SEC: ICO under securities offerings and insists on registration

SEC ICO under securities offerings and insists on registration

Recently, the Securities and Exchange Commission (SEC) slashed $250,000 fine against the Airfox and Paragon Coin Inc for carrying out unregistered ICOs. They were ordered to compensate their investors and register under the respective act. In a recent statement, the SEC expressed support to the emerging technologies. It classified ICO’s under securities offerings subject to registration.

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