Category: ICO
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Russians to Be Allowed ICO Investments up to $9,000 per Year
Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year. Also read: Lawyers to Help the…
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Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments. Also Read: BTI…
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Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional
A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Also read: Indian Supreme Court…
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Malaysian Financial Regulators to Intensify Scrutiny of ICOs, Cryptocurrencies
Malaysia’s securities regulator and central bank are to strengthen their scrutiny of initial coin offerings (ICOs) through new rules meant to eliminate issues of unfair trade practices and alleged risk of money laundering and terrorism financing. The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) said they will also tighten regulation in the trade…
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International Cooperation ‘Critical’ to SEC Action Against ICOs
Steven Peikin, co-director of the enforcement division of the U.S. Securities and Exchange Commission (SEC), recently described international cooperation as playing a critical role in facilitating investigations in the initial coin offering (ICO) sector. Also Read: Chinese Miners Short BTC Markets to Hedge Against Falling Prices ‘Daunting Task’ of Identifying Misconduct Speaking at Harvard Law School,…
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Singapore Financial Regulator Updates Guide to Digital Token Offerings
The Monetary Authority of Singapore (MAS) has published new guidelines pertaining to digital token offerings. The document provides additional clarity on the regulatory requirements for intermediaries that facilitate them, while highlighting the reporting obligations of entities offering capital markets products that are not classified as securities. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin…
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Korean Incoming Minister Confirms Cryptocurrency Taxation Plans
South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules. Also read: SEC Fails to Show Court Blockvest Tokens Are…
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Japan Unveils Plans to Regulate Initial Coin Offerings
Japan’s Financial Services Agency has held several meetings to discuss how to best regulate initial coin offerings. In addition to registration requirements, the regulator reportedly plans to amend two existing laws that can be applied to token sales. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Registrations and Law Changes The…