ICO issuer charged with fraud by SEC for selling unregistered security

ICO issuer charged with fraud by SEC for selling unregistered security

The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered security offering conducted between August 2017 and January 2018, offering further evidence that regulators were still targeting initial coin offerings from the last major market mania. Loci Inc., the platform behind LOCIcoin, and CEO John Wise were formally charged on Tuesday. The SEC claims that Loci and Wise misled investors

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US SEC Charges Convict and Associates for $30M Fraudulent ICO

US SEC Charges Convict and Associates for $30M Fraudulent ICO

The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent initial coin offering. The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO).Per a Jan. 12 press release, the SEC charged convicted Boaz Manor, his business associate, and two companies, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud…

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Community-Led Pan-African Blockchain Standards Org Publishes Draft ICO Guidelines

Community-Led Pan-African Blockchain Standards Org Publishes Draft ICO Guidelines

ADAF is a project that aims to establish compliance-focused, cross-border blockchain standards for the African continent. The African Digital Asset Framework (ADAF) — a project that aims to establish compliance-focused, cross-border blockchain standards for the African continent — published the first version of its guidance for initial coin offerings (ICO) on March 25.ADAF is supported by the African Digital Asset Foundation (which shares the same acronym) — a non-profit organization and open-source project founded…

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