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SC acts against ICO


PETALING JAYA: The Securities Commission (SC) has shut down an initial coin offering (ICO) in Malaysia and says it will not hesitate to rein in others who try to contravene securities laws.

ICOs are all the rage the world over now, where parties produce white papers detailing their business plans for raising funds via the issuance of new tokens or cryptocurrencies, all purportedly to be built on the blockchain technology.

   

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