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Can I raise money through an initial coin offering (ICO) without violating securities laws in Maryland? What are the requirements?

Based on the documents provided, it is important to note that Maryland has taken action against companies involved in fraudulent initial coin offerings (ICOs) [2][4]. The Securities and Exchange Commission (SEC) has also expressed concern about ICOs evading registration requirements [5].

To answer your question, it is important to comply with securities laws when raising money through an ICO in Maryland. This includes registering the ICO or qualifying for an exemption from registration requirements [5].

The specific requirements for compliance with securities laws in Maryland may vary depending on the nature of the ICO and the parties involved. It is recommended that you consult with a legal professional familiar with securities laws in Maryland to ensure compliance.

In summary, raising money through an ICO in Maryland without violating securities laws requires compliance with registration requirements or qualifying for an exemption. It is recommended to consult with a legal professional for specific requirements.

References:

  • [2]: ADMINISTRATIVE PROCEEDING BEFORE THE SECURITIES …
  • [4]: Securities Division Bars Maryland Cryptocurrency Company and Its …
  • [5]: VIRTUAL CURRENCIES: THE OVERSIGHT ROLE OF THE U.S. …
Source(s):
Jurisdiction

Maryland