Legality of Basic Attention Token and Other ICOs Called Into Question

Legality of Basic Attention Token and Other ICOs Called Into Question

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Source:Source: news.bitcoin.com

At the start of June, Brave Software raised $35 million USD in 30 seconds, selling out their Initial Coin Offering (ICO) in record time. With recent reports indicating that the United States Securities and Exchanges Commission will be taking steps toward developing regulations for ICOs, questions have surfaced as to whether or not pre-sale token distribution fundraisers are comprising the illegal sale of unregistered securities.

Also Read: SEC Eyes Initial Coin Offerings

Read More https://news.bitcoin.com/legality-of-basic-attention-token-and-other-icos-called-into-question/

The post "Legality of Basic Attention Token and Other ICOs Called Into Question" appeared first here news.bitcoin.com

Source: news.bitcoin.com

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