Friday, 15 November 2019
Three cryptocurrency startups have missed deadlines to refund investors who participated in their illegal digital token sales, the Wall Street Journal (WSJ) reports. The companies, which raised a combined $40 million during 2017’s cryptocurrency bull run, agreed on the deadlines as part of their settlements with the US Securities and Exchange Commission (SEC). As a result, they were given reduced fines. Airfox, which offers mobile banking services in developing countries, and Paragon Coin Inc, which applies blockchain tech to the cannabis industry, both agreed to pay $250,000 each after settling with the SEC in November last year. Gladius Network LLC,…
This story continues at The Next Web
