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.
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