Wall Street regulator sets sights on digital coin offerings


  • TECH
  • Wednesday, 26 Jul 2017

Digital service: Coinbase offers services for buying, selling, sending, receiving, and storing bitcoin. — Reuters

Wall Street's main regulator said on July 25 that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales.

ICOs have become a bonanza for digital currency entrepreneurs, allowing them to raise millions quickly by creating and selling digital "tokens" with no regulatory oversight.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Coinbase doubles down on prediction markets with deal for The Clearing Company
Alphabet to buy data center firm Intersect in $4.75 billion deal amid AI push
Ellison steps in with personal guarantee as Paramount fights for Warner Bros
AI spending spree drives global tech debt issuance to record high
Instacart ends AI-driven price experiments after criticism
Ellison offers personal guarantee to beef up Paramount's Warner Bros bid
Honeywell expects $470 million charge from Flexjet settlement
Uber, Lyft to test Baidu robotaxis in UK from next year
Tech influencer Lamarr Wilson dies by suicide at 48
Sam Altman’s cringe AI thirst trap says a lot about the future of OpenAI

Others Also Read