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Initial coin offerings continue unabated

Securities and Exchange Commission's warning fails to hold back startups which raise money by selling their virtual currencies.

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Filecoin founder Juan Benet. The startup has worked with law firm Cooley to structure its offering. Many coin offerings have hired lawyers to try to play by the rules. Others prohibit Americans from investing.

San Francisco

THE cautionary words of US regulators have done little to chill a red-hot market for new virtual currencies sold by startups.

The Securities and Exchange Commission issued its first warning late last month for the many entrepreneurs who have been raising money by

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