The Wall Street Journal recently reported that Kik, a messaging app that raised close to $100 million dollars in a 2017 initial coin offering (ICO) of its “Kin” token, is challenging a proposed Securities and Exchange Commission enforcement action against the company. As has been discussed by…
Those who follow cryptocurrencies will know that an initial coin offering (ICO) refers to the issuance of digital tokens to finance a blockchain-based venture. They will also know that the legal status of tokens is an ongoing discussion among market participants and regulators. ICOs have attracted policymakers’…
China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease…