BitMEX will begin to verify users

BitMEX will begin to verify users

Cryptocurrency News

The popular cryptocurrency derivatives exchange BitMEX announced that on August 28, a user verification program will be launched on the site. According to an article in the company’s blog, users will be required to provide documents proving their identity and place of residence. Exchange clients will have 6 months to complete the verification procedures. The article says: “Retail customers will need to upload a passport photo and proof of address, take a selfie and answer…

SEC fined startup Boontech $ 150,000 for fraud and illegal ICO

SEC fined startup Boontech $ 150,000 for fraud and illegal ICO

Cryptocurrency News

The US Securities and Exchange Commission (SEC) fined cryptocurrency startup Boontech $ 150,000 for providing false information to investors and conducting an unregistered ICO. According to the SEC, between November 2017 and January 2018, Boontech sold $ 5 million worth of Boon Coins. More than 1,500 American investors took part in the token sale. The Commission accused Boontech co-founder Rajesh Pavithran of selling unregistered securities and defrauding investors. According to the SEC, Pavitran provided false…