US clamps down on red-hot digital coin offerings
The SEC says firms that raise money through the sale of these assets must now adhere to federal securities laws
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Los Angeles
REGULATORS in the US said they have jurisdiction over one of the hottest new areas of finance: initial coin offerings (ICOs) of digital currencies.
Companies that raise money through the sale of digital assets must adhere to federal securities laws, the Securities and Exchange Commission (SEC) said on Tuesday. Issuers must register the deals with the government unless they have a valid excuse, as should exchanges that offer trading of cryptocurrencies such as bitcoin and ether, the regulator said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
