In November 2017, Chairman of the Securities and Exchange Commission (SEC) Jay Clayton said he has “yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security.” This statement, along with a marked uptick in regulatory action at both the state and federal level have caused many to speculate that […]
As the need for regulation becomes more and more apparent in the world of ICO’s, The Deal Coin is dedicated to establishing partnerships that will not only offer solutions at the early stage of our growth, but compliment our proposition, our vision and our values. None could more exemplify this ethos than our latest partner […]
In one of our recent webinars, Sarah Hody, of the law firm Perkins Coie stated that “If a token is administrating or exchanging virtual currencies, FinCEN could deem the ICO issuer a money transmitter, which would require them to be registered under the federal BSA guidelines.” Well, FinCEN recently revealed a letter where they state […]
Last week, the SEC asked to speak with us. The SEC has been very active recently, issuing numerous subpoenas. Interestingly, we are not conducting an ICO, presale or SAFT. Instead, we support companies who are, providing Know Your Customer (KYC) support, sometimes called AML/KYC.
Risk and Compliance can look complicated from the point of view of an ICO-issuer. For some issuers, risk and compliance is not part of their every day business, and simply a newly required step for the ICO. However, for all issuers, regulators want to know that they have performed due diligence (KYC – Know Your […]
2017 has been a year of rapid growth, momentum and industry recognition for us. Regtech has taken off full force and digital identities have moved beyond a “what are those?” response to “…tell me how they can improve on our current system”. We’ll have more to say about that in a follow-on blog in the […]