May 17, 2024

Poloniex will pay a fine of the Commission on securities and securities of $ 10 million

The U.S. Securities and Exchange Committee (SEC) has awarded $10 million to Poloniex for a $10 million "non-registration"Online Exchange of Digital Assets ”. B Poloniex agreed to pay the fine without accepting or deviating from the Commission's prescription for securities and securities.

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Established in 2014, Poloniex wasAcquired by Circle in 2018 for $ 400 million.By the end of 2019, it was spun off from the company, forming a new company under the name Polo Digital Assets. Then she was acquired by the concoptium, which is headed by the founder of Tron, Jactin Can.

SEC actions are sent to the sales deadline from July 2017 to November 2019. The regulator confirms that the stock exchange sold digital assets, which were securities.

The docs also state that the stock exchange planned to aggressively add new tokens, even those that could be considered valuable papers.

"Poloniex chose to increase profit, and not to comply with federal laws on securities", - said the head of the cybersecurity department of the SEC Kristina Littman.

 

"Poloniex tried to bypass the mode of regulation of the Commission for securities and stocks, which is applicable to any market, regardless of the technology used".

In July, the Circle announced in a report that the company had postponed more than $ 10 million, awaiting the SEC's bidding. In March, the organization proposed to regulate the deal for $ 10.4 million.

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