FINMA publishes ‘stable coin’ guidelines The Swiss Financial Market Supervisory Authority FINMA today publishes a supplement to its ICO guidelines outlining how it treats so-called ‘stable coins’ under Swiss supervisory law. FINMA has seen a steady increase in the number of ‘stable coin’ projects since 2018. In this context, FINMA […]
FINMA ascertains illegal activity by envion AG The Swiss Financial Market Supervisory Authority FINMA has found that envion AG (now in liquidation) unlawfully received public deposits on a commercial basis from at least 37,000 investors. The company is currently being liquidated by the Zug bankruptcy authority. In March 2019, FINMA […]
News 26 July 2018 Press release FINMA launches proceedings against ICO issuer The Swiss Financial Market Supervisory Authority FINMA has launched enforcement proceedings against envion AG. FINMA has evidence that the company may have breached financial market law in relation to an ICO. FINMA launched enforcement proceedings against envion AG […]
SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme Charges “Blockchain Evangelist” Behind Alleged Scam FOR IMMEDIATE RELEASE2018-94 Washington D.C., May 29, 2018 — The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as […]
MAS warns Digital Token Exchanges and ICO Issuer Singapore, 24 May 2018… The Monetary Authority of Singapore (MAS) has warned eight digital token exchanges in Singapore not to facilitate trading in digital tokens that are securities or futures contracts without MAS’ authorisation. It also warned an Initial Coin Offering […]
Latest update 最新訊息 SFC’s regulatory action halts ICO to Hong Kong public 19 Mar 2018 ICO issuer Black Cell Technology Limited (Black Cell) has halted its initial coin offering (ICO) to the Hong Kong public and agreed to unwind ICO transactions for Hong Kong investors by returning them the […]
Saw this today – it’s more AML-focused than sanctions-focused, but it comes from a 15-minute interview I did last week for them. Yes, they misquoted me (it should be obvious) slightly, but we’ve asked that it gets fixed. Clearly, “countries” regulate, not “companies”… BTW, Compliance Week has a paywall – you […]
OSFI’s revised Transaction Instructions sure seemed aimed at covering Initial Coin Offerings (ICO) and Initial Token Offerings (ITO) as securities… Issuance of Shares or Membership Shares in Consideration of Property Document Properties Publication Type: Transaction Instructions Revised: October 2017 Index DA No: 1 Category: Deemed Approval Legislative Authorities Sections 65, 79.1 and 709 of […]
The Hong Kong Securities and Futures Commission (HK SFC) issued the following notice regarding Initial Coin Offerings (ICO) – there’s been a wave of regulatory responses within the last month or so to these alternatives to IPOs: Latest update 最新訊息 SFC issues statement on initial coin offerings 5 Sep 2017 […]
Mr. Watchlist 