South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban …

What is a Security Token Offering (STO) and Why You Need Help

About the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one of the first bitcoin exchanges in the US, and Cavirtex, a leading exchange in Canada. Both companies were acquired by Kraken in 2016. He runs a YouTube channel …

SEC Director Vows ‘More Substantial’ Enforcement Against Illegal ICOs

U.S. Securities and Exchange Commission (SEC) co-director of enforcement Stephanie Avakian mentioned in a Sept. 20 speech that the regulatory agency is most likely going to recommend “more substantial remedies” against those who fail to follow proper initial coin offering (ICO) registration requirements in the future According to a transcript of the speech posted on …

Decentralized Crypto Exchange Wants to Tokenize NY Real Estate Market

Decentralized cryptocurrency trading platform AirSwap has announced a new partnership designed to aid in the tokenization of one of the Western Hemisphere’s most expensive real estate markets. That partnership, inked with FINRA-registered broker-dealer Propellr, will see the two firms use AirSwap’s peer-to-peer trading protocol to create a platform that allows brokers and their clients to …

$257 Million Cryptocurrency Filecoin Prepares for Impending Launch

Filecoin, a decentralized storage network that turns cloud storage into an algorithmic market monetized through cryptocurrency, has announced that it will go public within the coming months. Filecoin prepares for liftoff This announcement is contained in a blog post by the company, in which it stated that, having passed the critical period when it needed …

U.S. Rep. to Host ICO Summit to Discuss ‘Light-Touch’ Crypto Regulation

A U.S. Congressman has invited 32 cryptocurrency industry organizations to Capitol Hill to discuss initial coin offering (ICO) regulation. Axios reports that the summit, sponsored by Rep. Warren Davidson (R-OH), will take place on Sept. 25 and feature participation from a variety of businesses and non-profits, including Intercontinental Exchange (ICE), Nasdaq, CME Group, Andreessen Horowitz, …

Wikipedia Founder Jimmy Wales has ‘Zero Interest’ in an ICO

The founder of Wikipedia, Jimmy Wales, has ruled out the possibility of the free online encyclopedia getting involved with cryptocurrency. Asked whether Wikipedia had any cryptocurrency or ICO ambitions during an interview with Business Insider Wales said the platform had ‘zero interest’. “We are absolutely never going to do that. Zero interest,” Wales said. The …

Fmr. Trump Advisor Steve Bannon is Building a Utility Token Cryptocurrency

Former Trump advisor Steve Bannon may no longer have an office down the hall from the U.S. president, but he still thinks he can have a profound impact on the world — using cryptocurrency. Bannon, who served as White House Chief Strategist during the first year of Donald Trump’s presidential administration, provided a glimpse into …

Swiss Stock Exchange Operator is Launching a Crypto Assets Exchange

SIX, the owner and operator of Switzerland’s principal stock exchange has announced plans to launch the SIX Digital Exchange – a crypto assets exchange fully regulated by the country’s financial regulator and central bank. In an announcement on Friday, Swiss Exchange operator SIX revealed its new crypto-initiative which it claims ‘will be the first market …