Yahoo Finance and Decrypt claims that Hundreds of startups that did token sales are finding out theyre in violation of securities law including many that were sure they did it the right way.
i remember last year that the ICO hype was heated i said that it is illegal in many countries to do this kind of fund raising and initial token offering by selling virtual tokens but some people didn't believe me and they were confused about the ICO bans that were happening!
this is what i meant. they have always been illegal but apparently people don't mind it yet.