Topic: A Fun Poll on What Altcoin Exchanges will do with ICO Tokens (Read 258 times)
I believe this will cripple US crypto scene a bit.. promising project will simply move somewhere else
I'm surprised that none of you have an opinion on the matter. Maybe this will change your minds.
BTC-e Fined as SEC Vows to Crack Down on Unregulated Exchanges
https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/
Yup, you heard it right folks. I think it would be safe to say that US based exchanges like Polo will be at the mercy of the SEC. The first thing they would do is to slowly shed the ICO's that are defined as securities to avoid any problems, then apply for a license which they may or may not get.
BTC-e Fined as SEC Vows to Crack Down on Unregulated Exchanges
https://www.coindesk.com/110-million-btc-e-fined-us-vows-crackdown-unregulated-exchanges/
Yup, you heard it right folks. I think it would be safe to say that US based exchanges like Polo will be at the mercy of the SEC. The first thing they would do is to slowly shed the ICO's that are defined as securities to avoid any problems, then apply for a license which they may or may not get.
I guess you all have already read the new SEC guidelines about ICO tokens being defined as securities. This opens a can of worms as these 'securities' are being traded in unregulated exchanges and hence breaking the law. Some, if not all US based exchanges could maybe opt to delist these tokens.
Please vote and tell us what you think be commenting below.
In case you missed it read this:
SEC: US Securities Laws 'May Apply' to Token Sales
https://www.coindesk.com/securities-exchange-commission-us-securities-laws-may-apply-token-sales/
Please vote and tell us what you think be commenting below.
In case you missed it read this:
SEC: US Securities Laws 'May Apply' to Token Sales
https://www.coindesk.com/securities-exchange-commission-us-securities-laws-may-apply-token-sales/
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