APRIL 6, 2018

The Ontario Securities Commission begins investigating cryptocurrency trading platforms after receiving complaints. Regulators warn cryptocurrencies may be considered securities.

APRIL 3, 2018

Australia requires digital currency exchanges to meet anti-money laundering/counter-terrorist financing obligations.

APRIL 2, 2018

The Securities and Exchange Commission charges two co-founders of Centra Tech Inc with orchestrating a fraudulent initial coin offering. The ICO raised more than $32 million from thousands of investors.

The SEC charges Michael Liberty, founder of fintech startup Mozido Inc, with creating a scheme to defraud investors and misappropriate funds. The SEC accuses Liberty of bilking investors out of $55 million by getting them to invest in shell companies.

MARCH 27, 2018

William Galvin, the top securities regulator for Massachusetts, orders five ICOs to halt token sales for their unregistered securities. The five ICOs include Mattervest Inc, Pink Ribbon ICO, Across Platforms Inc, Sparkco Inc and 18 Moons.

MARCH 13, 2018

The Korea Times reports South Korean financial authorities are preparing a plan to allow ICOs and digital token-based fundraising activities for domestic investors.

MARCH 9, 2018

The Attorney General of South Carolina sends a cease-and-desist order to Genesis Mining, one of the largest cryptocurrency mining firms, to stop all operations within the state.

The Praetorian Group registers with the US Securities and Exchange Commission (SEC) as a security. This appears to be the first ICO to register tokens with the SEC.

MARCH 7, 2018

Japan’s Financial Services Agency issues punishment notices and business improvement orders to seven cryptocurrency exchanges, including Bit Station, for lacking proper internal control systems.

The US Securities and Exchange Commission releases a public statement with considerations for investors and market participants operating online trading platforms. The statement advises investors to use platforms registered with the SEC and orders entities trading in securities to register as an exchange.

MARCH 6, 2018

The Financial Crimes Enforcement Network (FinCEN) publishes a letter dated February 18, 2018 to Senator Ron Wyden, answering a request sent to the agency on December 14, 2017. The letter states FinCEN is working closely with the SEC to enforce AML/CFT obligations of businesses engaged in ICOs.

FEBRUARY 28, 2018

The Wall Street Journal reports the SEC has issued dozens of subpoenas and information requests to tech companies and advisors involved with cryptocurrencies.

FEBRUARY 27, 2018

The Central Bank of Malaysia announces AML/CFT rules requiring cryptocurrency exchanges to identify traders.

FEBRUARY 27, 2018

The Central Bank of Malaysia announces AML/CFT rules requiring cryptocurrency exchanges to identify traders.

FEBRUARY 26, 2018

The Texas State Securities Board issues an emergency cease-and-desist order to leadinvest.net for not registering with the securities commissioner, among other state violations.

The Israeli Supreme Court issues a temporary injunction forbidding Bank Leumi from closing the bank account of Bits of Gold, a cryptocurrency trading and exchange company.

FEBRUARY 19, 2018

The Israeli Tax Authority announces a plan to classify cryptocurrencies as property rather than currency for tax purposes. The agency looks to impose VAT on ICOs.

FEBRUARY 16, 2018

The SEC suspends trading in three companies involved with cryptocurrency. The SEC’s orders state there are questions regarding the nature of the business operations for Cherubim Interests Inc (CHIT), PDX Partners INC (PDXP) and Victura Construction Group (VICT).

FEBRUARY 12, 2018

The Central Bank of Thailand bans banks from dealing in cryptocurrency, investing or trading cryptocurrency, or offering cryptocurrency exchanges. The central bank noted cryptocurrencies are not legal tender and banned banks from allowing credit cards to be used to purchase digital currencies.

The Russian Ministry of Communications updates ICO licensing rules. New regulations require token issuing organizations to have authorized capital of 100 million rubles, proper licensing and accreditation for issuing tokens.

European Supervisory Authority issues warning to customers of the high risks of ICO investments. The warning is given by the European Securities and Markets Authority (ESMA), European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA).

FEBRUARY 9, 2018

Gibraltar announces there will be forthcoming regulations for initial coin offerings. Gibraltar is the first country in the world to propose ICO rules.

Hong Kong’s Securities and Futures Commission warns investors of the potential risks of dealing with cryptocurrency exchanges and investing in ICOs.

