The SEC just dealt a big blow to the hottest trend in cryptocurrencies - but Asia is cheering

Thomson Reuters Initial coin offerings, the hot blockchain-based investing trend, are set to face increased scrutiny following an announcement by the US Securities and Exchange Commission. But ICO enthusiasts in Asia think the news could be good for them. As reported by Business Insider's Rob Price, the SEC said on Tuesday that initial coin offerings (ICOs), in some cases, can be considered securities; and as such will be required to subscribe to the necessary regulations. ICO participants inves...