Initial coin offerings (ICOs) became a popular crowdfunding model in 2017 – when cryptocurrency prices reached their all-time highs. Although most ICO projects have failed so far in being able to deliver working products and/or services and many have been outright scams, there are a few blockchain-based ICO initiatives that are developing promising platforms.

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US regulator the Securities and Exchange Commission (SEC) repeated calls for ICO token issuers to comply with securities laws November 16 as it enforced penalties against Paragon and AirFox.

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