China discusses plans to tighten ICO oversight at the 2018 work conference of the Internet Finance Association.

FEBRUARY 5, 2018

China bans all forms of activity related to digital currencies. The ban is poised to tighten regulations on domestic investors’ participation in oversea transactions.

FEBRUARY 4, 2018

The United Arab Emirates Securities and Commodities Authority (SCA) issues an investor warning about ICO investment and token-based fundraising. The SCA reiterates that it does not offer regulatory protection.

JANUARY 28, 2018

The Philippines’ Securities and Exchange Commission says it will craft rules to regulate cryptocurrencies to protect investors and reduce the risk of fraud.

JANUARY 24, 2018

Lawmakers in Wyoming propose a new bill to exempt blockchain token developers and sellers from securities and money transmission laws.

JANUARY 23, 2018

South Korea announces new rules for local cryptocurrency exchanges. The change in policy ends anonymous cryptocurrency trading and requires transactions to be traceable.

JANUARY 21, 2018

Many of the top banks in India suspend accounts of major bitcoin exchanges, suspecting a large number of dubious transactions. The banks are reportedly seeking additional collateral from exchange promoters and are capping cash withdrawals from accounts that are still operational.

JANUARY 19, 2018

The U.S. Commodity Futures Trading Commission (CFTC) files a federal civil enforcement action against Patrick K. McDonnell and his company CabbageTech Corp, d/b/a Coin Drop Markets. The parties are charged with fraud and misappropriation of cryptocurrency purchases and trading.

JANUARY 18, 2018

The Bermuda Monetary Authority issues a press release regarding the risks of initial coin offerings.

JANUARY 17, 2018

The Israeli Tax Authority publishes a professional circular on the subject of cryptocurrency taxation. The circular details the ISA’s position regarding income tax and VAT liability.

JANUARY 15, 2018

China’s National Internet Finance Association (NIFA) releases a risk alert on disguised ICO activities, including illegal fundraising, illegal issuance of securities and illegal sale of notes and bonds.

Bank Indonesia and the Indonesian National Police partner to prevent cryptocurrency transactions in Bali. The central bank previously declared cryptocurrencies an illegal form of payment and noted they will enforce penalties for non-Rupiah transactions.

JANUARY 10, 2018

The Philippines’ Securities and Exchange Commission release public warning about the risks involved with ICO investing.

Switzerland creates a Blockchain Taskforce to establish an ICO code of conduct and create a framework for companies using blockchain technology.

JANUARY 8, 2018

ICO code of conduct and core values released by the Swiss Crypto Valley Association.

JANUARY 4, 2018

The NASAA cautions investors about ICO and cryptocurrency investment through a press release.

DECEMBER 21, 2017

The Securities and Exchange Commission (SEC) freezes assets of unregistered funds and accuse them of administering a $1.2 billion ponzi scheme by targeting Main Street investors.

Russian Regional Banking Association head, Anatoly, Aksakov, says law will limit investments in ICOs.

DECEMBER 20, 2017

The Reserve Bank of Zimbabwe releases press statement giving warning to investors regarding the use of virtual currencies in Zimbabwe.

DECEMBER 17, 2017

Bitcoin futures begin trading on the world’s largest futures exchange, Chicago Board Options Exchange (Cboe).

DECEMBER 15, 2017

The Financial Conduct Authority (FCA) in the U.K. publishes feedback on its discussion paper on distributed ledger technology. The FCA receives 47 responses from regulated firms, trade associations, tech providers, law firms and consultants.

DECEMBER 11, 2017

The SEC files a cease-and-desist order against Munchee to halt company ICO. The SEC deems tokens to be unregistered securities.

DECEMBER 6, 2017

The Korea Herald reports the South Korea Financial Services Commission has ordered a ban on bitcoin futures trading.

DECEMBER 4, 2017

The SEC files an emergency complaint against PlexCorps to freeze all assets of the from the company’s ICO.

NOVEMBER 30, 2017

Jersey Financial Services Commission (JFSC) releases press statement warning the public about ICO investment.

NOVEMBER 15, 2017

Anguilla announces the AUTO Act (Anguilla Utility Token Act), the world’s first registration process for ICOs.

Financial Conduct Authority (FCA), conduct regulator for 58,000 financial services firms and markets in the UK, publishes consumer warning about the risks of investing in cryptocurrency contracts of differences (CFDs).

