Galvin takes hard stance on initial coin offerings in Massachusetts

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WILLIAM F. GALVIN, Massachusetts secretary of the commonwealth, is taking a hard stance on policing initial coin offerings in the state, as the system for raising funds through the sale of tradable digital coins has become a target for scam artists. / COURTESY MASSACHUSETTS SECRETARY OF THE COMMONWEALTH
WILLIAM F. GALVIN, Massachusetts secretary of the commonwealth, is taking a hard stance on policing initial coin offerings in the state, as the system for raising funds through the sale of tradable digital coins has become a target for scam artists. / COURTESY MASSACHUSETTS SECRETARY OF THE COMMONWEALTH
PROVIDENCE – Massachusetts regulators are taking a hard stance on the policing of initial coin offerings in the Bay State. William F. Galvin, secretary of the commonwealth, announced this month his Securities Division would begin a sweep of Massachusetts-based entities that are raising money via initial coin offerings. “Blockchain may or may not change the…

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