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One of the brilliant aspects of bitcoin is its solution to the “double spend” problem. In practical terms, the double spend problem is the possibility that digital currency, since it is just code, unlike coins, script or centrally controlled fiat currency, can be copied and...

Initial Coin Offerings (ICOs) and cryptocurrency are two of the most talked about topics in the technology industry in 2018. An ICO is an event in which a new cryptocurrency project sells a portion of its cryptocurrency tokens to early enthusiasts in exchange for convertible...

Securities Exchange Commission During his February 2018 testimony before the Committee of Banking, Housing, and Urban Affairs, the Chairman of the SEC reiterated the agency’s position that typical Initial Coin Offering (“ICO”) structures involve the offer and sales of securities and must register their offerings or...

In recent months, Initial Coin Offerings (“ICOs”) have grown to account for more startup funding in blockchain-based companies. Rather than seeking funding from traditional angel or venture investors to pledge capital for equity, companies are now looking toward the cryptocurrency sphere to crowdsource the sale...

An Initial Coin Offering (ICO) is an event in which a new cryptocurrency project sells a portion of its cryptocurrency tokens to early enthusiasts in exchange for convertible virtual currency (e.g., bitcoin, ether) or government fiat. ICO “tokens” or “coins” are, in essence, digital coupons...

FinCEN (the Financial Crimes Enforcement Network, a branch of the US Treasury Department) has issued guidance in March 2013 to clarify the applicability of the Bank Secrecy Act ("BSA") to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies. (http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html).According to the guidance, companies...

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