The US Securities and Exchange Commission (SEC) has banned trading in First Bitcoin Capital Corp (BITCF) shares. This step is justified by the fact that the accuracy and accessibility of public information on the company’s assets and their capital structure are undesirable.
In a press release, the SEC announced that it was temporarily withdrawing its shares from the company. The decision entered into force in the course of yesterday, August 24, and is scheduled until September 7th. Brokers, stockists and shareholders are encouraged to think very carefully about how they would deal with the information currently available on BITCF, together with the threat of a corresponding penalty in case of non-compliance with the prohibition.
First Bitcoin Capital Corp. Is a Vancouver-based company focused on acquiring Bitcoin start-ups, funding and investing in companies that develop Bitcoin software or hardware.
On its website, BITFC announced that it is currently working on various crypt-related projects, such as its own crypto exchange and an ATM network. Before the exclusion from the stock market, the stock stood at a price of 1.79 US dollar.
The Bitcoin News
TheBitcoinNews.com – leading Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.