Israeli Regulator Designates Utility Tokens Issued by Companies as Securities

Israeli Regulator Designates Utility Tokens Issued by Companies as SecuritiesThe Israel Securities Authority (ISA) recently ruled that utility tokens issued by companies are securities and, therefore, cannot be classified as assets. The ISA’s decision comes after Israeli tech startup Kirobo sought to convince the regulator that its planned token issuance did not amount to a security offering. Token Value Growth However, in response to […]

The post Israeli Regulator Designates Utility Tokens Issued by Companies as Securities appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund

Grayscale Investments Clears Out XRP in Its Digital Large Cap FundGrayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more gloom for […]

The post Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico