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Seems like InsureX would want this achilles issue solved to be AML compliant?

Making Sense of ICOs #4: The Achilles of the ICO

July 27, 2017 by Ric Merrifield 1 Comment

If you are still new to blockchain, cryptocurrencies, and ICOs, in addition to the three previous posts on this subject – there are four new valuable things we have uncovered in our ramp to getting ready for our own token sale at AuthenticID.

The 101 video: If you don’t know what a hash, or a block, or a token is yet – you have to watch this https://www.youtube.com/watch?v=_160oMzblY8 – it’s by Anders Brownworth and he does a great job The book. If you haven’t yet read The Business Blockchain, but William Mougayar, it is a must.  It jumps right in, so if you don’t have the 101, it will be slow going.  He really gets into things in his chapter 1 where he talks about what the internet is, and isn’t and then builds on that to get into the ten properties of the blockchain and why blockchain is so key. The Model: Recently the Securities and Exchange Commission (SEC) came out with some statements about where cryptocurrencies fall in terms of whether they are a security and someone shared this incredibly helpful link with guidelines on how to launch an ICO and how to be aligned with the SEC. https://www.coinbase.com/legal/securities-law-framework.pdf The Guidance. We talked with the team at CoinPit who are doing their own ICO and got some great feedback on how to think about an ICO – and he basically said if you are a startup with an idea, you should be raising a small amount of money, but if you are an established company that can be a real game changer in blockchain and cryptocurrencies – as we think AuthenticID is with Identity Trust Scores and true identity authentication, it is important to lay out how that is going to become a multi-billion dollar business and why our roadmap calls for more than $50 million in additional investment.

So what’s the missing piece of this puzzle?  What could possibly go wrong if you follow all of this gu...

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