We may have seen one of the most important legal decisions in the short life of cryptocurrencies. The precedent has been set that they can be regulated as securities.
ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.
With its ICO in mid-January, Shipchain is poised to present the transportation industry with a new way of doing business.
The failure of the venture capital sector to catch up to the innovations happening at break-neck speed might speed up its imminent demise with the involvement of blockchain-based start-up companies, claims a leading advocate of initial coin offerings.
