TKO: Mayweather-Backed ICO Is a Security, US Judge Says


An initial coin offering (ICO) token promoted by boxing legend Floyd Mayweather is a security, a US district court judge has said. Magistrate Judge Andrea Simonton made this determination in a report related to a class action lawsuit against the operators of Centra Tech, a cryptocurrency startup whose $32 million ICO was shut down by

The post TKO: Mayweather-Backed ICO Is a Security, US Judge Says appeared first on CCN

Posted by Josiah Wilmoth on June 28, 2018 @ https://www.ccn.com/tko-mayweather-backed-ico-is-a-security-us-judge-says/

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