International Cooperation ‘Critical’ to Bringing Illegal ICOs to Justice

International cooperation is essential for eradicating ICO fraud, said Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division. Peikin made the remarks during a December 3 speech at Harvard Law School’s Program on International Financial Systems, where he discussed the astonishing growth of the ICO market.

“The sponsors of ICOs are, in many instances, located outside the United States,” Peikin said. “And international cooperation is critical to our ability to investigate and, where appropriate, recommend that the Commission bring enforcement action.”

Reference: https://www.ccn.com/international-cooperation-critical-to-bringing-illegal-icos-to-justice-sec/

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