ico

The initial coin offering (ICO) of Velocity Ledger Holdings Limited (VLHL) has recently received the approval from the Bermuda Ministry of Finance, if the Bermuda Monetary Authority (BMA) also gives green light the firm will start its digital asset exchange operations in Bermuda . The CEO of VLHL, Shawn Sloves have explained, “Bermuda has adopted pragmatic, non-restrictive frameworks for digital assets that provide regulatory certainty to market participants.”

The National Securities Market Commission of Spain have made it clear that they did not give any permission for any entity to conduct an initial coin offering (ICO). The regulators have also explained that the decision made was not only replying to the fact, and to investment companies in the countries should be compliance with the regulations for certain market in the country.

The financial watchdog of Switzerland, Financial Market Supervisory Authority (FINMA) have discovered that the company behind the $90 million initial coin offering (ICO) turns out to be illegal. In its statement the Envion AG has accepted more than $91 million from 37,000 investors in exchange for bond-like tokens issued without a license.

The Securities and Exchange Commission (SEC) in Thailand has recently added XRP, ETC, XLM & More For ICO trading allow private ICOs to take place without the registration statements and draft prospectus; but made it clear that it doesn’t see any of the above as legal tender & used in compliance with the nations legal regulations.