Sentences with phrase «token issuers»

This management attempts to streamline the token sale process for token issuers, enhance security measures and provide a safe participation process for the crypto community.

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

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

In his mind, token issuers need to be far more open with those schedules, since the rate at which tokens are launched could have significant impacts on other buyers.

A legal link has been established by the decree in between token issuers and the obligations they have towards its holders.

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.

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.

A platform where token issuers, token holders, innovators, and users of next generation financial services all benefit and contribute to Liquidity.

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

The U.S. Securities and Exchange Commission (SEC) has placed renewed emphasis on ICOs, warning token issuers against mislabeling their securities.

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.

Given that many token issuers are raising funds from the general public for business ventures in which passive investors contribute capital to help materialize a risky product, the risk capital test may be applicable in many circumstances.

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

Alongside speculative trading, the demand by token issuers and holders to hedge these exposures will quickly develop.

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

«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.

While initial coin offerings (ICOs) are growing in popularity amongst the startup community, challenges remain for token issuers notably in

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

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.

Second, the Rule 502 (d) prohibition on re-sale without registration is likely the reason why token issuers see a need for the SAFT instead of just using the accredited investor exemption to sell the tokens directly to the VCs / investors in pre-sale allocations.

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

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.

Some participants in the crypto community apparently mistook these actions as suggesting that the SEC would continue to be gentle, perhaps by essentially «grandfathering» pre-existing token sales, regardless of their lack of compliance with the federal securities laws, or by pursuing only the most egregious violations of federal securities laws, such as those involving token issuers engaging in garden - variety fraud.

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.

Speaking to token issuers stepping away from public sales, Minhui Chen, a partner at Global Blockchain Innovative Capital (GBIC) told CoinDesk, «Raising money from private sales is so easy.»

Far from insulating token issuers against regulatory actions, the proposed SAFT framework may actually increase the risk certain sales run afoul of securities laws, according to a new report out today.

«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.

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.

ICO regulations by French authorities would facilitate token issuers with an authorization system to easily obtain the ICO - license from the AMF.

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

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.

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.

In his first monthly column for CoinDesk, Brito argues that the SAFT framework, despite its limitations, is a reasonable path forward for token issuers given the ambiguity of current laws and slim chances of clarifying legislation in the near future.

Going forward, many token issuers will undoubtedly find that the federal securities laws, as applied to tokens and token platforms, are clunky and cumbersome, and not well - tailored to their activities.

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.

But instead, Gupta believes the Brooklyn Project, an initiative led by blockchain startup ConsenSys, will create a new framework for token issuers that is based on set deliverables, yet keeps with the ethos of ICOs that anyone and everyone can invest.

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.

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

As for the SAFT, it may yet prove to be a useful tool that gives token issuers a limited but nonetheless effective safe harbor to pre-sell tokens and get development funds.

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.

This has been one of the key motivators of structuring offshore foundations to be the token issuer — offshore foundations may not be subject to some taxation requirements.

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

A token issuer should be mindful of how Howey and Reves may apply to its token.

A complete dashboard allows the token issuer to manage token holders and corporate events such as dividends, buy backs and announcements.

Beyond taxes, consumer protection, and AML, each token issuer has to consider the legal implications of their underlying business.

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.