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Philippines Securities Regulator Orders Halt to ICO


Kargai

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We have lots of pinoy/pinay players here so maybe one of you have hear about that news or will know more about it ;)

The Philippines Securities and Exchange Commission filed a cease-and-desist order against four companies and an operator running an initial coin offering (ICO), citing securities registration regulations, a newly released document reveals.

The targets are four affiliated companies : Black Cell Technology Inc., Black Sands Capital Inc., Black Cell Technology Limited and Krops – as operators of the KropCoin token sale (token based on the Ethereum blockchain). And especially Joseph Calata, who is the founder of all of them.

Source : https://www.coindesk.com/philippines-securities-regulator-orders-halt-ico/

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