The U.S. Securities and Exchange Commission suspended the trading of UBI Blockchain firm’s stock, based in Hong Kong. The stock will remain frozen until 22nd January as stated by a U.S. regulator. The agency addressed that “trading is suspended because of questions regarding the accuracy of assertions and concern over recent, unusual and unexplained market activity in company’s common stock”.
The Securities Commission, Malaysia is intended to question a foundation registered in Singapore in Malaysia and the launch of Initial Coin Offerings (ICO). It is referred as the CopyCashCoin (CCC) which is planned to come into force on January 10 as reported to the media. It quoted “the public are also reminded to seek legal advice if they are in doubt about the applicable legal requirements”.