Over-the-counter cryptocurrency platform Cumberland will stop the decentralized Filecoin (FIL) project from trading cryptocurrency with counterparties. Writes about it The Block with reference to the company’s statement.
The company explained its decision as a precaution due to the existing regulatory environment. The announcement was made against the background of increased control by regulatory authorities in relation to participants in the cryptocurrency market in the United States.
The decision comes into force on June 1 at 19:00 Kyiv time. At the same time, “all FIL transactions concluded before this time will be settled in accordance with the usual procedures,” the company said.
At the time of writing, the price of Filecoin has decreased by 1.02% per day and is $4.64 with a market capitalization of $1.9 billion, according to CoinMarketCap.
Earlier, Grayscale Investments, in response to an application for registration of an investment product Grayscale Filecoin Trust received a comment from SECthat Filecoin, in the opinion of the agency, meets the definition of a security.
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Over-the-counter cryptocurrency platform Cumberland will stop the decentralized Filecoin (FIL) project from trading cryptocurrency with counterparties. Writes about it The Block with reference to the company’s statement.
The company explained its decision as a precaution due to the existing regulatory environment. The announcement was made against the background of increased control by regulatory authorities in relation to participants in the cryptocurrency market in the United States.
The decision comes into force on June 1 at 19:00 Kyiv time. At the same time, “all FIL transactions concluded before this time will be settled in accordance with the usual procedures,” the company said.
At the time of writing, the price of Filecoin has decreased by 1.02% per day and is $4.64 with a market capitalization of $1.9 billion, according to CoinMarketCap.
Earlier, Grayscale Investments, in response to an application for registration of an investment product Grayscale Filecoin Trust received a comment from SECthat Filecoin, in the opinion of the agency, meets the definition of a security.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!