Another attempt to regulate ICO. According to news.bitcoin.com, The US Securities and Exchange Commission has issued the official announcement indicating that offers and sales of digital assets by ‘virtual’ organizations are subject to the requirements of the federal securities laws. Issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. All exchanges, including platforms for trading blockchain-based securities, must register. As also noted by the commission, federal securities laws apply to those who offer and sell securities in the United States, regardless whether the issuing entity is a traditional company or a decentralized autonomous organization.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!