SEC Orders Blockone to Pay $24 Million Fine for Unregistered ICO

The post SEC Orders Blockone to Pay $24 Million Fine for Unregistered ICO written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics

The US Securities and Exchange Commission (SEC)  has settled with blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year.  The company agreed to settle the charges by paying a $24 million civil penalty. This is peanuts considering […]

The post SEC Orders Blockone to Pay $24 Million Fine for Unregistered ICO written by Richard Kastelein appeared first on Blockchain News – Blockchain News and Opinion – Tokenomics, Cryptoeconomics

Original source: https://www.the-blockchain.com/2019/10/02/sec-orders-blockone-to-pay-24-million-fine-for-unregistered-ico/

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