15 May 2018
The new digital asset law is intended to supervise retail investors and promote roles, as well as responsibilities of related businesses. All sections under the law require companies selling digital token or issuing initial coin offering (ICO) to comply with the SEC rules and regulations, including their information disseminated to investors and qualifications of their directors and executives. In addition, businesses are required to submit their operating performance and financial position reports to the SEC. Failure to comply with the regulatory requirement may result in criminal and civil charges.
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