Dear Steemians,
There has been a lot of fear in the cryptocurrency market in relation to potential tought regulations recently.
In the latest development SEC warned on Wednesday that it is “potentially unlawful” for cryptocurrency exchanges to list initial coin offering (ICO) tokens, as the agency deems many of these ICOs to be unregistered securities offerings.
Bittrex, a cryptocurrency exchange with head office in Seattle, issued a statement saying that it is compliant with federal regulations governing securities trading.
SEC recently announced introduction of rules prohibiting companies from creating trading markets for unregistered securities.
Bittrex says it's review process meets the new rules set by the SEC:
“As a U.S.-based digital currency exchange, Bittrex is committed to incubating new blockchain technology projects and offering innovative, compliant digital tokens to our customers. Bittrex uses a robust digital token review process to ensure the tokens listed on the exchange are compliant with U.S. law and are not considered securities.”
They also responded in a pro-active maner that:
“Bittrex is committed to helping advance the United States’ global leadership in this emerging industry, and we look forward to continuing our proactive dialogue with the SEC and other regulators on how to build a secure, fully-regulated environment for blockchain that encourages innovation and economic growth,”
so please upvote, resteem and comment, the more you give, the more you get back!
