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Cryptoassets & Blockchain Legal News

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United States

SEC purge continues – OTC Trading for Bitcoin Firm halted

August 28, 2017 by Beatrice OZANNE

An order to temporarily halt trading for a publicly listed bitcoin exchange company has been issued by the U.S. Securities and Exchange Commission (SEC).

The announcement of the suspension of trading on American Security Resources Corp. (ARSC)has been made on August 24 and will be in effect until September 8, 2017. The SEC has cited questions over the information featured in the company’s press releases concerning the firm’s adoption of bitcoin technology and transition into the cryptocurrency market as a reason for its decision.

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