The Securities and Exchange Commission (SEC), the Capital Markets Board of the USA, made a flash decision recently and announced that ICOs will be subject to regulation.
According to Cointelegraph’s report, the SEC’s This decision has panicked investors planning to launch an ICO.. Prospective project developers plan to move to Asia. This has excited many ICO investors and companies in the region.
According to Sebastian Quinn-Watson, an advisor to Bitcoin mining company Blockchain Global Limited, Asian-based advisors and investors are applauding the SEC’s decision:
“Asia-based advisors and investors were overjoyed after the SEC’s decision. We have Chinese and Singaporean investors ready and willing to invest more money to attract talented founders and companies to Asia.”
The latest in cryptocurrency activity in Asia
There is a company called Eximchain, which has already developed an Ethereum-based project in the region and plans to launch a multi-million dollar ICO.
According to the company’s CEO, Hope Lui, ICOs that will be launched in the region, especially in China, are close The Chinese central bank, on the other hand, has announced that it will launch its own cryptocurrency in the near future. prepared a project called Project Ubin, which aims to. As part of the project, central banks will be able to handle cross-border transactions in real time using technology.
According to Quinn-Watson, the first impact of the project will be the increase in the number of US Blockchain companies that will launch their ICOs in the region.
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