Sentences with phrase «token issuer»

And high - profile token issuer, Protocol Labs Founder Juan Benet, whose company raised $ 257 million from its Filecoin token sale, told CoinDesk, «As a policy, we do not comment on legal questions that we have not explicitly decided to comment on beforehand.

Major cryptocurrency exchange Bitfinex and token issuer Tether have received subpoenas from US regulators as questions continue to arise about the latter's «true» value.

For example, the platform allows token issuer's counsel to assess the language and approach to verification of terms and conditions.

On Jan. 30, 2018 Cointelegraph reported that Bitfinex exchange and its sister company, the token issuer Tether, have received subpoenas from U.S. Commodity Futures Trading Commission (CFTC) for undisclosed reasons.

The launch of coincides with token issuer ICO Rocket's own coin: the ICO Rocket Due Diligence Coin (/ ROCKET) and investors who purchase / ROCKET in the pre-sale or ICO (initial coin offering) are promised airdropped tokens from a new ICO Rocket - managed ICO each month, the company states.

Joshua Klayman: While it is difficult to pinpoint exactly what is fueling the explosive growth of token sales, from the point of view of a founder of a token issuer, a token sale may be a very attractive form of capital raising, because it may permit founders to raise funds without having to dilute their equity ownership in the issuer or cede control of the issuer to the token purchasers.

The QRYPTOS platform manages the token sale process on behalf of a token issuer.

Additionally, retail investors are keen on participating in ICOs, and open - source projects can benefit from the fundraising method too.Similarly, investors can benefit from the high liquidity of the tokens (sold during ICOs), in addition to being able to sell them through cryptocurrency exchanges or over-the-counter (OTC) transactions, which would allow the investors to transfer the tokens easily without the authorization of the token issuer (the organization launching the ICO).

Served as token issuer's counsel in multiple ICO (Initial Coin Offering) transactions structured both onshore and offshore.

Beyond U.S. laws altogether, the token issuer may be subject to the regulations of many, if not all, of the countries where its token holders reside.

«We appear to be seeing a coalescing of opinion by international regulators on the securities implications for certain digital token issuers and the intermediaries for token offerings.

Since The DAO ruling, token issuers have been especially careful not to violate SEC rules, with many taking decisive steps to ensure their cryptocurrency does not meet the criteria of a security.

Each day, more and more token issuers are experiencing cyber-attacks, hacks, and impersonators which have led to multimillion dollars» worth of theft.

Crypto only exchange opening up to all token issuers as a self - service platform for both ICO and Secondary Exchange.

Although token issuers do not want their projects labelled as securities, this designation wouldn't be the end of the world — it would simply mean the digital asset must follow existing rules and regulations.

The SEC's approach to ICOs has spooked token issuers from making their project available on U.S. soil.

Note that token issuers may fulfill the definition of an «administrator,» given that they issue a virtual currency, and may have the authority to withdraw their virtual currency from circulation.

Token issuers also have to consider securities regulation beyond the SEC.

She urged the token issuers to have built - in protection mechanisms for investors and full and fair disclosure.

Token issuers who make misleading statements may be liable for breach of contract, false advertising, and fraudulent or negligent inducement, to name just a few claims.

However, blockchain startups and token issuers are now working toward not creating their coins as a security, by introducing or cutting out a few technical aspects of the concerned token.

For token issuers, a lot of the legwork is taken care of by integrating with pre-designed infrastructures.

Some high - profile token issuers are feeling the effects of a vulnerability in an ethereum wallet software revealed this week.

This supports a major need of the token issuers as well as the banks that want to provide bank account facilities to them.

Token issuers can avoid those disclosures if they limit the sale to institutions and millionaires, but investors in such private sales aren't immediately allowed to sell the investments.

That would mean token issuers would have to register their sale with the SEC, providing investors with an extensive set of financial disclosures.

In fact, many see the Munchee administrative order, which determined the issuer had sold unregistered securities (even though the token was to be used for utility on a platform in the future), as an example of how the SEC would view token issuers.

If enough users disapprove of the blockchain startup or project, the token issuers could end up killing their project prematurely.

The SAFT framework, despite its limitations, is a reasonable path forward for token issuers given the ambiguity of current laws, writes Jerry Brito.

One of the main reasons the ITA's circular might be appealing to token issuers is that it describes deferrals on when ICO income would become taxable, plus it mentions the potential for crypto companies to earn special tax treatment.

Token issuers will be ranked by the community in terms of reliability over time.

«We clearly see stronger support for Bitcoin as the original and decentralized coin, but at the same time, Bitcoin Cash has suddenly arrived in terms of adoption levels to the size of Ethereum, to the point where we have decided to add Bitcoin Cash as an investment option on our token sale and we expect other token issuers to follow suit.»

Ultimately, the MAS recommended that prospective token issuers seek out legal advice, as well as consult with the institution itself.

To date, much of the enforcement actions taken against token issuers has targeted clear cases of fraud.

While most token issuers have sought to skirt securities regulations by categorizing their tokens as «utility tokens,» SEC Chairman Jay Clayton has repeatedly said that the majority of ICOs he has observed constitute securities offerings.

Van Schreven's comment speaks to a broader trend in the cryptocurrency space of token issuers raising the money they need in private initial coin offerings (ICOs) and then skipping the public sale for what's being called an airdrop.

Tokens issuers have been the subject of increased scrutiny by the US Securities and Exchange Commission (SEC) since Jay Clayton, chairman of the SEC, announced further investigation of ICO projects during the SEC and CFTC hearings on Feb. 6.

Straightforward token operations, a clean UX and a built - in decentralised exchange (DEX) have attracted token issuers into their growing ranks.

The ultimate goal of the LIQUID platform is to provide liquidity services to both developed and emerging markets, where token issuers, token holders, innovators, and users of next - generation financial services all benefit and contribute to a shared liquidity pool.

Russell Bruemmer is taking it upon himself to help token issuers construct compliant initial coin offerings (ICOs).

The guidelines show FINMA is looking to clarify how token issuers should proceed in the country, as the regulator notes a sharp increase in the number of Switzerland - based ICOs also led to an increase in the number of inquiries about applicable regulations.

Clayton also sent a warning to ICO projects and token issuers in the market, stating that the SEC intends to impose stricter restrictions on the ICO ecosystem:

The SEC has warned token issuers that classifying a cryptocurrency as a «utility» token is not enough to circumvent federal securities laws.

Not exact matches

It is also not charging these issuers per - token fees, which could create a huge incentive for the issuers to adopt the platform.

It's unclear as of now if MDES will charge private - label issuers per - token fees.

«We have the opportunity here to start from scratch with issuers that are prepared to basically bypass the traditional paper - stock - certificate system and move to these equity securities tokens,» he said in an interview.

The token is then used to retrieve the card number so that it can be sent to the issuers for approval.

For example, the issuer might want to make token holders entitled to corporate dividends and voting rights, or make the company's total ownership stock denominated in tokens.

Unlike traditional API keys, though, tokens can be transferred to other parties without the consent of the API key issuer.

In 2017, ASIC revised its guidance to ICO issuers, bringing token offerings recognized as «managed investment schemes,» «non-cash payment facilities,» or derivatives offerings under the auspice of the Corporations Act of 2001.