The US Securities and Exchange Commission canceled the transaction of listed companies

nnnRush when comment: the company listed in the United States is very strict standards, the disclosure of information requirements are high. So in the laws and regulations are not perfect in the field of encrypted money, only this month, the United States there are two related listed companies by the Securities and Futures Commission to suspend the stock trading. The reason for this is that the information is not transparent enough and the value of the company’s assets can not be confirmed.n
nnTranslation: Annie_Xun
nUS Securities and Exchange Commission (SEC), the Securities and Exchange Commission suspended the listing of Bitcoin Capital.n
nSEC said that the United States Eastern time on August 24 at 9:30 am to suspend the transaction, at least until September 7 11:59 pm. First Bitcoin Capital’s stock (stock code: BITCF) was OTC, and Bloomberg data showed a single price of $ 1.79 before the suspension.n
nThe SEC said the reason was due to the information released by First Bitcoin Capital and the value of the assets the company claims to hold.n
nSuspension notice said:n
nn”The suspension of BITCF securities by the SFC is due to concerns about the accuracy and adequacy of the Company’s relevant disclosures, including the BITCF Assets Value and its capital structure, which is based on Section 12 (k) of the Exchange Act.”n
nnThe Canadian company’s website shows a number of encrypted currency-related business categories, including Bitcoin Exchange and ATM networks. First Bitcoin Capital did not immediately make an assessment.n
nThis is the second month of the SFC to suspend the second currency-related projects.n
nCoinDesk has reported that the SFC suspended the over-the-counter trading company CIAO Group’s stock trading, as the news of ICO was about to raise concerns about the agency.n

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