Since we just recently talked about Block.one settlement, we obviously cannot ignore Telegram vs SEC battle, right?Here are some of the facts and my interpretation thereof:Telegram started raising funds in early 2018, to build their TON blockchain. They raised about $1.7 billion via private placement from qualified professional investors (e.g. no Read more…
Yes, you heard it right – EOS may have raised ~$4 billion via unlawful securities offering, but they only had to pay $24 million in fines You might be wondering: if they did something wrong, why they paid so little, and if they did not do anything wrong, why did Read more…
My biggest takeaway from reading the Liechtenstein Blockchain (they named it “TT” for “trustworthy technology” – to ensure that the law is technology-neutral) Act draft version is that many of its provisions make a lot of sense. I really liked how a token is defined as a representation of any Read more…
Disclaimer (i wrote this post in summer 2017, and it’s surprising that it is still very much valid 🙂 ) After a few recent conference speeches and meetup appearances, it became clear to me that ICO hype continues; and continues to be surrounded by equally impressive volume of city-legends and Read more…
Tokens are used by their issuers to govern and control their business models and help users interact with the platform. However, different token rights, roles or features have different regulatory implications. What are they? Here is a (very simplified) summary of token functions Token Roles and Rights Categorization Business Implications Read more…
The majority of ICOs that happened earlier in 2018 and in 2017 did not use any KYC tools, and had no idea who their participants were (here we don’t count ICO pre-sales and private sales, where ICO organizers obviously had personal contacts with early contributors and knew them well). This Read more…