United States regulators finally could not help it, encrypt the currency and then a shackles

in #utopian-io7 years ago

According to sources, the Securities and Exchange Commission (SEC) has issued a subpoena to require some technology companies and consulting agencies involved in the issue of tokens to provide the appropriate information.

The move means the U.S. administration is stepping up its regulatory pressure on the multi-billion-dollar cryptocurrency financing market. Earlier, the nation's top securities regulator has issued a series of warnings stating that many tokens are for sale, or that the first generation of tokens (ICO) may violate the law.

According to informed sources, the contents of these subpoenas include asking companies to provide pre-sale and sales information of the ICO, at present, the information is no longer within the scope of securities industry public disclosure. Businesses that raise money by issuing tokens can arrange everything from file-sharing technology to pet passports.

A spokesman for the SEC declined to comment.

In 2017, the size of US tokens financing was $ 6.5 billion, a market that continues to be hot despite the plunge in the prices of bitcoin and other cryptocurrencies. According to research and data firm Token Report, so far this year, the amount of financing for such products has more than 1.66 billion US dollars.

In recent months, from the perspective of investor protection, U.S. regulators have repeatedly sent notices to censorship companies and their advisers that the above-mentioned activities violate the securities rules.

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