ICO News

Chinese Police Shuts Down Office Of ICO Startup GXChain
Chinese Police Shuts Down Office Of ICO Startup GXChain
11 September 2019, 17:38

Authorities in China have reportedly emptied and sealed up offices belonging to GXChain, a 2017 ICO startup whose token once reached a market cap of over $600 million.

Under Probe $22 Million ICO, Vanbex Sells Intellectual Property
Under Probe $22 Million ICO, Vanbex Sells Intellectual Property
05 September 2019, 21:25
Vanbex Labs has sold two intellectual properties to Hyperion despite being under investigation from Canadian authorities.
ICO Rating Service Settles SEC Charges for $268,998
ICO Rating Service Settles SEC Charges for $268,998
21 August 2019, 17:36
Popular rating website, ICO rating settle charges with the U.S SEC for not disclosing payment it received to promote certain projects on its website.
Veritaseum ICO — SEC is Hurting Investors They Claim to Protect
Veritaseum ICO — SEC is Hurting Investors They Claim to Protect
20 August 2019, 17:32
Reggie Middleton, and his company, Veritaseum has issued a legal response to the SEC's securities and fraud law violation allegations.
Roel Wolfert Hails ‘Huge Potential’ In STOs
Roel Wolfert Hails ‘Huge Potential’ In STOs
14 August 2019, 18:18
Former VISA Executive Roel Wolfert said precisely in a recent interview that security token offerings (STOs) have 'huge potential.'
Orbs Sued By Former Partner Elad Arad
Orbs Sued By Former Partner Elad Arad
06 August 2019, 12:14
Israeli blockchain entrepreneur Elad Arad filed a lawsuit against Orbs co-founders Uriel and Daniel Peled.
Ripple Writes U.S Congress Over Crypto Regulatory Concerns
Ripple Writes U.S Congress Over Crypto Regulatory Concerns
29 July 2019, 08:27
Ripple CEO, Brad Garlinghouse and co-founder Chris Larsen wrote an open letter to U.S Congress on Sunday, July 29 over regulatory concerns facing crypto startups in the country.
CoinLaunch Fined $39,500 Over Non-Registration With OSC
CoinLaunch Fined $39,500 Over Non-Registration With OSC
29 July 2019, 05:48
The Ontario Securities Commission (OSC) settled charges with CoinLaunch, a company that helped crypto startups to execute token offerings.
Malta Releases Consultation Paper on STOs
Malta Releases Consultation Paper on STOs
22 July 2019, 17:26
An overview of Malta's recently released consultation paper on security token offerings (STOs).
FINRA Extends Deadline for Crypto Activity Reporting
FINRA Extends Deadline for Crypto Activity Reporting
22 July 2019, 14:55
FINRA members now have until July 31, 2020, to report activities related to digital assets.
France to Approve First ICOs and Crypto Firms Under New Rules
France to Approve First ICOs and Crypto Firms Under New Rules
16 July 2019, 15:14
The French Financial Markets Authority is set to license its first crypto firms and approve initial coin offerings (ICOs) seeking to raise funds from citizens.
SEC Officially Sues Kik for its $100 Million ICO in 2017
SEC Officially Sues Kik for its $100 Million ICO in 2017
04 June 2019, 19:11

The United States Securities and Exchanges Commission (SEC) has officially sued Canada-based messaging platform, Kik for its ICO in 2017 through which the company raised near $100 from token sales.

Australia Updates Guidance for ICOs and Crypto Firms
Australia Updates Guidance for ICOs and Crypto Firms
30 May 2019, 16:04

The Australian Securities and Investments Commission (ASIC) today announced the release of updated guidance for businesses involved in Initial Coin Offerings (ICOs) and cryptocurrencies.

