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Quantstamp Settles Charges with SEC Over $28 Million ICO!

July 26, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Writer: Mustafa Mulla Jul 26, 2023 19:38

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Quantstamp, a blockchain safety agency, has settled with the US Securities and Change Fee (SEC) over fees associated to its $28 million preliminary coin providing (ICO) in 2019. The SEC alleged that Quantstamp violated securities legal guidelines by conducting an unregistered providing of securities. The corporate agreed to pay a $250,000 penalty, and also will return funds to its traders and register its tokens as securities. The SEC famous that Quantstamp cooperated with the investigation, which finally led to a settlement. That is the most recent in a collection of regulatory actions towards ICOs and different crypto-related choices by the SEC.

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Tags: chargesICOMillionQuantstampSECSettles
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