Blockchain technology company Block.one has agreed to settle charges with the Securities and Exchange Commission and pay a $24 million civil penalty for conducting an unregistered initial coin offering (ICO) of digital tokens that raised the equivalent of several billion dollars over approximately one year.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...