SEC crackdown on Bitcoin accelerates with de-listing of publicly-traded Bitcoin capital firm, accused of hyping the bubble
(Natural News) The U.S. Securities and Exchange Commission (SEC) recently issued a temporary freeze order on trading for the American Security Resources Corp. (ARSC), a publicly-listed bitcoin exchange company. This marks the third suspension in the month of August alone.
SEC officials announced the suspension on August 24, Thursday. According to reports, the suspension will be effective until 11:59 am ET, September 8, 2017.
According to the SEC filings, the company has changed hands several times and declared early in August that it planned to launch a cryptocurrency exchange to be re-branded as the Bitcoin Crypto Currency Exchange Corporation.
“The Commission temporarily suspended trading in the securities of ARSC because of questions that have arisen regarding publicly available information about the company in press releases on OTCMarkets.com, dated August 1, and August 8, 2017, concerning, among other things, the company’s business transition to the cryptocurrency markets and early adoption of blockchain technology,” an SEC statement read.