Malaysia Issues Cease and Desist Order to ICO

The Securities Commission Malaysia halts the launch of CopyCash Foundation ICO
10 January 2018   1428

The Securities Commission Malaysia published a statement on January 9 where the officials directed CopyCash Foundation to immediately cease and desist all its proposed activities including a purported plan to launch an Initial Coin Offering (ICO) on 10 January 2018 in Malaysia.

CopyCash Foundation is said to be a social travesting platform which is based on Ethereum’s blockchain. According to its website, the platform allows each transaction data to flow with no additional database or server required without any delay in payments and also payments will not be denied.

In the statement, the Securities Commission Malaysia stated that it found a reasonable likelihood that disclosures in CopyCash Foundation’s white paper and representations to potential investors will contravene relevant requirements under securities laws.

Recently, we have reported that Malaysia’s central bank asks the public to weigh in on measures aimed at solving problems related to cryptocurrencies.

Round 1 of TOP Network IEO Ended in 7 sec

Initial exchange offering took place at Huobi Prime platform
26 March 2019   78

The initial exchange placement (IEO) of the TOP Network project on the Huobi Prime platform that started today attracted no less attention than the similar campaigns on the Binance Launchpad. This is evidenced by the speed with which all the tokens allocated for the first round were purchased.

A number of investors in social networks reported technical problems that prevented the purchase of tokens, which, as in the case of the Binance Launchpad, are likely to be caused by an excessive load on the stock exchange infrastructure during the crowdsale.

The next round starts at 3/26 21:30 UTC+8, despite the fact that users did not use the 20 minutes set aside for trading, TOP Network reports.

For the two following rounds, 450,000,000 TOP and 750,000,000 TOP were allocated, respectively.