From Bitcoin to Blockchain: Solving the Regulatory Cryptogram
Around 18 months ago, most people were still working out what blockchain was and what it meant for their businesses. Roll forward to today, and
Search Results for: Initial Coin Offerings (ICOs)
Carey Olsen Advises On Latest GNY.IO Coin Offering Launch
Carey Olsen’s corporate team in Jersey has acted on the launch of the GNY Token by GNY.IO Limited – one of the first initial coin offerings (ICOs)
Carey Olsen assists CoinShares on successor to groundbreaking ICO fund
Carey Olsen’s investment funds team in Jersey is pleased to have advised CoinShares Group on the successful first close of CoinShares Fund II. The new investment vehicle follows the June 2017 launch of
Navigating the Choppy Waters of Equity Tokens
By partner Nick Moore and trainee Miles Higgins in London at global law firm Morgan Lewis Cryptoassets continue to attract significant and growing attention from
Kaspersky Lab Finds One in Ten People Now Use Cryptocurrency
Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky
Digital Assets and Why We Need Them
The US equity market is one of the most regulated and valuable in the world, but dependant on only a handful of players, which if
Cryptocurrency Bitesize: Global Blockchain Review
European Commission statement on regulating virtual currencies and ICOs On 13 November 2018, the EC published a statement by Valdis Dombovskis, its vice-president, at a
Setting the Rules of the Crypto Assets Game
Helen Disney explains the need for regulations to cover the different activities and jurisdictions for crypto assets. For the industry to develop a set of
Mash Announces 50 Million Euro Equity Round and Launch of Europe’s First Security Token Offering
Mash Group Plc, a Finnish FinTech company specialising in consumer lending and pay later solutions , has announced that pre-registration has begun for a Securitised Token offering (STO). Mash is partnering with DLA Piper, Trust and Token to offer professional investors the means to participate in the current equity round using both crypto and fiat currency. Deloitte has been selected to provide AML and KYC services. The whitelisting process will begin in October with the round closing in December 2018. The STO is part of Mash’s broader EUR 50 million equity round. Security tokens are not the same as utility tokens, as have been issued in a number of recent initial coin offerings (ICOs). The Mash security tokens are backed by assets and token holders would have voting rights and dividend rights of the company issuing the token. “Security Tokens by definition are securities”, says Mash CEO James Hickson. “As such, they are subject to securities regulation and oversight. We are working closely with our partners to ensure we are fully compliant with security laws and regulations on a platform that can manage the process of issuance and management through the lifecycle of the asset. The STO is only open to professional investors, with each token having the same voting and dividend rights as one ordinary share of Mash.” Founded in 2007, Mash offers consumer credit, as well as “pay-later” solutions for retailers in store and online. The group is present in Finland, Sweden, Poland, Luxembourg and Spain. “We continue to look for ways to innovate. When we considered how to approach our equity round,
Cryptocurrencies – An Accountant’s View
Interview with Paul Twydell, Director and Jon Dawson, Senior Manager at haysmacintyre Tell us about your background. PT: I am a chartered accountant, chartered tax
