Crypto companies Bionic Coin, Sybrelabs Ltd and Global Pay Net will receive cease and desist orders from the regulators if they fail to justify their ICOs.
The SEC Secretary General said that out of these 50 ICO projects, "it remains uncertain whether all of them will be given operating licences to raise funds".
"Don’t fall for the ICO hype and false promises such as “blockchain, but not Bitcoin”. And recognise the disruptive potential of digital assets."
A statement from the executives read that Hong Kong will "keep a close watch on cryptocurrencies and Initial Coin Offerings, intervening where appropriate."
Origin previously raised $28.5 million in a strategic round in April 2018, and $3 million in an advisor round in 2017.
The first token listed on the TrustToken platform is TrueUSD – a stablecoin whose price is pegged to the US dollar.
In a bid to become a location for ICO projects in Europe, the Lithuanian Finance Ministry released comprehensive guidelines for Initial Coin Offerings (ICO) on Friday, stipulating when a…
Funding through ICOs is up at least 20x since 2016. ICO funding in the blockchain space amounted to 5x the amount raised via VC funding. There are two key reasons why an increasing number…
The month of May has so far been ICO-friendly, with the funds raised doubling the amount raised last year in May, with 15 days more to close the month.
The Australian Securities and Investments Commission (ASIC) is closely observing documents and statements of ICOs to single out fraudulent schemes.
From March 27th, Twitter is no longer going to accept crypto ads, according to a report on Reuters. This comes after days of speculation on the Internet that it would follow in the footsteps…
Unlike China, who have banned cryptocurrency activities completely, Gibraltar simply wants to lay down some ground rules for ICOs.
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi plans to create a regulatory framework for virtual currency exchanges and intermediaries.