SEC official urges for global cooperation to eradicate ICO scams

United States’s Securities and Exchange Commission (SEC)’s attempts to enforce regulations against cryptocurrency companies, its co-director of the Division of Enforcement, Steven Peikin said the growth in the crypto industry is very lucrative for scammers. He highlighted on the Dominic Lacroix ICO scam and concluded on the remark on the need for global cooperation and consensus.

The post SEC official urges for global cooperation to eradicate ICO scams appeared first on Incrypts.

SEC official urges for global cooperation to eradicate ICO scams

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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