Initial coin offerings: cryptocurrency's next high-risk big money maker Read moreHis statements were not entirely negative. “I believe that initial coin offerings – whether they represent offerings of securities or not – can be effective ways for entrepreneurs and others to raise funding, including for innovative projects,” Clayton said. South Korea has simply banned ICOs, noting in September that “stern penalties” would be levied on anyone issuing one. Under Clayton, who joined the SEC in January following a nomination from President Trump, the Commission has been cautiously expanding its enforcement of cryptocurrency regulation. In deciding not to impose a penalty, the Commission recognised that the company stopped the ICO quickly, immediately returned the proceeds before issuing tokens, and cooperated with the investigation.”

Source: The Guardian December 12, 2017 11:25 UTC