The Securities Exchange Commission (SEC) has issued fresh guidelines that require ICOs to register with the regulatory body where failure to comply will attract fines.

SEC categorized tokens issued through ICOs as securities hence have to be registered with the regulatory body. Additionally, it stated that all investment firms dealing with cryptocurrencies would be treated as hedge funds and the relevant policies applied to them.

The harsh stand on ICOs by the SEC has attracted investors from other countries and few from the US.

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