In what may be an industry first, open-source computing platform Blockstack has just been granted regulatory approval by the US Securities and Exchange Commission to conduct a token offering. This is the first time the industry will be seeing a token offering which will be subjected to the same scrutiny that conventional public offers in the stock market receive from the financial market regulator. This offering will be done under a Regulation A+ funding format, enabling the company to raise up to $50million in investment. This marks the beginning of a new era for blockchain companies, as the SEC has by this move, shown its willingness to work with blockchain startups that are ready to come under its regulations when performing fundraisers using initial offers.Don’t miss a beat! Follow us on Twitter.
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