Regulation Of Initial Coin Offerings
DOWNLOAD
Download Regulation Of Initial Coin Offerings PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Regulation Of Initial Coin Offerings book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
A Critical Appraisal Of Initial Coin Offerings
DOWNLOAD
Author : Dominika Nestarcova
language : en
Publisher:
Release Date : 2019
A Critical Appraisal Of Initial Coin Offerings written by Dominika Nestarcova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Cryptocurrencies categories.
A Critical Appraisal of Initial Coin Offerings: Lifting the "Digital Token's Veil" examines the merits of regulating initial coin offerings under traditional securities regulations and provides and in-depth analysis of digital tokens as a new asset class.
Understanding Initial Coin Offerings
DOWNLOAD
Author : Dmitri Boreiko
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-03-14
Understanding Initial Coin Offerings written by Dmitri Boreiko and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-14 with Business & Economics categories.
Delving into the comprehensive evolution of Initial Coin Offerings (ICOs), this innovative book traces their origins and transition into modern forms such as Security Token Offerings, Initial Exchange Offerings, Initial DEX Offerings, and Non-Fungible Tokens. It provides an in-depth analysis of the factors behind the appeal of ICOs, the complex ecosystem surrounding them, and the key developments within the blockchain and cryptocurrency space.
Regulation Of Initial Coin Offerings
DOWNLOAD
Author : Philipp Maume
language : en
Publisher:
Release Date : 2019
Regulation Of Initial Coin Offerings written by Philipp Maume and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Initial Coin Offerings (ICOs) are currently the hottest topic in the financial markets. They typically use blockchain technology to offer so-called 'tokens' that can confer various rights. Experts estimate that the amount of money raised via ICOs will reach US$ 20 billion by the end of 2018. Commentators have described the ICO bonanza as a new gold rush. Nevertheless, the legal framework for ICOs remains unclear because traditional securities regulation is designed for classical securities that are traded on a stock exchange. In late 2017, the US Securities and Exchange Commission released two statements that highlighted that tokens may be subject to US securities regulation if they meet the requirements for 'investment contract' as laid out in the Howey test. However, regulators in Asia and Europe remain quite vague on the issue. In this article we analyze the legal framework for ICOs in the European Union. It is our view that investment tokens (including hybrid tokens with some investment functions) are 'transferable securities' under Directive 2014/65/EU on Markets in Financial Instruments. Despite resting on a highly dissimilar definition, the financial markets law of the European Union, if applied correctly, applies to token classifications - this is comparable with the US Securities and Exchange Commission's approach. The result would be a similar framework in two of the most vibrant regions for ICOs. It would be a first step towards a harmonized application of securities laws to ICOs, avoiding regulatory patchwork and a possible 'race to the bottom'
Fintech
DOWNLOAD
Author : Jelena Madir
language : en
Publisher: Edward Elgar Publishing
Release Date : 2024-05-02
Fintech written by Jelena Madir and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-02 with Law categories.
This fully revised and updated third edition provides a practical examination of legal and regulatory issues in FinTech, a sector whose rapid rise in recent years has produced opportunities for innovation but has also raised new challenges. Featuring insights from over 40 experts from 10 countries, this book analyses the statutory aspects of technology-enabled developments in banking and considers the impact these changes will have on the legal profession.
New Frontiers In Entrepreneurial Finance Research
DOWNLOAD
Author : Quas Anita
language : en
Publisher: World Scientific
Release Date : 2019-09-12
New Frontiers In Entrepreneurial Finance Research written by Quas Anita and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-12 with Business & Economics categories.
This book provides an updated view of new trends in entrepreneurial finance, with the aim of guiding academics and non-academics alike that want to gain a deeper understanding of this field.It collects recent contributions from scholars from all over the world. Each chapter provides new empirical or theoretical evidence on fundamental issues related to entrepreneurial finance, including business angels, crowdfunding, Initial Coin Offerings, Mini bonds, public support and more. Besides reviewing the recent trends in the field, the book also highlights new avenues for research, and implications for practitioners.
The Law And Finance Of Initial Coin Offerings
DOWNLOAD
Author : Aurelio Gurrea-Martínez
language : en
Publisher:
Release Date : 2020
The Law And Finance Of Initial Coin Offerings written by Aurelio Gurrea-Martínez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
The rise of new technologies is changing the way companies raise funds. Along with the recent increase of crowdfunding in the past years, a new form of funding has emerged more recently: the use of Initial Coin Offerings (ICOs). In 2017, companies raised more than $4 billion through ICOs in the United States, and more than $17billion has been raised during the first three quarters of 2018. In a typical ICO, a company raises cryptocurrencies giving some rights in return. The different nature and features of these rights, known as “tokens”, are generating many controversies among securities regulators around the world. Namely, it is not clear whether and, if so, when these tokens should comply with securities law. Securities regulators are addressing this issue in a very different manner across jurisdictions: while countries like the United States, Switzerland and Singapore are requiring companies to comply with existing securities rules only when a company issues “security tokens”, other jurisdictions, such as China and South Korea, have prohibited ICOs, and Mexico subject any issuance of tokens to a system of full control ex ante. Nevertheless, ICOs not only generate these challenges for securities regulators. They also arise many other issues from an accounting, finance, corporate governance, data protection, anti-money laundry and insolvency law perspective. By providing a comparative and interdisciplinary analysis of ICOs, our paper seeks to provide regulators and policy-makers with a set of recommendations to deal with ICOs in a way that may promote innovation and firms' access to finance without harming investor protection, market integrity and the stability of the financial system.
