODAKCoin will function as a currency and the cryptographic token used to power KODAKOne, an upcoming blockchain platform that will allow photographers to register archived and new work on …

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Russian cryptocurrency bill is ready

On Thursday at the finance ministry’s meeting of the public council was presented the bill for the regulation of cryptocurrencies and ICOs. It was jointly developed by the country’s central bank and finance ministry. The regulators have shared some details of the bill including how mining activities are to be taxed. The bill is expected to be adopted in March, …

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Belarus legalizes cryptocurrency & ICOs

The government of Belarus has passed new statutes aimed in part at encouraging the development of companies around cryptocurrency and blockchain. According to the state-owned media agency BelTA, on Dec. 22 Belarus President Alexander Lukashenko signed a digital economy development decree that legally enshrines the use of emerging technologies like blockchain, while also offering significant tax incentives in a bid …

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Russia will reveal Bitcoin, ICO draft regulation bill next week

Speaking to reporters today, member of Parliament Anatoly Aksakov revealed details of the upcoming draft bill on the regulation of cryptocurrencies and ICOs, currently being worked on by Russia’s central bank and the ministry of finance. This draft law will be submitted on December 28. Aksakov, who notably serves as the president of the association of regional banks of Russia …

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Overstock’s hybrid ICO

Overstock subsidiary tZERO is adding several new business verticals as part of its forthcoming initial token offering (ICO). Specifically, the tZERO token holders are now being offered the ability to buy blockchain-enabled digital locate receipts, along with newly revealed robo-advising services, online retail brokerage services, insurance products and education services dispersed in an app store-like environment. “Crypto is very new, …

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Tezos filed a second collective legal action for a month

The case of Tezos may become the first civil case involving the ICO. The Swiss blocking start-up Tezos, which, during the ICO, attracted $ 232 million, received a second lawsuit from investors. This is reported by Reuters. The suit is filed with the District Court of Florida, appeals to the co-founders Tezos Arthur and Kathleen Breitman and the companies Tezos …

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Singapore’s Central Bank Issues New Guidelines on ICO Securities Laws

Singapore’s central bank has issued new guidelines on initial coin offerings (ICOs) providing guidance on how tokens should be applied under its securities laws. In its 13-page document titled ‘A Guide to Digital Token Offerings,’ the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, wrote that: Offers or issues of digital tokens may be regulated by MAS …

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SEC claims that celebrity-endorsed ICOs could be illegal

In a statement that was released by the agency in early November 2017, the SEC claimed that celebrities should disclose any compensation they have received for endorsing token sales to avoid violating the anti-touting laws. “Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they …

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