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