Cryptocurreny Regulation Update (February 2019)
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Cryptocurrency Regulation Update (February 2019)This piece is part of a monthly series covering regulatory updates related to cryptocurrencies. This piece provides important regulatory updates that have happened in the past month, broken down by developments in the United States and the rest of the world.SourceUnited StatesKik Interactive plans to fight an expected enforcement action from the SEC over a 2017 initial coin offering the company conducted (Jan 27th). As reported by the Wall Street Journal, the SEC’s enforcement division believes Kik issued an unregistered security when it sold $100 million in “kin,” a digital token that Kik says works like a currency on the its platform, according to Kik Interactive CEO Ted Livingston. At issue is whether Kin, a digital asset sold through an (...)