alef bet jewelry wholesale What impact will the US Securities Regulatory Commission incorporate ICO in supervision?

usa wholesale snap jewelry In the past six months, ICOs have been in full swing, and its financing speed has even made the IPOs reach. On July 25, the US Securities Regulatory Commission (SEC) announced that some ICO projects were included in the regulatory system, which impact will this have on the ICO project and even the blockchain industry?
ico () is to conduct crowdfunding financing by issuing cryptocurrencies. It is a financing method for blockchain companies or autonomous organizations to issue initial cryptocurrencies, selling to qualified participants to indirectly obtain funds and use it for project development.
SEC confirms the investor announcement on ICO risk education issued by ICO's regulatory rights, and investigation reports of the ICO project, the ICO project that collapsed due to code vulnerabilities.
The report claims that the SEC investigates the ICO project in accordance with the provisions of Article 21 (a) of the Securities Trading Law in 1934. It is currently defined by the AEDAO token belongs to the category of the securities and emphasized that it is defined as defined by the facts as the definition of the facts. The virtual currency or tokens of the securities will be included in the regulatory system of the Securities Regulatory Commission. It is bound by federal securities laws. Whether or not distributed ledger technology is issued and sold.
The financial research institution recently released an ICO report showing that the financing model of ICO has accumulated billions of dollars in financing. Tezos, theDao, Bancor and other projects have achieved US $ 232 million, $ 152.3 million, and 1.52 Hundreds of millions of dollars of financing. In the first half of 2017, up to 2.6 billion yuan of ICO financing occurred in China.
SEC incorporate the THEDAO tokens into the regulatory category, what does it mean? What impact will it affect investors? What will happen to the entire industrial chain of ICO? In this regard, Tencent Technology interviewed Mr. Timbyun, chief compliance officer of OKEX, the leading digital asset service provider in the world.
tim said that the SEC report first clarified that the DAO token is a securities asset. The SEC did not indicate that all the tokens were securities, but many tokens could be based on the report of the securities trading committee. The four standards of securities are defined as securities. In the B.3 criterion, investors who purchase DAO tokens invest in a general enterprise and hope to obtain reasonable returns from the company. Some non -securities tokens may not meet this standard. For example, token buyers may expect to obtain the right to use a certain application, not benefits.
tim pointed out that the move of the SEC will have four influences:
If influence 1: Non -fit investors in the United States may not invest in ICO projects.
The ICO issuer who issued and sold securities in the United States must register or obtain exemption at the US Securities and Exchange Commission. This also means that according to the regulatory requirements of the SEC, ICO projects may only be issued to qualified investors or very rich people.
Affects 2: ICO issuer may move away from the United States.
If tokens are a securities, ICO issuers who issue and sell securities in the United States must register or meet exemption registration at the US Securities and Exchange Commission. For securities tokens, if the ICO issuer does not want to comply with the SEC regulatory requirements, it can transfer the issuance activities to the United States and not accept American investors.
This three: The time and cost of ICO tokens will increase significantly.
This time and cost of ICO tokens for securities tokens will increase significantly. ICO platform service providers (such as underwriters) can provide services to ensure that ICO activities abide by the SEC regulatory requirements, but the cost will increase a lot, and the amount of financing will be reduced a lot.
Affective 4: ICO token trading platform will be forced to move away from the United States.
For securities tokens, trading platforms must be registered in the United States and become national securities trading platforms, or obtained exemption. In the short term, the American token trading platform must remove securities tokens. In the long run, the American tokens can move away from the United States and no longer serve American customers.
"The storm will return to peace." Mr. Tim said that although many industry participants and observers may not agree with the SEC report, the US Securities Trading Law cannot be violated; I hope that the US Securities Regulatory Commission will release another target of another target Non -securities tokens reports make the industry clearer how to develop. "
okex is a provider of becoming a global digital assets. It mainly provides trading, OTC, wallet, safe, block tracking and other services for digital assets.