Envion AG Liquidated, FINMA to Continue Fighting Illegal ICOs

FINMA, Switzerland’s Financial Market Supervisory Authority, has found Envion AG guilty of receiving commercial public deposits from a minimum of 37,000 investors in the context of an initial coin offering (ICO).  Envion AG is currently being liquidated. FINMA’s enforcement proceedings against the company began in July 2018 and have concluded this month. Its investigation discovered […]


SEC Tells ICOs: You’re Forgiven If You Cooperate and Pay the Fine

The SEC is apparently going easy on ICOs who are cooperating, paying a fine, and returning the raised money to investors.  A Litany of Settlements The US Securities and Exchange Commission (SEC) is reaching settlements with cryptocurrency Initial Coin Offering (ICO) projects that accept the Commission’s ruling on violating securities regulations. Fortune reports that the […]

Crypto News

Thailand Bans Bitcoin Cash, Ethereum Classic, Litecoin from Trading Pairs & ICOs

Thailand’s Securities and Exchange Commission banned bitcoin cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) from eligibility for initial coin offerings, investments, and base trading pairs against other cryptocurrencies traded on digital asset exchanges. Bitcoin, Stellar, Ripple, Ethereum Approved In a February 28 notice, the Thai SEC — which is the country’s capital markets authority […]


Thailand Bans ICOs From Using Bitcoin Cash, Litecoin and Ethereum Classic

Thailand’s Security and Exchange Commission (SEC) has banned Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) for use by Initial Coin Offerings (ICOs) in fundraising and as base pair on cryptocurrency exchange platforms. Bitcoin Cash, Litecoin, and Ethereum Classic Blacklisted Contrary to reports making the rounds on the cryptocurrency news circuit, regulators in Thailand […]


ICOs Raked in $13 Billion Despite 90% ETH Price Drop, New Research Finds

ICOs made almost $ 13 billion in profits from their token sales despite the 2018 cryptocurrency bear market, new research from BitMEX reveals. BitMEX: ICO Issuers ‘Gave Themselves $ 24 Billion’ Published January 16, the third instalment of the trading platform’s dedicated series on ICO statistics also suggests ICO teams “gave to themselves” tokens worth […]

Crypto News

Congress’s Biggest Bitcoin Bull is Finalizing Bill to Exempt ICOs from Securities Laws

Advertisement Republican Congressman Warren Davidson, an avowed bitcoin adn blockchain fan, plans to introduce federal legislation that will regulate initial coin offerings (ICO) and cryptocurrencies. The bill would create an “asset class” for tokens, which would prevent them from “being classified as securities, but would also allow the federal government to regulate initial coin offerings […]

Crypto News

International Cooperation ‘Critical’ to Bringing Illegal ICOs to Justice: SEC

Advertisement International cooperation is essential for eradicating ICO fraud, said Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division. Peikin made the remarks during a December 3 speech at Harvard Law School’s Program on International Financial Systems, where he discussed the astonishing growth of the ICO market. “The sponsors of ICOs are, in many instances, […]


South Korea Reveals Plan to Tax ICOs and Cryptocurrencies

The Finance Ministry of the South Korean government announced a plan to tax initial coin offerings and digital currencies in accordance with the creation of the taxation infrastructure and international trends. South Korea Closer to Legalize and Tax Crypto Fundraisers as New Government Takes Over Hong Nam-ki, Minister of Economy and Finance and Deputy Prime […]