2021-09-23
It's fascinating to watch Big Tech companies, in real time, hastening their classification and regulation as public utilities. https://twitter.com/...
The Verge
Tim Sweeney says Apple told Epic that it will not consider reinstating Epic's developer account until all legal appeals have concluded, likely years from now
Epic CEO Tim Sweeney revealed the conversation in a series of tweets — Fortnite will not be returning to the iOS App Store any time soon … Source: Epic Games .
2020-07-14
1/ BREAKING 🚨 popular crypto app Abra charged by and settles with SEC for offering securities swaps. This is interesting for a few reasons. Short thread follows. https://www.sec.gov/...
CoinDesk
Crypto app Abra and partner company Plutus settle charges from SEC and CFTC for $300K after allegedly facilitating unregistered security-based swap transactions
Paddy Baker / CoinDesk :
2018-02-19
...unless they “additionally or only have an investment purpose at the point of issue.” Sales of pre-functional utility tokens create securities in Switzerland, according to FINMA.
Financial Times
Swiss financial supervisor publishes guidelines meant to support the ICO market by clarifying when anti-money laundering and securities laws apply to them
Now for the interesting part: Utility tokens. Utility tokens are tokens which are “intended to provide access digitally to an application or service by means of a blockchain-based infrastructure” - a mouthful but not inaccurate.
Financial Times
Swiss financial supervisor publishes guidelines meant to support the ICO market by clarifying when anti-money laundering and securities laws apply to them
Switzerland just issued landmark guidance on ICOs and token sales that will influence global policy. Any interest in a tweet tempest breaking down the new rules? https://www.ft.com/...
Financial Times
Swiss financial supervisor publishes guidelines meant to support the ICO market by clarifying when anti-money laundering and securities laws apply to them
Importantly, any asset token-like elements included in a utility token will make it a security. Makes sense, mostly. Give something the right features of a security and it becomes one.
Financial Times