Business

Sony Enters Security Token Industry with Investment in Securitize
Business

Sony Enters Security Token Industry with Investment in Securitize

On February 3rd, 2020, digital securities platform Securitize announced an investment from Sony Financial Ventures. Sony has now joined a notable list of firms backing Securitize, including Coinbase, Ripple, Blockchain Capital, Santandar Bank, MUFG, and SBI Holdings. Sony’s Entrance in the Security Token Space Explained Securitize is a technology provider for the issuance and management…

Cryptocurrency Act of 2020: Congressional Prep for Libra — or More?
Blockchain, Business

Cryptocurrency Act of 2020: Congressional Prep for Libra — or More?

Members of United States (U.S.) Congress are currently drafting a new bill clarifying digital asset regulation. The Cryptocurrency Act of 2020, if approved, will identify three types of digital assets along with their corresponding agencies responsible for regulation. Is Congress preparing to regulate Libra, or something more? U.S. Congress and Digital Asset Regulation in 2019…

France Announces First-Ever ICO Approval via AMF’s ICO Visa
Blockchain, Business

France Announces First-Ever ICO Approval via AMF’s ICO Visa

Earlier this, France implemented the PACTE Law to provide regulatory frameworks for companies utilizing blockchain technology. When it comes to Initial Coin Offerings (ICOs), France established the ICO Visa as a means to regulate the new fundraising method. On December 19th, 2019, France’s financial regulator granted its first-ever ICO Visa. Are ICOs making a comeback?…

SEC Settles with Blockchain of Things After Alleged $12M Unregistered Securities Offering
Blockchain, Business

SEC Settles with Blockchain of Things After Alleged $12M Unregistered Securities Offering

On December 18th 2019, the U.S. Securities and Exchange Commission (SEC) announced that it has settled charges with Blockchain of Things (BCOT). Several months after the SEC published its DAO Report, BCOT raised almost $13 million through an Initial Coin Offering (ICO), which the SEC deemed an alleged unregistered securities offering. The SEC’s Charges Alleging…

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change
Blockchain, Business, STOs

What You Need to Know: The SEC and its Potential Accredited Investor Definition Change

The U.S. Securities and Exchange Commission (SEC) has received widespread criticism for its exclusive definition of ‘accredited investor’. Currently, accredited investors are limited to a select group of wealthy individuals based on one thing: their wealth. Now, the SEC is considering a proposal to change the criteria used to qualify accredited investors — which could…

TokenSoft Hires SEC and CFTC Veteran Alex Levine as Chief Legal Officer
Blockchain, Business, Careers

TokenSoft Hires SEC and CFTC Veteran Alex Levine as Chief Legal Officer

On December 17th 2019, security token platform TokenSoft announced Alex C. Levine as the firm’s new Chief Legal Officer. Levine will bring his legal expertise from the SEC, CFTC, and a number of blockchain firms to help manage DTAC, TokenSoft’s affiliate and newly announced SEC-registered transfer agent. Security Token Platform TokenSoft Hires SEC and CFTC…

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