EXMO exchange decided to abandon the investors ' money and canceled the ICO.

The crypto currency exchange has decided not to hold tocancel. Representatives of EXMO say that their own resources are enough for all product plans of the company.

"Yes, true. There are no plans to hold an ICO in the future, but we do not exclude private placement," Maria Stankevich, communications director, commented on the news.

Previously, the funds received from investors were planned to be used for the formation of an insurance fund for margin loans and obtaining the necessary licenses.

"The stable positive dynamics of all financial indicators and the significant growth of the number of users of the platform allow to fully ensure the implementation of the business plan for the launch of new products and services from own funds," said one of the founders of the exchange Ivan Petukhovsky.

At the same time, the representatives of the platform have some issues to the strict regulation of the primary coin placement industry, which can result in significant risks for investors.

I remind you that earlier in the network began to appear messages that the crypto platform registered in the UK, blocked unverified accounts of some customers due to "suspicious activity". However, EXMO stated that it does not block unverified customer accounts, but acts in accordance with the AML policy. It assumes a mandatory request for user verification in case of suspicion of hacking.

If you are not already registered on the very reliable EXMO cryptocurrency exchange, welcome! https://clck.ru/DeJe6