What Would Be Efficient Regulation For Initial Coin Offerings In The U S
DOWNLOAD
Author : Oscar Bruderer
language : en
Publisher:
Release Date : 2019
What Would Be Efficient Regulation For Initial Coin Offerings In The U S written by Oscar Bruderer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
Initial Coin Offerings (ICOs) have been gaining popularity as an alternate way of funding through the issuance of tokens on a blockchain network. While this new technology has the potential to fundamentally alter the way in which the capital market operates, there is a lot of confusion as to what a token actually is and how it should be regulated. Since the tokens used in ICOs come in a variety of shapes and sizes, their status under securities laws is often unclear. For this reason, this paper will investigate whether different types of tokens used in ICOs fall under the definition of a security under Swiss, EU, and U.S. securities laws in order to ultimately determine how they should be regulated in the U.S. Based on legal analysis, we find that while the three nations define a security differently, they all struggle to set the boundaries in the case of utility tokens. Whereas Switzerland has the clearest regulation in this regard, U.S. securities laws are by far the most ambiguous when it comes to defining the legal status of a utility token. Finally, for tokens that meet the definition of a security, this paper argues that current securities regulations in the U.S. are not apt for facilitating the growth of ICOs. Therefore, the Securities and Exchange Commission should: (1) provide more clarity as to how they will regulate token sales, (2) create a safe harbor for token exchanges, and (3) create an exemption for token sales. Not doing so would prompt issuers from leaving to another jurisdiction which would make ICOs harder to regulate, chill innovation, and cause the U.S. to lose their spot as a global hub for this new form of raising capital.
Regulating Initial Coin Offerings A Taxonomy Of Crypto Assets
DOWNLOAD
Author : Jens Lausen
language : en
Publisher:
Release Date : 2019
Regulating Initial Coin Offerings A Taxonomy Of Crypto Assets written by Jens Lausen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
In 2017, the price of bitcoin skyrocketed and many investors wanted to participate in the crypto-hype. Hence, a lot of companies took the new opportunity to obtain financing by issuing crypto-assets in initial coin offerings instead of going the heavily regulated way through venture capital or initial public offerings. Besides valuable projects, many projects fail or turn out to be a scam. Retail investors are not aware of the potentially high risks of ICO investments. Regulators of most jurisdictions have not yet proposed new rules, but monitor the new phenomenon to gain insights. Many regulators stick to regulation in place and pursue case-by-case assessments in order to apply existing rules. This paper develops a taxonomy of crypto-assets based on academic literature and empirical data. The taxonomy covers embodied investor rights, security-like characteristics, and crypto-specific features being able to support regulators with their case-by-case assessment. The taxonomy helps regulators to classify crypto-assets allowing them to decide which characteristics are subject to regulation and whether new rules are necessary to ensure market integrity and investor protection. Further, the taxonomy is also designed to support issuers with the design of new crypto-assets helping them to understand which characteristics might be subject to regulation.
Cryptofinance And Mechanisms Of Exchange
DOWNLOAD
Author : Stéphane Goutte
language : en
Publisher: Springer Nature
Release Date : 2020-01-03
Cryptofinance And Mechanisms Of Exchange written by Stéphane Goutte and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-03 with Business & Economics categories.
This book describes how the rapid advancement in encryption and network computing gave birth to new tools and products that have influenced the local and global economy alike. One recent and notable example is the emergence of virtual currencies (such as Bitcoin) also known as cryptocurrencies. Virtual currencies introduced a fundamental transformation that affected the way goods, services and assets are exchanged. As a result of its distributed ledgers based on blockchain, cryptocurrencies not only offer some unique advantages to the economy, investors, and consumers, but also pose considerable risks to users and challenges for regulators when fitting the new technology into the old legal framework. The core of this proposed book is to present and discuss the evidence on financial asset capabilities of virtual currencies. The contributors of this volume analyze several interesting and timely issues such as the particularities of virtual currencies and their statistical characteristics; the diversification benefits of virtual currencies; the behavior and dependence structure between virtual currencies and the financial markets; the economic implications of virtual currencies, their effects, their price risk, and contagion spillovers in a unified and comprehensive framework; the future of virtual currencies and their distributed ledgers technology.
How To Ico Ito In Singapore
DOWNLOAD
Author : Carole Yit
language : en
Publisher:
Release Date : 2017-11-27
How To Ico Ito In Singapore written by Carole Yit and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-27 with categories.
The next bubble? Or an unstoppable new world order? What is this blockchain revolution al about? The first bitcoin purchase for two pizza's in New York City for 10.000 bitcoins happened on 22nd May 2010. Those same 10000 bitcoins are worth over US$48.000.000.00 today. No other asset class has returned as much profits as cryptocurrencies have in the last eight years. Everyone is talking about cryptocurrencies, and entrepreneurs are jumping on the ICO/ITO bandwagon and issueing their own digital currencies. Estonia, Singapore, India and even the International Monetary Fund have issued, or are intending to issue their own digital currency. What are the risks? What are the regulators doing and what do they think? Is it safe to invest in digital currencies and ICOs?This book is a summary of:> The ICO and cryptocurrency world today. > The overall trends in the industry all over the globe.> How ICOs are run. > What the specific legal and regulatory issues relating to ICO's are.Read this book to learn more about the blockchain, cryptocurrencies and the ICO world today!Malcolm Tan is a Singapore based lawyer and entrepreneur. He is the C.E.O. of both Gravitas Holdings and the AEXON project.