Crypto Exchange Bittrex: We’re Compliant With SEC’s ICO Rules

It's nice to see some of the exchanges coming out like Bittrex and announcing that they'll comply with the SEC...Look the SEC is here to help, so we don't deal with scam ICOs or awful unregulated exchanges. We need some regulations so this market can stabilize and grow. I'm clipping some quotes from the CCN article about it...Enjoy the knoledge!

The exchange, which is headquartered in Seattle, issued a statement on Wednesday assuring its customers that its token review process is compliant with rules that prohibit companies from creating trading markets for unregistered securities.

Bittrex said:

“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.”

The statement was a direct response to an announcement published by the Securities and Exchange Commission (SEC) — also released on Wednesday — that warned 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 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,” the firm concluded.

Let's see how other exchanges react in the coming weeks and months...Have a great weekend!

CCN
LINKS to our Coin Boys Podcast
SoundCloud
iTunes
Follow me here @producerbtw