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December 12, 2017 02:24 pm GMT

SEC shuts down Munchee ICO

In what should be an interesting beginning to the coming avalanche of ICO failures, the SEC has come down hard on Munchee, a company that built a $15 million token sale. The SEC chairman recently noted that coin offerings are, in fact, securities and that pre-sale participants must be registered with the SEC. The Munchee ICO aimed to fund the MUN coin, a payment system for restaurant reviews.… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xMZEZz3QJao/

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