That is a business license that regulates
cryptocurrency activities of both companies and individuals.
Not exact matches
Revolut launched
cryptocurrency trading through its app at the end
of 2017 and Storonsky said the
company saw an uptick in
activity but it has since trailed off as the price
of bitcoin has fallen.
The U.S. Securities and Exchange Commission is investigating trading
activity in shares
of Longfin, a tiny stock that surged astronomically in December after the firm announced a
cryptocurrency - related acquisition, the
company disclosed late Monday.
The CEO
of Nasdaq Inc. states the
company is open to listing
cryptocurrencies and has tapped US - based
cryptocurrency exchange Gemini to use its SMARTS surveillance technology, which monitors real - time
activity and raises alerts with operators when it discovers unusual trading patterns.
«FINRA is issuing this Alert to warn investors to be cautious when considering the purchase
of shares
of companies that tout the potential
of high returns associated with
cryptocurrency - related
activities without the business fundamentals and transparent financial reporting to back up such claims.»
«We have decided to prevent the exposure
of passive investors to
companies whose main
activity is in
cryptocurrencies.
The announcement sent the
company's share price soaring but towards the end
of December, after the warnings from then ISA chief Shmuel Hauser on investment in
companies making announcements about entering
cryptocurrency activity, Fantasy Network's share price sank, and it was down 60 % by the end
of the quarter.
The stream
of companies reporting that they were entering
cryptocurrency activity did not stop there
of course.
While GBI reportedly advertised itself as the «world's largest and most advanced
cryptocurrencies exchange,» the
company's bitcoin address allegedly shows «no bitcoin trading
activity at all after early July 2015, and a bitcoin balance
of zero beginning in early August 2015.»
Ted Livingston, Founder and CEO
of Kik, discusses how everyday digital
activities are increasingly controlled by fewer and fewer
companies, and announces a new
cryptocurrency — Kin — to support a more open and decentralized Internet ecosystem.
In August 2017, the SEC issued 10 - day suspension orders in shares
of four
companies due to concerns relating to public statements about their
cryptocurrency activities and ICOs.
The actual
company is not named, but the rise
of hackers»
activity coincides with the security breach on Bitfinex
cryptocurrency exchange on 2 August resulted in a theft
of bitcoins worth over $ 60 mln.
The SEC has come down on several
companies recently, suspending the
activities of some due to unclear associations with
cryptocurrency and crypto business.
Mailchimp reiterated its updated Acceptable Use Policy, which states that the
company «does not allow businesses involved in any aspect
of the sale, transaction, exchange, storage, marketing, or production
of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use MailChimp to facilitate or support any
of those
activities.»
Forward - looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements
of the
Company to be materially different from those expressed or implied by such forward - looking information, including but not limited to: risks related to changes in
cryptocurrency prices; the estimation
of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to
cryptocurrencies and ICO's; risks related to potential conflicts
of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development
of the
Company's business plan may not be available on satisfactory terms, or at all; the risk
of potential dilution through the issuance
of additional common shares
of the
Company; the risk
of litigation.