SEC brings dodgy digital-currency sales to earth – Breakingviews

SEC brings dodgy digital-currency sales to earth – Breakingviews


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26 July 2017
By Timur Onder



The U.S. watchdog says 2016’s biggest so-called initial coin offering was a securities issue that didn’t comply with the law. That will crimp a market that has boomed to $1.3 bln so far this year. A crackdown will test whether it’s worth the trouble of making ICOs legitimate.

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