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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North Dakota Securities Watchdog Issues Cease And Desist Orders Against Three ICOs

ICO News, News, Regulation | October 15, 2018 By:

Karen Tyler, North Dakota Securities Commissioner, has issued cease and desist orders against three initial coin offerings (ICO) for allegedly operating illegally in the state.

The commissioner’s orders were issued after the Department’s ICO Task Force conducted an investigation to identify ICOs and cryptocurrency related investments that pose risks to North Dakota investors.

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UAE To Allow ICOs To Boost Capital Markets

ICO News, News | October 9, 2018 By:

The United Arab Emirates (UAE) is planning to create rules that would allow domestic companies to raise money through initial coin offerings (ICO).

Speaking at a seminar, Obaid Saif Al-Zaabi, head of the Emirates Securities & Commodities Authority (ESCA), revealed that the board of ESCA has approved considering ICOs as securities and will be releasing regulations on the ground in the first half of 2019.

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