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ICOs face regulatory scrutiny in a growing number of countries

BTC Keychain / Flickr CC

Initial coin offerings, or ICOs, have quickly become a popular alternative to traditional venture capital and project financing, but a growing number of regulators are pumping the brakes. Here's a country-by-country breakdown:

United States: In July, the Securities & Exchange Commission warned that organizations offering or selling digital assets using blockchains or distributed ledgers may be subject to securities laws, depending on the circumstances.

China: The Chinese government banned ICOs on Monday. The government committee, led by China's central bank, also issued a list of 60 exchanges that it will investigate, although some have already halted their ICO trades.