ICOs are securities, according to the SEC, but few are reporting themselves as such. As CCN reported, the SEC announced this week that it isn’t planning to update its securities framework to accommodate ICOs, which behave much like securities in that they back funding towards a company like a stock or traditional IPO. However, the

The post Despite Warnings, ICO Promoters’ Self-Reporting is ‘Underwhelming’: SEC Official appeared first on CCN

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