The U.S. Securities and Exchange Commission has finally given a blockchain company the O.K. to sell tokens directly to investors—sort of. The SEC on Wednesday approved blockchain startup Blockstack’s application to raise money via a token offering, the first time it has allowed this type of fundraising in the cryptocurrency industry, according to the Wall Street Journal. The SEC has sued and fined several companies for initial coin offerings (ICO) that the agency said violated securities law. The action “is a massive step towards the much-needed clarity for the US crypto space,” according to social trading platform eToro’s senior market analyst, Mati Greenspan. “This could be considered the first regulated…
The company behind The DAO project has been acquired by incubator and developer Blockchains.
Malta may call itself the “Blockchain Island” but it got some stiff competition on April 15 when French Finance Minister Bruno Le Maire proposed that its European Union partners “set up a single regulatory framework on crypto-assets inspired by the French experience."
The Securities and Exchange Commission charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), even after the company self-reported themselves to the commission. Companies that fund through an ICO must register the coins as securities, the SEC clarified on Wednesday. Gladius will have to offer speculators a refund.