SEC amended regulations regarding ICO Governance and advertising to enhance investor confidence and ensure necessary information is provided. Key points include check and balance mechanisms, token holder resolutions, and advertising compliance.
The Securities and Exchange Commission (SEC) has amended the regulations regarding the governance of the issuer of initial coin offering (ICO Governance) to enhance confidence in both fundraising and investment through ICOs.
In addition, the regulations governing ICO advertising have been revised to ensure that investors receive necessary information for making investment decisions. The amended regulations in both matters have become effective from 16 April 2024 onwards.
Earlier, the SEC Board passed a resolution approving in principle the proposed regulations related to ICO Governance, which aim to ensure adequate and appropriate mechanisms for…
