SEC’s Coin Offering Decision May Benefit Asia

The SEC’s decision this week that initial coin offerings are securities has reverberated around the globe.

Entrepreneurs in Asia are cheering the decision, assuming that the center of the cryptocurrency will rebound to their part of the world.

Moreover, in a puzzling move the Central Bank of China has previously announced that it will ” launch its own cryptocurrency in the near future.” Puzzling because the premise of cryptocurrency is that it’s not backed by any government entity.

The result, many financial pundits think,is to move ICOs to Asia where there are, supposedly, a huge number of investors.

Yeah, maybe.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in accredited investor, balance, Banking, Banks, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , . Bookmark the permalink.

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