Video Streaming Startup Pursues SEC-Compliant Ethereum-Based Crypto

Lai Tran June 20, 2019 0 Comments

By CCN Markets: YouNow, a live video streaming startup, has filed a public offering circular with the U.S. SEC for a native cryptocurrency called the Props token. The company is not looking to sell this digital asset to investors; instead, they want to distribute it and are seeking compliant ‘mining’ of Props in the U.S. The filing has been done through the SEC’s A+ exemption, which entitles a successful company to offer and sell securities to U.S. investors. However, YouNow’s application for this exemption raises an interesting consideration for the SEC, as the company would not be selling the asset.

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Source: Bitcoin CNN