- The SEC finally prosecutes an ICO! The practice run is on REcoin, who sold an ICO on tokens backed by diamonds and real estate that didn’t exist; it was particularly egregious in that not even the tokens existed. (The complaint.) Stephen Palley notes that he told you so.
- Form your innovative entrepreneurial crypto corporation in sunny Crypto Valley, Zug, Switzerland! (five minutes later) We regret to inform you that the Financial Market Supervisory Authority in Switzerland is investigating ICOs.
- South Korea is not so keen on ICOs either: “all forms of initial coin offerings regardless of using a certain technology or a certain name.”
- A startling attack of good sense from no-longer-an-ICO Colony.io, who decided that selling unlicensed securities was probably a bad idea, and they won’t be selling tokens until the system their token will be useful in actually, ah, exists.
Some guy with a megaphone is standing across the st from the Bloomberg office in London going on about Bitcoin pic.twitter.com/To9eIT7D4X
— Lisa Fleisher (@lisafleisher) September 28, 2017
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