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ICO's in Violation of FinCEN

ICO’s in Violation of FinCEN

In February, the Financial Crimes Enforcement Network (FinCEN) made it very clear that ICO issuers need to get registered as a money services business (MSB). This means that before you launch your ICO you need to go through the expensive, time-consuming process of… Creating a BSA program, including a written AML compliance program; Hiring an… Read more

ICO’s Explained

ICO’s Explained

“ICO”. “Blockchain”. “Digital wallet”. “Crypto”. “Bitcoin”. “Tokens”. “SAFT”. Wow, the acronyms are a bit overwhelming. Let’s simplify things… An “Initial Coin Offering” (ICO) is not a Bitcoin. It is a securities offering by a company that is raising capital, or a participation interest in something (more on that in a moment). What does that mean… Read more