Three cryptocurrency startups have missed deadlines to refund investors who participated in their illegal digital token sales, the Wall Street Journal (WSJ) reports. The companies, which raised a combined $40 million during 2017’s cryptocurrency bull run, agreed on the deadlines as part of their settlements with the US Securities and Exchange Commission (SEC). As a result, they were given reduced fines. Airfox, which offers mobile banking services in developing countries, and Paragon Coin Inc, which applies blockchain tech to the cannabis industry, both agreed to pay $250,000 each after settling with the SEC in November last year. Gladius Network LLC,…
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source https://thenextweb.com/hardfork/2019/11/15/3-cryptocurrency-startups-miss-sec-deadlines-to-repay-millions-of-dollars-report/
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