Tag Archives: victual currency

The SEC has the Munchees: Eating away at the “utility token” theory

In this week’s guest blog post, our Seattle-based colleagues, Andrew Ledbetter and  Trent Dykes, discuss takeaways from the SEC’s enforcement order regarding Munchee’s token offering and SEC Chairman Jay Clayton’s general public statement on cryptocurrencies and ICOs: For those who previously read our post about the SEC’s report in the DAO, much of this might not be a surprise – although … Continue Reading

Initial Coin Offerings: The Next Killer App on the Blockchain?

Initial Coin Offerings (ICOs) – essentially, crowdfunding the sale of a digital bearer instrument whose sole record is on a blockchain – threaten to disrupt traditional funding methods, including public offerings and venture funding. Their popularity is blossoming along with the spread of blockchain technology and budding global investor interest in digital currencies such as … Continue Reading

Virtual currency gets regulated under anti-money laundering laws

Virtual currency for the 1st time falls under Italian anti-money laundering law with the decree implementing the European 4th AML Directive. The long awaited Italian legislative decree implementing the European 4th anti-money laundering (AML) directive (the “Italian AML Decree“) is now in place and you can read here about the impact on the gaming sector and here on the … Continue Reading
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