Request for Comments on the Updated Proposed Rules on Initial Coin Offering (ICO)

December 27, 2018SEC MSRDTO:Banks, Investment Houses, Investing Public and All Interested Parties   FOR:Request for Comments on the Updated Proposed Rules on Initial Coin Offering (ICO)NOTICEConsidering the enhanced interest in the proposed rules, the Securities and Exchange Commission resolved to subject the Proposed Rules on Initial Coin Offering to a second round of public consultation. Hence, the Commission is inviting banks, investment houses, the investing public and other interested parties to submit their views, comments and inputs to the said proposed rules or guidelines which are revised based on the comments received during the previous round of public consultation.The draft SEC Memorandum Circular is hereto attached for your reference.Commenters may submit, not later than 15 January 2019, their views, comments and inputs by email to [email protected], [email protected] and [email protected].Issued on December 27, 2018.ATTACHMENTSEC MEMORANDUM CIRCULAR NO. ___Series of 2018SUBJECT: RULES ON INITIAL COIN OFFERING (ICO)NOTICEIn recognition of the recent financial innovation of raising funds for a venture or business using internet platforms, the Commission formulated rules on initial coin offering in accordance with...