CoinLaunch Reaches $50k Settlement With OSC

CoinLaunch (an ICO consultant) now has to pay $50,000 to the Ontario Securities Commission (OSC) in its case related to two ICOs, BCZERO & ECOREAL which were found to be securities. A commercial litigator Evan Thomas commented, “Although regulators cracking down on ICOs have tended to focus on issuers, the big lesson here is that securities laws can apply to activities beyond issuing tokens, including activities that don’t involve buying or selling tokens.”

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