Tag Archives: token

Why ICOs Should Want to Be Securities

Why ICOs Should Want to Be Securities

Lindsay Lin is a counsel and program manager at Lightyear.io, a company that leverages the open-source Stellar protocol to build digital payments infrastructure and services. In this opinion piece, Lin argues that issuers of ICOs should not only accept but embrace regulators’ classification of their tokens as securities. In the past year, most organizations conducting […]

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Regulated ICOs Arrive: Overstock to Open Exchange for Legal Token Trading

Get ready for regulated token trading. Announced today, tØ, the capital markets arm of Overstock‘s blockchain-focused subsidiary Medici, is launching a first-of-its-kind alternative trading system (ATS) that will provide a platform for the exchange of cryptographic tokens categorized in the U.S. as securities. A joint venture with RenGen (a fintech firm that will serve as […]

Neo ICO Token Wins Traders as China Worries Fade

Neo ICO Token Wins Traders as China Worries Fade

The neo-US dollar (NEO/USD) exchange rate is showing signs of renewed life today. As a China-based project, neo (formerly antshares) perhaps bore most of the brunt of the decision by the country’s regulators to ban initial coin offerings (ICOs), falling nearly 40% over the day’s trading on September 4. However, neo appears to now be recovering, posting a strong 10% gain today amid a dull market. A general […]

Canada Confirms Tokens May Be Securities and Pacific Coin Is the Test

Canada Confirms Tokens May Be Securities and Pacific Coin Is the Test

Joshua Ashley Klayman is a counsel in the Finance + Projects group at global law firm Morrison & Foerster LLP and co-head of the firm’s Blockchain + Smart Contracts group. Martin Kovnats, Donald Johnston, Matthew Liberatore and Shannon Corregan work at Canadian law firm Aird & Berlis LLP, where they specialize in M&A, private equity and […]

Estonia Wants to ICO, But Is Currency Law a Deal-Breaker?

Estonia Wants to ICO, But Is Currency Law a Deal-Breaker?

There’s a new party interested in initial coin offerings (ICOs): global governments. This time, though, they aren’t just out to warn citizens or regulate the new mechanism. Instead, at least one progressive government is considering whether it can take advantage of the technology. The Baltic nation of Estonia made a splash last month proposing a […]