PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’

Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same rhetoric used with regard to initial coin offerings (ICOs) in describing STOs, accusing security token offerings of comprising “illegal financial activity.” Also Read: Federal Agents Told This […]

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Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

Korean Court Case Alleges Government's ICO Ban Is UnconstitutionalA constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Also read: Indian Supreme Court […]

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Malaysian Financial Regulators to Intensify Scrutiny of ICOs, Cryptocurrencies

Malaysia Financial Regulators to Intensify Scrutiny of ICOs, CryptocurrenciesMalaysia’s securities regulator and central bank are to strengthen their scrutiny of initial coin offerings (ICOs) through new rules meant to eliminate issues of unfair trade practices and alleged risk of money laundering and terrorism financing. The Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) said they will also tighten regulation in the trade […]

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International Cooperation ‘Critical’ to SEC Action Against ICOs

International Cooperation "Critical" to SEC Action Against ICOsSteven Peikin, co-director of the enforcement division of the U.S. Securities and Exchange Commission (SEC), recently described international cooperation as playing a critical role in facilitating investigations in the initial coin offering (ICO) sector. Also Read: Chinese Miners Short BTC Markets to Hedge Against Falling Prices  ‘Daunting Task’ of Identifying Misconduct Speaking at Harvard Law School, […]

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Singapore Financial Regulator Updates Guide to Digital Token Offerings

Singapore Financial Regulator Updates Guide to Digital Token OfferingsThe Monetary Authority of Singapore (MAS) has published new guidelines pertaining to digital token offerings. The document provides additional clarity on the regulatory requirements for intermediaries that facilitate them, while highlighting the reporting obligations of entities offering capital markets products that are not classified as securities. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin […]

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