The US SEC approved the first ICO in accordance with Regulation A +
The US Securities and Exchange Commission (SEC) has nodded its approval for the Start-up Blockchain Blockstack to launch an $ 28 million ICO sale under Regulation A +.
The SEC always keeps a strict attitude toward the ICO. In particular, the latest is the dispute with Kik messaging platform about ICO worth 100 million USD. However, according to the regulations of Regulation A + (Reg A +), the implementation of these ICOs will be "easier" to breathe.
Reg A + is a fast way for small companies to publicly raise capital, less hard than required to sell IPOs. However, Muneeb Ali, founder of Blockstack, shared that the process is still very long and costly because the SEC must devise a completely new protocol for ICO services under Reg A +. This is the previous thing the management agency has never done.
Recent poor performance projects and fears of cheating around some ICOs under Reg A + have frustrated Nasdaq and the New York Stock Exchange (NYSE). Against this backdrop, the SEC's approval of ICO provision under Reg A + can open a new path for Blockchain companies that need fundraising.
bitcoin-news.vn-sec-hoa-ky-chap-thuan-ico-dau-tien-tiendientu-com
The SEC nodded in agreement for Start-up Blockstack to sell ICO worth 28 million USD in accordance with Regulation A +.
More information, Blockstack is a Blockchain construction tool that has mobilized $ 47 million through the previous ICO in accordance with Reg D. another provision that does not require SEC approval but is limited to houses only. Investment is recognized. Currently Blockstack is working with SEC on the framework of providing Token under Reg A + regulations. At that time, Blockstack also revealed that Lux Capital, Foundation Capital and other investors of Harvard University agreed to buy about 96 million Token for prices from 0.12 USD to 0.30 USD / Token.
According to the company's statement, Blockstack's Token Stacks can be used to register pre-encrypted assets, create and process Smart Contract and pay transaction fees, etc. 62 million Stack will be sold at 0.3 USD, while 78,333,333 Stack will be offered at a discount of 0.12 USD. The company also announced that there will be an additional $ 12 million token allocated to reward developers for creating top-ranked applications in the Blockstack ecosystem.
Now, Blockstack has opened this new path for Blockchain companies when there is a need to mobilize capital. Many companies may be encouraged to seek SEC approval for their ICO services instead of arguing with regulatory authorities that their Token is not securities.
The SEC always keeps a strict attitude toward the ICO. In particular, the latest is the dispute with Kik messaging platform about ICO worth 100 million USD. However, according to the regulations of Regulation A + (Reg A +), the implementation of these ICOs will be "easier" to breathe.
Reg A + is a fast way for small companies to publicly raise capital, less hard than required to sell IPOs. However, Muneeb Ali, founder of Blockstack, shared that the process is still very long and costly because the SEC must devise a completely new protocol for ICO services under Reg A +. This is the previous thing the management agency has never done.
Recent poor performance projects and fears of cheating around some ICOs under Reg A + have frustrated Nasdaq and the New York Stock Exchange (NYSE). Against this backdrop, the SEC's approval of ICO provision under Reg A + can open a new path for Blockchain companies that need fundraising.
bitcoin-news.vn-sec-hoa-ky-chap-thuan-ico-dau-tien-tiendientu-com
The SEC nodded in agreement for Start-up Blockstack to sell ICO worth 28 million USD in accordance with Regulation A +.
More information, Blockstack is a Blockchain construction tool that has mobilized $ 47 million through the previous ICO in accordance with Reg D. another provision that does not require SEC approval but is limited to houses only. Investment is recognized. Currently Blockstack is working with SEC on the framework of providing Token under Reg A + regulations. At that time, Blockstack also revealed that Lux Capital, Foundation Capital and other investors of Harvard University agreed to buy about 96 million Token for prices from 0.12 USD to 0.30 USD / Token.
According to the company's statement, Blockstack's Token Stacks can be used to register pre-encrypted assets, create and process Smart Contract and pay transaction fees, etc. 62 million Stack will be sold at 0.3 USD, while 78,333,333 Stack will be offered at a discount of 0.12 USD. The company also announced that there will be an additional $ 12 million token allocated to reward developers for creating top-ranked applications in the Blockstack ecosystem.
Now, Blockstack has opened this new path for Blockchain companies when there is a need to mobilize capital. Many companies may be encouraged to seek SEC approval for their ICO services instead of arguing with regulatory authorities that their Token is not securities.
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