Blockchain Tokens – Compliant Structures for Securities Offerings

Bitcoin, Blockchain and the Law, Opinion, Regulation | June 28, 2018 By:

Proceeds from blockchain token sales (popularly known as initial coin offerings or “ICOs”) reportedly topped $5 billion in 2017, with approximately $1 billion of such offerings originating in the United States (EY research: initial coin offerings [ICOs] [Dec. 2017]). Blockchain technology has a variety of potential applications,

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US Regulators Use Carrots and Sticks For ICOs and Crypto Investments

Bitcoin, Blockchain and the Law | June 8, 2018 By:

US state and federal regulators recently offered carrots to guide market actors toward better behavior and are using the stick of enforcement actions to discourage fraud in ICOs and other cryptocurrency-related offerings.

 The US Commodity Futures Trading Commission (CFTC) recently issued guidance for the listing of virtual currency derivative products to registered exchanges and clearinghouses in Staff Advisory No.

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ICOs Avoiding US Citizens Not Immune To Lawsuits In US

Bitcoin, Blockchain and the Law, Opinion, Regulation | June 1, 2018 By:

Last summer, the Securities and Exchange Commission (SEC) issued its 21(a) report concluding that, according to the Supreme Court’s decision in SEC v. W.J. Howey Co., the DAO token qualified as a “security” under the federal securities laws and its offering had to either be registered with the SEC or subject to an exemption from registration.

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‘Operation Crypto-Sweep’ Initiated By Securities Regulators Against ICOs – Report

Bitcoin, Blockchain and the Law, Crime, ICO News, Investing, News | May 21, 2018 By:

United States and Canadian securities regulators have launched an investigation into at least 70 companies engaging in initial coin offerings (ICO), according to a Washington Post report.

The news came from members of the North American Securities Administrators Association, who said that nore than 40 state and provincial watchdogs are participating in “Operation Crypto-Sweep.”

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Former Prosecutor Laurel Rimon On Money Laundering: “What’s Identified Is A Fraction of What Goes On.”

Bitcoin, Blockchain and the Law, Crime, News, Regulation | May 14, 2018 By:

Banks and financial institutions are long accustomed to new and changing regulations aimed at preventing money laundering and terrorist financing. Now, a new set of Customer Due Diligence Requirements issued by FinCEN have taken effect.  

But for emerging “money services business” (MSB) – especially those engaged in cryptocurrency,

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