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ASIC: Being an ICO doesn’t magically make you above the law

[ad_1] .youtube-videos https://finder-sandbox.herokuapp.com/youtube-videos/scripts/app.bundle.js Digital belongings are not a get-out-of-compliance unfastened card. The Australian Securities and Investments Commission has halted 5 ICOs since April, pronouncing they have been placed on dangle and in some instances can be restructuring to conform to Australian law, and in a single case can be topic …

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As Ethereum prices dropped, ICOs started selling their stashes faster

[ad_1] It may had been a pricey lesson. In doing so, the worth of their final holdings dropped. A study by TrustNodes has traced indicators of capitulation in Ethereum ICOs, with sell-offs accelerating as prices stay shedding. In August, ICOs have been selling a mean of one,000 to five,000 in …

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We are moving to crypto legitimacy in major markets

[ad_1] Moves by way of senior pros, bills platforms and regulators level to long-term legitimacy for cryptocurrencies. Over fresh weeks, there were quite a few major strikes that let us know cryptocurrencies are moving out of the fringes of the monetary global and into the mainstream. Executive strikes Last week, …

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Operation Cryptosweep: World’s largest ICO, crypto securities sweep announced

[ad_1] After many warnings of a crackdown, Operation Cryptosweep is placing the clamps on shady ICOs. On 21 May 2018, the North American Securities Administrators Association (NASAA) announced Operation Cryptosweep, one of the most largest coordinated collection of enforcement movements through state and provincial securities regulators within the United States …

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South Korean lawmakers confirm plan to re-legalise cryptocurrency ICOs

[ad_1] The timeline is imprecise, however implementation may see a surge of hobby in ICO platforms like Ethereum. South Korea is making plans to transfer to re-legalise ICOs, Korea Times reports, reversing the cushy ban that in the past landed for citizens of the rustic. The laborious main points launched …

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ASIC announces action on misleading or deceptive conduct in ICOs

[ad_1] ASIC has already taken action towards suspicious ICOs. ASIC chairman John Price recently warned that Australian consumer law would apply to ICOs, even if they were extended from overseas. On 1 May ASIC announced that this could get started taking the type of a crackdown on deceptive or misleading …

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10% of all ICO funds end up stolen: EY

[ad_1] Congestion, criminal activity and confusion imply preliminary coin choices stay high-risk. Typically 10% of the funds raised all through initial coin offerings (ICOs) end up being stolen, posing a danger to the long-term viability of this technique for launching new cryptocurrencies, in step with analysis from EY. The study …

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