Sentences with phrase «illegal sale tokens»

In essence, it is a kind of non-approved illegal open fund raising behavior, suspected of illegal sale tokens, illegal securities issuance and illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»

In a statement, the Chinese central bank said that ICOs are «essentially a non-approved illegal open financing behavior, suspected of illegal sale Tokens, illegal securities issuance and illegal fund - raising, financial fraud, pyramid schemes and other criminal activities.»

Not exact matches

The SEC has said ICOs — in which companies sell digital tokens in order to raise startup capital — could constitute an illegal sale of securities.

Token sales are «illegal and disruptive to economic and financial stability» — People's Bank of China, Sept. 4, 2017

Bitcoin tumbled probably the most since July after China's central financial institution mentioned preliminary coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge to this point to the burgeoning marketplace for digital token sales.

Using bitcoin as a point of sale transaction token in Bali is illegal, as per regulatory action taken by policymakers in the region back in December 2017.

Financing through coin offerings refer to financing bodies raising virtual currencies such as Bitcoin or Ethereum from investors through illegal sales and circulation of crypto currency or tokens.

SEC officials have said previously that they are looking into the space for illegal activity, with a particular focus on token sales.

«The ICO for the Tezos tokens was an illegal offer and sale of securities for which no registration statement was filed or then in effect, and as to which no exemption from registration was available.

Last weekend, seven Chinese financial regulators, including the People's Bank of China, have published a joint decree, criticizing crypto token sales as «an unauthorized and illegal public distribution of financial tokens, the illegal issuance of securities and illegal fundraising, financial

Venezuela's opposition - run congress has claimed the Petro token sale is an «illegal and unconstitutional» instrument to mortgage its oil reserves.