Kik Raise $5+ Million to Take U.S SEC to Court
Kik Raise $5+ Million to Take U.S SEC to Court
28 May 2019, 12:39
Kik Interactive plans to take the U.S Securities and Exchanges Commission (SEC) to court over its $100 Million ICO raise in 2017.
Mayweather And Dj Khaled Dismissed From ICO Case
Mayweather And Dj Khaled Dismissed From ICO Case
17 May 2019, 22:08
Prominent boxer, Floyd Mayweather and Artist, Dj Khaled will not come under further sanctions after a Federal court ruled that the men did not engage in the sale of unregistered securities as alleged by the plaintiff
An Overview of Proposed Crypto Rules in the Bahamas
An Overview of Proposed Crypto Rules in the Bahamas
17 May 2019, 14:15
The Securities Commission of the Bahamas has released the “Digital Asset and Regulated Exchanges (DARE)” bill to provide regulatory cover for nearly every aspect of the cryptocurrency space including, initial coin offerings, exchanges, investors and virtually everyone participating in the industry.
Ted Livingston — U.S Regulation Slows Down Crypto Innovation
Ted Livingston — U.S Regulation Slows Down Crypto Innovation
17 May 2019, 07:32
Ted Livingston, Founder of the Kin messaging platform, blamed regulatory uncertainty as a principal reason why the U.S cryptocurrency industry has failed to reach its potential.
When Does an IEO Break U.S Securities Law?
When Does an IEO Break U.S Securities Law?
14 May 2019, 13:15
Before you sell your IEO tokens, know when you're breaking U.S Securities law. Top U.S SEC Official Valerie Szczepanik has confirmed when IEOs breach regulations.
UAE Token Sales Raised $210 Million in 120 Days
UAE Token Sales Raised $210 Million in 120 Days
29 April 2019, 10:26
Between January 1-April 29, stats show that token issuers in the UAE raised $210,516,051 more than 25% of the total revenue and nearly double what was raised in the United States and the United Kingdom ($108.4 million).
Malta and the U.S Issues Fresh Guidelines on Crypto Frauds
Malta and the U.S Issues Fresh Guidelines on Crypto Frauds
25 April 2019, 21:45
The increase in the number of people falling victim to the activity of crypto fraudsters has led Malta and the U.S to add their name to the list of countries that recently issued guidelines on how to discover suspicious investments in the emerging industry.
RBI Sidelines Crypto Startups as India’s Regulatory Rumble Continues
RBI Sidelines Crypto Startups as India’s Regulatory Rumble Continues
18 April 2019, 18:58

One month after the Supreme Court of India reportedly instructed the government to release regulations for the cryptocurrency industry, nothing has happened, and the industry has suffered yet another discrimination.

Cambridge Study Shows Unity and Disparity in Crypto Regulation Across Borders
Cambridge Study Shows Unity and Disparity in Crypto Regulation Across Borders
17 April 2019, 19:20
As per an April 2019 Cambridge study, different countries are adopting separate regulations for the cryptocurrency industry leading to some unity and disparity. Will such a situation adversely affect the growth of the young industry?
French Finance Minister Wants Unified Crypto Rules For EU States
French Finance Minister Wants Unified Crypto Rules For EU States
16 April 2019, 08:25
Instead of creating a separate regulatory framework for the cryptocurrency industry in their respective countries, the French Finance Minister, Bruno Le Maire is proposing a more unified framework for the European Union.
Regulators in Bermuda Approves ICO for Velocity Ledger
Regulators in Bermuda Approves ICO for Velocity Ledger
11 April 2019, 11:52
Velocity Ledger Holdings Limited (VLHC), a trading company based in Bermuda has received approval from the country's Ministry of Finance to conduct its ICO later this year.
U.S Lawmakers Resumes Quest To Exempt Crypto From Securities Law
U.S Lawmakers Resumes Quest To Exempt Crypto From Securities Law
09 April 2019, 22:58
On Tuesday, April 9, U.S Rep Warren Davidson reintroduced an updated version of the Token Taxonomy Act (TTA) which was first unveiled to the Congress just before its closure at the end of 2018.
Lithuania to Introduce New Rules for Crypto Businesses
Lithuania to Introduce New Rules for Crypto Businesses
08 April 2019, 18:18

The Republic of Lithuania will continue its recent effort to control the activities of crypto-related businesses by rolling out new regulations in the coming months.

