A blockchain healthcare company has settled charges with the U.S. Securities and Exchange Commission over an allegedly unregistered ICO that raised $6.3 million, according to a statement on Monday …
They did not actually do anything illegal in particular if considering the lack of regulation and the fac that the Chairman of SEC declared that neirly every ICO ever done in USA was illegal.
‘The New England-based SimplyVital Health, Inc. aimed to create a “healthcare-related blockchain ecosystem,” publicly announcing plans to build its platform through the sale of its Health Cash (HLTH) token in 2017, according to the SEC’s charges. The Commission alleges that the company raised more than $6 million through a pre-sale of its token, offered through a simple agreement for future tokens (SAFT) scheme.’
Read the full article by following the link below: Go to Source
*This Automated News Alert is brought to you by DIGITAL BUSINESS JOURNAL™ alongside top analyses on digital business sector. We are scanning large amounts of data from various business sources and select the most relevant headlines providing the reader with a comprehensive & updated outlook.