US Securities and Exchange commission has halted Munchee digital-token sale

Michael Diaz

The US regulator warns consumers of the dangers of investing in cryptocurrency issued by firms.SEC chairman Jay Clayton said that there was a greater risk of fraud from the initial coin offerings .Initial coin offerings let them quickly raise capital by issuing virtual tokens to investors, usually in exchange for more established cryptocurrency such as Bit-coin and Ethereum. These tokens typically use block-chain, which uses cryptography to record transactions which can then be authenticated.