Editor's Note: With the development of block-chain technology, ICO has become "crazy" around the world. Concerns about ICOs are also increasing. According to Bitcoin, the US Finance Committee has become an organization called the ICO Certification Board, which aims to issue certificates for ICOs and assess the potential value of ICOs. The article is compiled by 36 krypton.
The US Finance Committee has set up a team of financial technology experts to certify ICO (Initial Coin Offerings) and assess the potential value of ICO. This independent organization is named "ICO Certification Committee", referred to as ICC.
The committee is an independent body responsible for providing trade technology certification for the foreign exchange industry and developing procedures for external dispute resolution. The ICO Certification Committee will be composed of independent autonomous institutions and will be supported by the Dispute Committee of the Financial Committee. The issuance of the ICO will be assessed on the basis of a set of published standards.
Peter Tatarnikov is the Chairman and Founding Member of the ICO Certification Committee, who elaborates on the ICC environment and its objectives:
The ICO Certification Board is expected to serve as an extension of the Finance Committee, primarily for foreign exchange brokers, and will establish specific criteria for assessing the risk of tokens or ICO derivatives transactions. The external dispute mediation service of the Finance Committee is not registered in any jurisdiction and is not subject to any jurisdiction.
At the time of the establishment of the ICO Certification Board, governments are increasingly focused on ICOs.
The Securities and Exchange Commission (SEC) recently issued a warning to ICO that the ICO is an unregistered form of securities issuance, followed by financial regulators in Canada and Singapore keeping pace with the SEC. It is also reported that Chinese regulators have been discussing measures aimed at combating the "ICO" industry, including considering a full suspension of all ICO transactions in China.
According to the latest news, the regulatory authorities have made judgments on the ICO, was identified as illegal fund-raising, the relevant normative documents will be issued in the near future.
Original address: https: //news.bitcoin.com/us-financial-commission-to-issue-certification-for-icos/
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