U.S. Turns the Corner on Security Tokens (STOs)

Congressman Warren Davidson of Ohio (R) began a pivotal process in the cryptocurrency world by writing legislation that will address all of the ambiguity that now exists in the US laws governing tokens. Everyone knows of the confusion and flaws of the SEC ’s application of regulations created for equity shares being applied to tokens, forcing all coins to be classified as security tokens whether they are actual financial instruments or utility tokens. The enforcement of these regulations can be extremely severe and even criminal. Last September, Congressman Davidson and Congressman Darren Soto of Florida (D) convened a roundtable of …

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How much work is involved in a Token Offering? Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018

Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018 BrightCOIN CEO Vince Mundy on a panel discussion at Echelon Asia Summit 2018 talking about the current state of ICOs. The video starts off in the middle. The summary: lots, lots of work. Sleepless night, lots of moving parts. Capital required: lots of capital. I would say that it takes a minimum of $50-$100k to do a successful ICO/STO. Of course, that’s a low-end number….many projects come in with $250k-$500k budgets.   NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.

Are VCs important for ICO/STO issuers? Vince Mundy CEO BrightCOIN @ Echelon Asia Summit 2018

 

 

Current state of ICOs, the greed, the failed icos and the future. – Vince Mundy

Vince Mundy CEO BrightCOIN talk at Echelon Asia Summit 2018 BrightCOIN CEO Vince Mundy on panel discussion at Echelon Asia Summit 2018 talking about the current state of ICOs.   NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.  

Can an ICO do token Airdrops to U.S residents?

BrightCOIN’s legal counsel wrote a really good article on the matter. The high-level takeaway is- DO NOT do Airdrops to American residents. Anil Advani from Inventus Law said “Founders, therefore, have to be careful in structuring their Airdrop or free stock giveaway offerings because those will very likely be: (a) treated as issuance of securities; and (b) subject to the Securities Act, and subject to registration or a specific exemption under the Act.” Full article here  NOTE: This article is provided for informational purposes only and should not be construed as legal or tax advice.

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