SEC fined tZERO cryptocurrency platform
The total amount of the fine for violating the US law was $800 000
12.01.2022 - 08:35
579
1 min
0
What’s new? The US Securities and Exchange Commission (SEC) has fined the tZERO cryptocurrency trading platform. According to the SEC officials, the platform violated the US laws regarding the operation of the alternative trading systems.
News source on the SEC website
What is the essence of the accusations? The SEC believes that the tZERO security token trading platform has failed to fully disclose information about the use of the trading data outside the US. The court proceedings resulted in a hefty fine of $800 000. The tZERO did not deny the SEC's accusations and agreed to pay the fine and rectify the irregularities in the platform's operations.
It should be noted that earlier the SEC head Gary Gensler called for creating an “environment of trust” in the cryptocurrency market, comparing the current situation to the “Free Banking Era” in the Wild West from 1837 to 1863.
Useful material?
Telegram 
Twitter Market
Digital assets have made it easier to conduct transactions in the face of sanctions
Dec 25, 2024
Mining
The restrictions are designed to maintain the balance of energy consumption, taking into account the demands of the industry
Dec 24, 2024
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Cryptocurrency rates
-
Bitcoin
$95 593
BTC
-2.48%
-
Ethereum
$3 361.78
ETH
-3.27%
-
Ripple
$2.17
XRP
-4.64%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.315837
DOGE
-4.6%
-
Cardano
$0.870081
ADA
-4.56%
-
Stellar XLM
$0.359528
XLM
-6.36%
-
Polkadot
$7.03
DOT
-5.34%
-
Bitcoin Cash
$440.07
BCH
-5.27%
-
Litecoin
$103.76
LTC
-4.47%