AZ May Be First State To Regulate ICO’s

Arizona may become the first state to regulate crypto-currencies and Initial Coin Offerings.

The House bill that just passed through committee would classify ICO’s and equity (as opposed to donation or rewards) crowdfunding as “securities” subject to registration unless exempted and crypto-currency traders would have to register with the state securities commissioner to buy and sell in Arizona.

The blockchain, if used outside of financial services, would continue to be unregulated.

The bill would also require that any regulation regarding these matters be determined solely by the state legislature and not local authorities.

http://arizonasonoranewsservice.com/arizona-to-regulate-cryptocurrency-offerings-crowdfunding-and-blockchains/

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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: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banking, Broker dealers, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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