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The US Securities and Exchange Commission (SEC) has temporarily suspended the trading of the securities of the crypto-bourse Bitcoin Generation, announced the US government agency on April 29.
In a statement, the SEC announced that the suspension would be effective as of 9:30 pm EDT on April 29th until 11:59 pm EDT on May 10th.
The SEC has stated that it has made the decision "due to concerns about the accuracy and adequacy of market information" regarding its outstanding common shares, promotional activities and market impact, as well as financial condition. current society. He added:
"The Commission warns brokers, shareholders and potential purchasers to carefully review the above information, as well as all other information currently available and any information subsequently published by the Company."
Brokers are advised not to enter quotations related to Bitcoin Generation securities if they do not strictly adhere to the rules of the commission.
The company is based in Oklahoma and the SEC has also expressed concerns "regarding the viability and valuation of an obligation that Bitcoin Generation allegedly acquired from a UK-based entity ".
This statement appears to concern the acquisition of an obligation of 20 million euros in March 2018, worth about 24.4 million dollars at the time and from the London Stock Exchange. When the bond was announced, Bitcoin Generation's CEO, Deniz Hadjiev, described it as "a small step in improving the company's financial situation as we continue to develop our mining operations."
Last fall, the SEC had suspended trading in securities of a Nevada company that had falsely claimed that its crypto-trading activities had been approved by the SEC.
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