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The American startup closes after a call from the US Securities and Exchange Commission



All the funds raised by crowdsale money had to be returned.



06.Sep.17 12:17 AM
By Shawn Highstraw
Photo Toinnov.com

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The American startup closes after a call from the US Securities and Exchange Commission
The issue of ICO regulation in different countries of the world remains relevant in recent weeks. In many states, the authorities have not yet managed to take an unambiguous position concerning the primary location of the tokens. For this reason, many projects feel insecure, especially after reports in the media about the termination of some start-ups.

So, the publication bits.Media announces the termination of crowd-hosting of tokens by the Protostar project after a call from the US Securities and Exchange Commission. After the agency showed interest in the startup, which managed to attract investments corresponding to the sum of 45 thousand dollars, the organizers decided to stop their activities. Esters received during crowdsale, the company will return to investors. Lawyers gave the corresponding project team.

It is worth noting that due to legislative gaps, many ICOs do not know whether the US department will consider their securities token projects as securities.



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