Video Digest, May 21: SEC Promoted a Fake ICO, Malta Will Implement Blockchain to the Public Transport
Coin Idol TV news channel is featuring the most relevant news from the world of blockchain and cryptocurrency. Today on our digest: US Securities and Exchange Commission promoted a fake Initial Coin Offering, high school students in the Netherlands are to pass an exam on bitcoin math, Malta will implement block chain to improve the public transport system, two digital currency firms are trying hard to obtain banking licenses.
ICOs To Be Regulated The Same As IPOs in the US
The SEC (The Securities and Exchange Commission) has decided to regulate Initial Coin Offerings (ICO) in the same way as Initial Public Offerings (IPO) of traditional shares. Now, each organization using distributed ledger or blockchain technology that wants to offer and sell its own digital token in the US will be required to be registered.
Poloniex Shutting Down All Operations In Washington
Customers of one of the world’s largest cryptocurrency exchanges, Poloniex, have recently received messages stating that this cryptocurrency exchange has to shut down all operations in Washington state, US. Washington residents have only two weeks to close any open orders and withdraw funds from Poloniex.