Malaysian Financial Watchdogs Issue Statement On Crypto Regulations

ICO News, News, Regulation | December 8, 2018 By:

The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM), the country’s central bank, have issued a joint statement to provide clarity on the regulation of cryptocurrencies in the country.

The SC and the central bank said that regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection.

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South Korea Plans To Tax Cryptocurrencies And ICOs, Says Incoming Finance Minister

ICO News, News, Regulation | December 4, 2018 By:

Hong Nam-ki, South Korea’s incoming finance minister, said that the government is planning to tax cryptocurrencies and initial coin offerings (ICO).

In a written statement submitted to the National Assembly for his confirmation hearing, Hong said that the taxation plan would be finalized in accordance with the creation and progress of the taxation infrastructure and the trend on international discussions.

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ICOs Are Subject To Strict Regulatory Scrutiny – SEC Chairman Jay Clayton

News, Regulation | November 27, 2018 By:

Jay Clayton, chairmain of the US Securities and Exchange Commission (SEC), has reiterated that many initial coin offerings (ICO) can be categorized as securities.

In an interview with CNBC, Clayton said that while bitcoin remains a commodity, other ICO tokens classify as securities and companies that want to conduct one have to adhere to any relevant legal requirements that the SEC has outlined.

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ICO Scammer Pleads Guilty To Defrauding Investors

Crime, News | November 16, 2018 By:

Maksim Zaslavskiy, who is charged in the first fraud prosecution involving initial coin offerings (ICO), has pleaded guilty to defrauding investors.

Zaslavskiy was charged last year with promoting ICO tokens backed by investments in real estate and diamonds that didn’t actually exist. Zaslavskiy reportedly raised at least $300,000 in two ICO tokens –

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