-
CRYPTO MINING BLOG - 2 Comments So far
Crypto News
The SEC warned about the risks of investing in IEO
The US Securities and Exchange Commission (SEC) believes that many initial public offerings (IEOs) are held in violation of federal securities laws. The agency warned investors about the high risks associated with participation in such campaigns.
The SEC emphasized that unregulated exchanges cannot provide the proper level of protection for investors.
To conduct IEO in the United States, a marketplace must register itself as a national stock exchange or alternative trading system (ATS) if the coin offered on it is a security. Also, such exchanges may need a broker-dealer license.
The SEC warned that they did not issue a single permit to conduct IEO. Investors were encouraged to monitor the availability of necessary licenses if a foreign platform offers coins to US residents.
Recommended Related Articles:
Read more:
China’s investment in blockchain in 2019 decreased by 40% 
Morningstar first valued security on Ethereum blockchain 
Tom Lee believes that bitcoin has embarked on a steady growth path 
Bakkt began to use bitcoin calculations more often, but they didn’t remember about options for a week 
Chainalysis: the demand for bitcoin in the darknet continued to grow in 2019 
0x Developers Launch Liquidity Aggregation Tool for Decentralized Exchanges 
Cryptocurrency and mining news (01/17/2020) 
Binance exchange has expanded its list of supported fiat currencies 
Cryptocurrency Supervision Will Enter One of SEC’s Priority Areas in 2020 
Donald Trump spoke for the first time about Bitcoin and Libra
2 Comments So far