Governments are cracking down on fake token sales

From Howeycoin to a Chinese study that found 421 fake token sales, governments and researchers are finally shedding light on bad actors in the token sale space.

Take, for example, Operation Cryptosweep. According to an North American Securities Administrator’s Association, regulators in the US and Canada are looking into 70 token sales and may be taking action against as many as 35. They write:

NASAA members from more than 40 jurisdictions throughout North America participated in “Operation Cryptosweep,” which to date has resulted in nearly 70 inquiries and investigations and 35 pending or completed enforcement actions related to ICOs or cryptocurrencies since the beginning of May. NASAA members are conducting additional investigations into potentially…

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