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On September 11, 2018, a Brooklyn federal court ruled that the
government’s case against Maksim Zaslavskiy, seller of the
REcoin and Diamond blockchain tokens, could proceed to trial
because a reasonable jury could find that these tokens were
securities.
In this vlog,
Jeffrey Alberts, co-head of Pryor Cashman’s FinTech
Group, explains how securities laws apply to initial coin offerings
(ICOs) and the significance of the court’s decision.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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