The numbers compiled by crypto-currency research firm Smith + Crown show how national regulators’ attempts to curb coin sales may just shift business elsewhere. Soaring registrations in “friendly” jurisdictions show how hard it is for national watchdogs to regulate digital coin sales. Financial regulators from South Korea and China were not immediately available for comment. Typically, issuers publish a “white paper” describing their business plan and the news of new coin sales spread via online forums and websites tracking new offers. Hogan Lovell’s Cohen said that while it would be foolish to shut token sales down, they should be regulated, or self-regulated.

Source: The Express Tribune November 28, 2017 09:56 UTC