Capital Formation — the killer app for blockchain?
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Liquidity. (Photo by Aleks Dahlberg, on Unsplash)Capital Formation — the killer app for blockchain?The real promise of democratized finance has yet to arrive to the party.You may think that ICOs have come and gone. And I honestly hope you are right.In November 2018, the Securities Exchange Commission (SEC) Enforcement Division reported that it was taking action against dozens of fraudulent ICOs, and that it has ordered $3.94 billion in total penalties for fraudulent crypto offerings during the 2018 Financial Year. Simultaneously, the SEC announced its settlement with crypto-marketplace EtherDelta, with fines and collaboration with the company. Pursuant to the settlement, EtherDelta has acknowledged that it should have registered as an Alternative Trading System (‘ATS’) with the SEC, or (...)
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