ICO Wrap – Initial Coin/Token Offering News Summary for June 14, 2018

ICO News | June 14, 2018 By:

Thailand’s SEC To Approve Five ICO Projects This Month

The Securities and Exchange Commission of Thailand (SEC) is reportedly expecting to approve five initial coin offerings (ICO) once the new regulatory framework takes effect later this month.

Blockchain Compliance Solution Launched By Gecko Governance

RegTech blockchain firm Gecko Governance has launched a new compliance solution that aims to offer enhanced levels of transparency and accountability to platform users within the blockchain industry.

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Blockchain Remittance Platform Announced By FinTech Startup Chynge

Blockchain, ICO News | June 13, 2018 By:

Singapore-based FinTech startup Chynge will be launching a blockchain remittance platform that will allow users to make instant and free money transfers across borders.

Chynge provides money changing and international money remittance services. It currently offers Chynge Money, a social discovery platform that allows users to change money directly with each other or with licensed money changers,

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Cryptocurrency Company LevelNet Hit With Cease And Desist Order In Vermont

ICO News, News, Regulation | June 5, 2018 By:

The Vermont Department of Financial Regulation has issued a cease and desist order against cryptocurrency startup LevelNet for violations related to the Vermont Uniform Securities Act.

According to the order, LevelNet is conducting an initial coin offering (ICO) seeking to raise money from investors across the country in exchange for their newly created cryptocurrency.

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Monetary Authority Of Singapore Shuts Down Local ICO

ICO News, News, Regulation | May 25, 2018 By:

The Monetary Authority of Singapore (MAS), the country’s central bank, has shut down an unidentified initial coin offering (ICO) for allegedly offering unregistered securities.

In a release issued Thursday, MAS said it has directed an ICO issuer to stop offering digital tokens to Singapore-based investors after assessing that the issuer had contravened the country’s Securities and Futures Act (SFA),

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Financial Institutions To Use Bank Of Russia’s Regulatory Sandbox For ICO Pilot

Announcements, ICO News, News | May 25, 2018 By:

State-owned Russian bank Sberbank and the National Settlement Depository (NSD) of Russia are planning to run an initial coin offering (ICO) in the central bank of Russia’s regulatory platform.

Launched in April 2018, the Bank of Russia’s regulatory sandbox offers FinTech companies the chance to test new financial services and technologies without the risk of violating domestic law.

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