TOINNOV - Breaking Blockchain, Crypto & ICO News

learn more
more than 10 000 people every month reads TOINNOV learn more




TOP STORIES
Yuri Morozov, founder of Bubbletone Blockchain for Telecom: "With the help of the blockchain, we can change the entire global ecosystem of telecommunications"

An interview with Bubbletone Blockchain for Telecom founder, Yuri Morozov, whose company aims to rev...



Regulator of Hong Kong suspended the release of ICO from Black Cell



Representatives of the company agreed to refund money to investors from Hong Kong.



22.Mar.18 3:39 AM
By Anna Bezrukova
Photo INNOV.RU

   57

Regulator of Hong Kong suspended the release of ICO from Black Cell

The Securities and Futures Commission in Hong Kong (SFC) stopped the issue of ICO Black Cell Technology Limited. In this case, the company will return the invested funds to investors.

It is reported that the SFC of Hong Kong was ordered to Black Cell to terminate its ICO proposals for investors located in the autonomous territory of China. The regulator was concerned that the company was involved in unauthorized advertising activities and illegal regulated activities.

According to the SFC, representatives of the company agree to the termination of ICO transactions for investors from Hong Kong and return the relevant tokens that they have contributed. Also, to resolve potential problems, Black Cell undertook not to develop and implement an algorithm, the essence of which is the collective investment. The only exception would be the schemes that do not contradict the Regulations on Securities and Futures.




Back to the list


Related Information: