Altcoins News

Story: Companies required to provide full and Fair Disclosure of Their Cryptocurrency

By Maheen Hernandez

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The SEC has required that companies should follow their rules if they should raise funds by selling digital assets.

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Ether has been named as a very effective utility token by the SEC.  The official stated that that Ether was more than just an investment.

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The price of the Bitcoin and several other cryptocurrencies have been doing reasonably well with the announcement of Facebook's Libra which triggered mainstream adoption.

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Companies are now required to provide with full and fair disclosure of their token – failing which it would be labeled illegal token sales.

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Jason Kelley, IBM’s general manager for blockchain services, stated that they are ready to provide help to Facebook to further their blockchain and digital currency plans.

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Kelley stated, "Blockchain is a team sport. Our clients are ready to work with [Facebook], and we're ready to work with all of them to bring it together.

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David Marcus, the head of the blockchain at Facebook had to already clear about how the private data of people would be maintained safely.

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Kelly stated that they were mostly interested in tokenization of assets, where every kind of trade-able asset type would be issued through the blockchain.

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Japan is not going to fight or oppose Facebook's Libra all alone.  They have, however, called for international cooperation as the Governor of Japan's Central Bank have…

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Haruhiko Kuroda, the Bank of Japan‘s governor, stated, “If Libra is introduced, it could have a huge impact on society.

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Japan stands for regulation, and this cannot be considered to be a harsh stand versus the Libra.  It cannot be forgotten that Japan is the house to Mt.

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