The United States Commission to cancel the listed bitcoin Trading Company

The United States Commission to cancel the listed bitcoin Trading Company

The United States Commission (SEC, SecuritiesandExchangeCommission) to suspend the listing of bitcoin FirstBitcoinCapital stock trading company.

SEC said the U.S. Eastern time on August 24th at 9:30 in the morning to suspend trading, at least until 11:59 in the afternoon of September 7th. FirstBitcoinCapital shares (Stock Code: BITCF) OTC, according to Bloomberg data before the suspension of trading in a single price is $1.79.

SEC said the reason for the suspension is because the information released by the FirstBitcoinCapital, and the company claimed to hold the value of the assets.

The suspension notice said:

The securities and Exchange Commission to suspend BITCF because of concerns about accuracy and adequacy of the relevant public information, including the BITCF asset value and its capital structure. The instruction on the basis of the Securities Exchange Act of twelfth (ExchangeAct) (k) content”.

The Canadian company website showed multiple encryption currency related business types, including bitcoin exchange and ATM network. FirstBitcoinCapital did not immediately comment.

This is the second encrypted currency related projects this month the Commission suspended.

CoinDesk reported that the Commission suspended the OTC companies trading in CIAOGroup, because of the upcoming ICO news caused concern to the agency.

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