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"According to a blog post from a blockchain-based organization called Protostarr, the company had a recent phone call with the U.S. Securities and Exchange Commission (SEC) and had to shut its token sale operations down. Further, the startup plans to refund its investors by sending the ethereum funds raised back to the original addresses...Protostarr will be the first ICO to shut down shop due to the U.S. regulator’s concerns with these types of investment vehicles."
Read the full article here:
https://goo.gl/EKAy1f
image credit: Bitcoin News