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Big Brother is tightening its grip on ICOs

Retrieved on: 2018-03-06 05:33:45

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<div>"Generally, under existing regulations and interpretations, a developer that sells convertible <b>virtual currency</b>, including in the form of ICO coins or tokens, in exchange for another type of value that substitutes for currency is a money transmitter and must comply with AML/CFT requirements," the letter said.</div>

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