Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Quantstamp, a blockchain security firm, has settled with the US Securities and Exchange Commission (SEC) over charges related to its $28 million initial coin offering (ICO) in 2019. The SEC alleged that Quantstamp violated securities laws by conducting an unregistered offering of securities. The company agreed to pay a $250,000 penalty, and will also return funds to its investors and register its tokens as securities. The SEC noted that Quantstamp cooperated with the investigation, which ultimately led to a settlement. This is the latest in a series of regulatory actions against ICOs and other crypto-related offerings by the SEC.
