Topic
Initial Coin Offering
397 published works
The CLS Blue Sky Blog
Facebook’s Libra Heightens Debate Over the Regulation of Cryptocurrencies
Cryptocurrencies like Ether, DAO, Bitcoin and Facebook’s Libra are electronically generated and stored currencies by which users can trade real or virtual objects with one another, bypassing traditional central clearinghouses.…
The Blockchain Monitor
Blockchain Solutions Announced for Financial Services and Supply Chain, ICO Enforcement Actions Continue at State and Federal Levels
By Diana Stern, Simone O. Otenaike, Joanna F. Wasick
In this issue: • Blockchain Payment Solutions, Patents and Market Data Announced • Blockchain Supply Chain Pilots Announced Across Industries, New Studies Published • ICO Enforcement Actions Continue Amid Tax…
The CLS Blue Sky Blog
ICO vs. IPO: Empirical Findings, Information Asymmetry, and the Appropriate Regulatory Framework
By Moran Ofir, Ido Sadeh
Initial coin offerings (ICOs) are a new form of fundraising whereby blockchain-related ventures raise public capital in exchange for newly issued digital tokens. The issued tokens may represent a variety…
Start-up Group
Cryptocurrencies Are Subject to Tax and Securities Laws?
By John Lande
Many people view cryptocurrencies as a highly disruptive technology destined to change the economy as we know it. What they will disrupt, however, remains to be seen. In the meantime,…
Global Regulation Tomorrow
FMLC paper on legal uncertainties arising from ICOs
On 31 July 2019, the Financial Markets Law Committee (FMLC) published a paper identifying issues of legal uncertainty arising from initial coin offerings (ICOs). The FMLC examines the legality of…
Financial Services Observer
New Regulations in Japan on Security Token Offerings
By Koichiro Ohashi, Sayaka Uno, Makoto Koinuma
A bill to amend the Act on Settlement of Funds and the Financial Instruments and Exchange Act (FIEA) has passed both the upper and lower houses of Japan’s National Diet…
Corporate and Securities Law
SEC Qualifies First Regulation A+ ICO
Timely disclosure
Alive and Kik-ing: Kik Interactive Faces SEC Action but Vows to Fight Back
By Daniel Fuke, Julie He
On June 4, 2019, the US Securities and Exchange Commission (SEC) sued Kik Interactive Inc. (Kik), a privately-held Canadian corporation based in Waterloo, Ontario, for conducting an unregistered securities offering…
Inside Privacy
ICO Publishes Report on Impact of GDPR
By Dan Cooper, Mark Young
On 30 May 2019, the United Kingdom’s ICO released a report, “GDPR: One Year On”, discussing the impact of the GDPR and its associated learnings after one year following its…
Blockchain and the Law
SEC Sues Kik for ICO
By Trevor Dodge
On June 4, 2019, the U.S. Securities and Exchange Commission (the “SEC”) filed a complaint in the Southern District of New York against Kik Interactive Inc. (“Kik”) alleging violations of…