The United States Securities and Exchanges Commission (SEC) has officially sued Canada-based messaging platform, Kik for its ICO in 2017 through which the company raised near $100 from token sales.
Maksim Zaslavskiy, the mastermind behind the first case of fraudulent ICO in the U.S has told a court in the Eastern District of New York (Brooklyn), that he is guilty of the offense.
An ongoing lawsuit between Ripple Labs and investors who labeled XRP as a ‘security’ token, has been moved to a Federal Court according to reports by a financial news agency, Unbnked.
Having become one of the first VFA Class 4 licensed crypto exchanges in ‘blockchain island’ Malta, Bitstraq is now eyeing the introduction of a security token trading platform for its clients.
The U.S Securities and Exchanges Commission has charged and heavily fined, Zachary Coburn, for setting up a digital trading platform that allows traders to buy and sell tokens that have been marked as 'securities’ by the regulators.
South Korea based cryptocurrency exchange, Bithumb has signed a new deal with an American Fintech firm, SeriesOne. According to a local news source, the purpose of the new union is to establish an exchange that is dedicated to trading security tokens.