EOS Blockchain mammoth Block.one paid a robust charge of $24 Million to The Securities and Exchange Commission (SEC) for playing out an ICO (Initial coin offering) with no enrollment with SEC. Block.one is the engineer of EOS Blockchain, the underlying coin offering was directed from 2017 to 2018 in which Block.one picked up $4.1 Million.
Stephanie Avakian from SECs Division of Enforcement expressed in a report that Block.one played out an unregistered ICO with the end goal of the Security offering, this move from Block.one was unregulated and against the laws of Security and Exchange Commission, on account of which Block.one respected a gigantic Penalty.
News Source:
TheCoinRepublic