A bill to amend the Act on Settlement of Funds and the Financial Instruments and Exchange Act (FIEA) has passed both the upper and lower houses of Japan’s National Diet and was enacted on May 31, 2019. The amendments enhance the regulations on ICOs (Initial Coin Offerings) by applying the securities regulations under the FIEA
FINRA Releases 2018 Annual Regulatory and Examinations Priorities
By William Mack on
Posted in FINRA, Technology
As it does every January, FINRA released its annual Regulatory and Examinations Priorities Letter identifying areas of examination focus for the coming year, recurring challenges faced by firms, and possible risks impacting the financial sector. FINRA’s 2018 exam priorities for the first time identify cryptocurrencies and related initial coin offerings (ICOs). Other first-mentions include technology…
Regulators Weigh in on Digital Assets, Tokens, Securities, and Derivative Instruments Used in ICOs
By Maria Sendra, Rebecca G. DiStefano, Barbara A. Jones, Marvin A. Kirsner, William Mack, Douglas E. Arend & Greenberg Traurig on
The rise of blockchain technology ventures raising money preternaturally through initial coin offerings and token generation events (collectively, ICOs) is a capital formation disruptor, one which has and will continue to spawn considerable futures, fortunes, failures — and frauds. Blockchain-based ICOs have, through 121 offerings closed during January-August 2017, raised over $1.78 billion, with an…