NOVEMBER 13, 2017

The European Securities and Markets Authority (ESMA) releases statements on ICOs for investors and firms to warn about associated investment risks.

NOVEMBER 9, 2017

German Federal Financial Supervisory Authority (BaFin) issues consumer warning about the risks of ICO investing.

NOVEMBER 8, 2017

SEC Chairman Jay Clayton gives remarks at the PLI 49th Annual Institute on Securities Regulation in New York. In his speech, Clayton warns ICO tokens may be securities.

NOVEMBER 1, 2017

SEC Division of Enforcement and SEC Office of Compliance Inspections and Examinations release public statement regarding celebrity-backed ICOs.

OCTOBER 27, 2017

New Zealand’s FMA publishes commentary on ICOs and cryptocurrencies. Commentary outlines FMA’s position that digital currencies are considered securities under New Zealand law.

OCTOBER 11, 2017

Bank of Lithuania issues position on virtual currencies and initial coin offerings. Banks and payment institutions are forbidden from supporting virtual currencies and ICOs.

OCTOBER 9, 2017

Abu Dhabi’s Financial Services Regulatory Authority releases a supplementary guidance guide for ICOs and virtual currencies.

SEPTEMBER 29, 2017

Australian Securities & Investments Commission (ASIC) provides guidance for ICOs.

South Korea’s Financial Services Commission (FSC) bans domestic companies and startups from participating in ICOs.

Switzerland publishes guidance on ICO regulation.

SEPTEMBER 27, 2017

The Monetary Authority of Macao bans financial and non-bank payment institutions from offering services for ICOs and cryptocurrencies.

SEPTEMBER 19, 2017

Swiss FINMA closes down coin providers and issues warning about fake cryptocurrencies.

SEPTEMBER 13, 2017

Japan says they will introduce oversight regulations on virtual currency exchanges beginning in October 2017.

Reserve Bank of India (RBI) announces it is looking into cryptocurrencies as legal tender and expresses its discomfort with cryptocurrencies.

SEPTEMBER 12, 2017

The United Kingdom issues consumer warning about the risks associated with ICO investment.

SEPTEMBER 5, 2017

The Hong Kong Securities and Futures Commission (SFC) announces that ICOs are subject to securities laws.

SEPTEMBER 4, 2017

China bans individuals and companies from raising funds through ICOs and bans banks from ICO-related business. ICO companies are ordered to refund money to investors.

SEPTEMBER 3, 2017

Yonhap News Agency reports South Korea’s Financial Services Commission (FSC) is increasing monitoring of cryptocurrency transactions, amongst other new regulations.

AUGUST 24, 2017

Canadian Securities Administrators (CSA) issue a public notice to announce some ICOs will be considered securities under Canadian law.

AUGUST 1, 2017

Monetary Authority of Singapore (MAS) issues A Guide To Digital Token Offerings, offering general guidance about security laws in the country.

JULY 25, 2017

SEC rules DAO tokens are securities and are subject to regulatory scrutiny.

SEC issues alert about ICOs and cautions investors about risks.

JULY 12, 2017

Swiss Financial Market Supervisory Authority (FINMA) gives approval to Falcon Private Bank to manage assets based on blockchain tech.

Financial authorities in South Korea announce permits will be issued to fintech firms to allow international money transfer services in bitcoin.

JULY 2017

Russian newspaper Vedomosti reports Russia is making preparations to legalize ICOs.

JUNE 2017

ICO investment reportedly surpasses early stage venture capital funding for the first time. Total ICO funding reaches over $550 million for the month of June.

JUNE 2016

Hackers steal $55 million of ether through a vulnerability in the DAO code. The DAO eventually fails after being delisted by Kraken and accused of security law violations by the SEC.

MAY 2016

The Decentralized Autonomous Organization (DAO), a type of venture capital fund that was crowdfunded through a token sale, sets a crowdfunding record by raising over $150 million.

JULY 30, 2015

First proposed in late 2013, the Ethereum system goes live with reportedly 11.9 million coins reserved for the crowdsale.

MARCH 2015

Isle of Man begins regulating Bitcoin businesses by amending the Proceeds of Crime Act 2008.

Q4 2015

A partnership between Ethereum, Monetas, MME, and the Zug Economic Development Office leads to the development of the Crypto Valley Association in the Canton of Zug.

JULY 2013

Initial coin offerings are born when Mastercoin launches the first ICO in history.

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