During an ICO, contributors typically send digital currencies like Bitcoin and receive new tokens in return.
NEW YORK: Technology companies looking to raise money by issuing digital coins are moving forward with their plans despite a US regulator's decision that their offerings may be subject to tough securities laws.
Such initial coin offerings, or ICOs, have allowed startups to raise US$1bil (RM4.28bil) so far this year, but until this week it was unclear how the US Securities and Exchange Commission would treat the transactions.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
