US - The ICO TKO? Authorities come out swinging in the latest round of enforcement and regulatory guidance on crypto assets

As the original cryptocurrency, Bitcoin was created to be a radical alternative to the existing international payments system, where a ‘trusted intermediary’ was replaced by a decentralized network of users. However, as its popularity has grown and the market for cryptocurrency has expanded to include more than 2,300[1] different virtual currencies exchanged around the world, the objective of decentralization is becoming increasingly incompatible with systems of regulation that are designed to