[BeyondCC Daily Update] - 14 January 2020
The annual meeting of the World Economic Forum (WEF), renowned as a place where business executives, government officials, entrepreneurs and NGO leaders convene to create positive change, is days away.SEC Warns Crypto Investors of Initial Exchange Offerings in New Note
According to the notice, the regulator considers IEOs to be similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings for the past several years. While IEO providers may claim their sales are different from ICOs, they may still violate federal securities laws, the SEC said. As such, the agency warned investors to "be cautious" if they are considering investing in an IEO.