Search Results for: initial coin offering
Company to pay millions in penalty for unregistered initial coin offering
October 8th, 2019
The Securities and Exchange Commission announced settled charges against blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year. The company agreed ...
Issuer charged with Conducting $100 Million Unregistered Initial Coin Offering
June 12th, 2019
The Securities and Exchange Commission (SEC) sued Kik Interactive Inc. for conducting an illegal $100 million securities offering of digital tokens. The SEC charges that Kik sold the tokens to U.S. investors without registering their offer and sale as required ...
Executives to pay Millions to settle initial coin offering scam charges
December 13th, 2018
Two former executives behind an allegedly fraudulent initial coin offering (ICO) that was stopped by the Securities and Exchange Commission (SEC) earlier this year have been ordered in federal court to pay nearly $2.7 million and prohibited from serving ...
Singapore Financial Regulator releases updated guide for Initial Coin Offerings
December 5th, 2018
The Monetary Authority of Singapore (MAS), the city state’s central bank and financial regulator, has released an update to its guide for businesses looking to raise money through initial coin offerings (ICOs). The paper, titled A Guide to Digital ...
Two Initial Coin Offering issuers settle registration charges
November 20th, 2018
The Securities and Exchange Commission (SEC) announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies ...
Beware of fraudulent initial coin offering
October 12th, 2018
The Securities and Exchange Commission (SEC) announced that it has obtained an emergency court order halting a planned initial coin offering (ICO), which backers falsely claimed was approved by the SEC. The order also halts ongoing pre-ICO sales by ...
Initial Coin Offerings: A total of $13.7 billion USD raised the first five months of 2018; Report
July 5th, 2018
The Crypto Valley Association has teamed up again with Strategy&, the strategy and consulting division of CVA member PwC, to launch the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market. The report, ...
What SEC’s official said about Bitcoin, ether and initial coin offerings
June 15th, 2018
The SEC’s point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and ...
Emergency Order halting fraudulent Initial Coin Offering scheme that raised $21 million
May 30th, 2018
The Securities and Exchange Commission announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also ...
Supervisory Authority Halts A Fast-Moving Initial Coin Offering Fraud That Raised Up To $15 million
December 5th, 2017
The Securities and Exchange Commission (SEC) announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold ...
