You might be aware that the US Government (in particularly the SEC) has in the last few weeks started to take a far more active role in regulating the cryptocurrency environment, with specific interest in ICO's classified as "non-utilities"! Understandably so, since Ether went from $220 to nearly $900 since we started this journey, and the total cryptocurrency market cap reached over $600 billion, while Bitcoin Futures was launched on CME (a week before on CBOE and next year on NYME & Deutsche Börse, possibly Tokyo too in 2018).

In light of the SEC's decision to call all non-utility ICO issuing tokens a security, we have decided to pause the Skye Properties ICO until such time we have a better understanding of the regulatory landscape and impact on ICO's. This can only happen once the SEC and other regulatory departments provides clearer guidelines.

Putting the Skye Properties ICO on hold was not an easy decision after so much effort, time and money were invested. We trust it was not in vain and we can learn from this and come back stronger next year when a clearer regulatory and legal framework is established by the authorities.

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