Jules Carter’s article published by Westlaw: ’I believe every ICO I’ve seen is a security’: Securities regulation in the age of cryptocurrency-based investment contracts
Moore & Van Allen (MVA) Litigation Associate Jules Carter’s article titled, “’I believe every ICO I’ve seen is a security’: Securities regulation in the age of cryptocurrency-based investment contracts” was published by Westlaw on May 5.
Unregulated Initial Coin Offerings (”ICOs”) are rapidly becoming an industry standard for fintech startups seeking to fund new ventures.
An ICO is a funding mechanism whereby a tech company secures capital for the development of a new cryptocurrency or blockchain-based application or service by selling tokens on the blockchain platform it is developing. ICOs are appealing because they allow virtual asset service providers (”VASPs”) to secure buy-in to their platform — thereby increasing its legitimacy and viability — without necessarily having to surrender equity or risk losing control over the venture.
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