US SEC scrutinises NFT market over illegal crypto token offerings used to raise money like securities

Source: Tech – South China Morning PostThe US Securities and Exchange Commission is scrutinising creators of NFTs and the crypto exchanges where they trade to determine if some of the assets run afoul of the agency’s rules, according to people familiar with the matter.A focus of the probe is on whether certain non-fungible tokens, digital assets that can be used to denote ownership of things like a painting or sports memorabilia, are being utilised to raise money like traditional securities, said the people. Over the past several…Read More

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