Top Officials Agrees South Korea Should Review Crypto Rules
Top Officials Agrees South Korea Should Review Crypto Rules
05 April 2019, 11:34
South Korean Officials at Deconomy notes that the time is not right for the country to review its existing regulations for the cryptocurrency industry. What rules do you think they should enact?
A Review of France’s Crypto Rules Likely in April 2019
A Review of France’s Crypto Rules Likely in April 2019
25 March 2019, 21:34
In this article, we review the proposed regulations (Article 26 of the future PACTE law) for the French crypto industry and consider the impact it could have on the ecosystem.
Alex Saunders’ to Make Australia Regulate ICOs and Crypto
Alex Saunders’ to Make Australia Regulate ICOs and Crypto
21 March 2019, 22:46
“The [government] doesn’t understand it all. For them, BitConnect [a popular crypto scam] is the same as every other ICO.” Alex Saunders wants to change that opinion.
Thai SEC Backed ICO Portal Almost Ready
Thai SEC Backed ICO Portal Almost Ready
14 March 2019, 10:51
Would you invest in an ICO listed on a portal approved by a national securities regulator? The Thai SEC will soon make it possible.
Japan's Crypto Group Release Recommendations for ICO Regulation
Japan's Crypto Group Release Recommendations for ICO Regulation
08 March 2019, 21:48
No mainstream regulation? No problem. A self-regulatory crypto group in Japan release its own regulation for ICOs hoping relevant authorities will listen.
Massachusetts Regulators Appoint New Advisory Group on Crypto
Massachusetts Regulators Appoint New Advisory Group on Crypto
08 March 2019, 15:06
No more enforcement actions. We're here for peace is the new message by regulators in Massachusetts. Can the crypto industry trust them not to fail?
Israeli Committee Releases Advice for ICO Regulation
Israeli Committee Releases Advice for ICO Regulation
06 March 2019, 21:34
After two years, a committee set up by the Israel Securities Authority (ISA) has released recommendations for regulating ICOs in the country.
Steven Maijoor Backs Crypto Regulation in Europe
Steven Maijoor Backs Crypto Regulation in Europe
28 February 2019, 08:28
Will it happen soon? Steven Maijoor, Chairman of the European Securities and Markets Authority (ESMA) has backed the release of further laws to guide the use of cryptocurrencies in the continent.
Bahrain Shows It Wants Crypto Companies
Bahrain Shows It Wants Crypto Companies
21 February 2019, 10:16
The Central Bank of Bahrain wants crypto companies to set up within its territory and have created a sandbox for this purpose.
Lithuania Release Updated Crypto and ICO Regulation
Lithuania Release Updated Crypto and ICO Regulation
21 February 2019, 08:53
The Central Bank of Lithuania has updated its position on cryptocurrencies and initial coin offerings (ICO) to reflect the current market realities. Crypto investment funds are now allowed to exist in Lithuania.
SEC Settle Charges With Gladius Network ICO After Self-Report
SEC Settle Charges With Gladius Network ICO After Self-Report
20 February 2019, 21:12
Crypto Startup, Gladius Network reported itself to the SEC as an offender for selling unregistered securities and got a huge discount from the regulators.
Will Binance Join the Security Token and Futures Market?
Will Binance Join the Security Token and Futures Market?
19 February 2019, 15:30
Will Binance offer security tokens and cryptocurrency futures contracts? CEO Changpeng Zhao answers.
U.S FBI Shows How To Identify Fraudulent ICOs
U.S FBI Shows How To Identify Fraudulent ICOs
19 February 2019, 13:58
Based on its two-year experience in monitoring ICO schemes, the United States FBI just disclosed how to identify fraudulent projects easily.
Court Reverses Decision Involving SEC and Blockvest
Court Reverses Decision Involving SEC and Blockvest
14 February 2019, 22:40
The ongoing case between crypto startup, Blockvest LLC and the U.S SEC has taken a new turn according to a notice released today by the securities watchdog when court ordered Preliminary Injunction.
Crypto-Friendly SEC Official — ‘Security’ Clarification Is Near
Crypto-Friendly SEC Official — ‘Security’ Clarification Is Near
11 February 2019, 16:26
SEC Commissioner, Hester Peirce has revealed what the SEC will likely do next in its war against ICO tokens.
Moshe Hogeg's Party Denies Fraud Allegations
Moshe Hogeg's Party Denies Fraud Allegations
11 February 2019, 13:33
Lawyers representing Moshe Hogeg issued a denial response to the $4.6 million fraud lawsuit against the Israeli crypto investor.
Moshe Hogeg Sued For $4.6 Million Fraud
Moshe Hogeg Sued For $4.6 Million Fraud
25 January 2019, 18:11
Stox Founder Moshe Hegeg is currently facing a $4.6 million lawsuit filed by a Chinese investor, Zhewen Hu at a Tel Aviv District Court on Jan 24.
Russian Parliament Set To Discuss Crypto Bill Within Next 2 Months
15 January 2019, 21:23
Chairman of the State Duma Committee on Financial Market Anatoly Aksasov disclosed that the proposed crypto draft bill will be discussed by the lower chamber of the Russian Parliament sometime in February and will include laws about crowdfunding and investment in the industry.
The US Congressmen Propose “Token Taxonomy Act” To Rescue ICOs From SEC's ‘Security’ Definition
21 December 2018, 08:54
The US Reps Warren Davidson and Darren Soto have followed up on their promise to provide a clear regulatory framework for the country's crypto industry, by releasing a new bill to the House
Some ICOs Can Legally Defy SEC Laws — SEC
Some ICOs Can Legally Defy SEC Laws — SEC
17 December 2018, 23:08
Despite the ongoing regulatory clampdown against ICOs for failing to comply with securities law, SEC's senior advisor for digital assets, Valerie A. Szczepanik has confirmed that there are certain situations where tokens could be free from their oversight.
France Could Become ‘Blockchain Nation’ With $569m Proposed Budget
13 December 2018, 06:39
French MPs Jean-Michel Mis and Laure de La Raudière had written a report requesting that the French Government release €500,000,000 ($569m) for the development of state-level blockchain infrastructure within the next three years.
SEC Chairman Calls ICO An Effective Fundraising Model
SEC Chairman Calls ICO An Effective Fundraising Model
11 December 2018, 21:45
Jay Clayton made the declaration while speaking to the audience at the SEC Progress Review event for 2018. He admitted, “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital.”
Warren Davidson Promise Crypto And ICO Regulation For The US
09 December 2018, 18:08
U.S Congressman Warren Davidson has raised hopes of crypto regulations coming to the US after making a promise to introduce a bill that makes cryptocurrencies an “asset class”
G20 To Align Crypto Regulations With FATF
G20 To Align Crypto Regulations With FATF
03 December 2018, 16:25
At a just-concluded G20 Summit held in Buenos Aires, Argentina, the body announced as part of its written declaration that they “will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”.
Thailand Regulators Not Sure How To Classify STOs
Thailand Regulators Not Sure How To Classify STOs
02 December 2018, 17:05
The Thai Securities and Exchanges Commission (SEC) has successfully come up with a regulatory framework for ICOs, but according to the agency's deputy secretary, some uncertainty still exist on how to group security token offerings (STOs).
Belarus Approves Full Regulatory Framework For Cryptocurrencies
Belarus Approves Full Regulatory Framework For Cryptocurrencies
02 December 2018, 12:12
The European nation has become the latest to roll out regulation for the crypto industry following signed documents released by a special unit in the country know as Belarus High-Technologies Park (HTP)
Malaysia To Introduce Crypto Regulation By Q1 2019
Malaysia To Introduce Crypto Regulation By Q1 2019
01 December 2018, 17:15
Malaysian Finance Minister Lim Guan Eng confirmed that the Securities Commission is working towards finalizing the regulatory framework which is started developing in early 2018. The regulation is expected until the first quarter of 2019.
Blockvest Claims Preliminary Victory Over SEC Claims
Blockvest Claims Preliminary Victory Over SEC Claims
30 November 2018, 22:32
The U.S Securities Exchanges Commission (SEC) has met its first federal opposition in the recent crackdown against ICO projects. According to law.com, a San Diego District Judge, Gonzalo Curiel denied a request for a preliminary injunction by the SEC against the issuers of Blockvest ICO tokens.
CFTC will subject smart contracts to Commodity Exchange Act CEA and AML
CFTC will subject smart contracts to Commodity Exchange Act CEA and AML
30 November 2018, 05:21
The research arm of the U.S Commodity Futures Trading Commission (CFTC) known as LabCFTC has published a new guide about smart contracts. CFTC will subject smart contracts to laws such as the Commodity Exchange Act (CEA) and anti-money laundering (AML) rules
SEC Chairman: Almost All ICOs Are Non-compliant
SEC Chairman: Almost All ICOs Are Non-compliant
28 November 2018, 15:33

