Russian cryptocurrency marketplace LAToken has stopped accepting US investors, a move that follows the Securities and Exchange Commission's (SEC) filing of fraud cases against two unrelated initial coin offerings (ICOs). The SEC said on Friday it had filed civil suits in federal court accusing both companies of violating securities laws by selling unregistered securities.
Russian cryptocurrency marketplace LAToken has stopped accepting US investors, a move that follows the Securities and Exchange Commission's (SEC) filing of fraud cases against two unrelated initial coin offerings (ICOs). LAToken aims to be a bridge between the "crypto economy and real economies" by offering a decentralised exchange that enables investors to trade non-bank and non-digital, or hard, assets using cryptocurrencies.