Despite China’s ban on initial coin offerings, Joshua Ashley Klayman believes the halt may only be temporary. And with the U.S., Canada, and Singapore all delivering regulations, the increased clarity is likely to have a positive effect.
“I would not be surprised to see China later coming out with some guidance on what may be a compliant token sale,” she said in the Law360 article “China Bans Initial Coin Offerings As Global Oversight Grows.”
She continued: “As more jurisdictions weigh in you are going to have a potentially more sustainable token sale market and one where it’s a safer place for investors.”
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