The recent clampdown on ICOs is not expected to end soon after the U.S SEC Chairman; Jay Clayton told CNBC reporters that the regulators’ definition of Initial Coin Offerings ICOs) remain the same and projects who fail to meet up to their requirements will still be considered “non-compliant.”

French Tobacco Stores Selling Of BTC Not Endorsed By Central Bank
French Tobacco Stores Selling Of BTC Not Endorsed By Central Bank
24 November 2018, 11:25
From Jan 1 of 2019, around 4000 French Tobacco stores will get a license to start selling Bitcoin Vouchers issued by KerplerK. French central bank issued a notice that the project was not approved by them but by the ACPR
Colorado Division of Securities Shuts Down 4 ICOs
Colorado Division of Securities Shuts Down 4 ICOs
23 November 2018, 21:48
Colorado Division of Securities Shuts Down 4 ICOs and crypto projects: Credits LLC, Crowdshare Mining, Global Pay Net and CyberSmart Coin Invest
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
Fraudulent ICO with ties to Russia Hit With Cease-and-Desist Order in North Dakota
22 November 2018, 18:50
North Dakota securities regulators have haunted down the Union Bank Payment Coin (UBPC) impersonating a Union Bank AG, a commercial bank based in Liechtenstein
France Will Introduce Regulations to Make ICOs Pay Taxes
France Will Introduce Regulations to Make ICOs Pay Taxes
20 November 2018, 19:17
France is going to introduce taxes for ICOs. French regulators will screen team behind an ICO and ensure that the startup can pay back investors if their project fails
Founder of U.S First ICO Fraud Case Pleads Guilty
Founder of U.S First ICO Fraud Case Pleads Guilty
19 November 2018, 19:29

Maksim Zaslavskiy, the mastermind behind the first case of fraudulent ICO in the U.S has told a court in the Eastern District of New York (Brooklyn), that he is guilty of the offense.

SEC Annual Report Sets Standard For ICOs
SEC Annual Report Sets Standard For ICOs
15 November 2018, 15:40

The US Securities and Exchanges Commission (SEC) has released its annual report for the fiscal year 2018, and unsurprisingly a more significant portion of the release focused on ICOs.