The IdentityMind Blog

Can ICO Securities Become Utility Tokens?

May 3, 2018

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 […]

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The Deal Coin Partners with IdentityMind

March 22, 2018

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 […]

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Are ICOs Money Service Businesses now?

March 20, 2018

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 […]

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90 Minutes with the SEC on ICOs

March 13, 2018

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.

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KYC Compliance for ICOs Made Easier

February 14, 2018

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 […]

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IdentityMind’s 10 Predictions for 2018 – KYC, AML, ICOs, GDPR and More

December 28, 2017

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 […]

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