Hong Kong Regulator Stops Calata-led Krops ICO
Mr. Joseph Calata faces another hurdle as his Black Cell Technology’s Initial Coin Offering (ICO) for KROPS is ordered to shut down by the HK regulators.
Mr. Joseph Calata faces another hurdle as his Black Cell Technology’s Initial Coin Offering (ICO) for KROPS is ordered to shut down by the HK regulators.
KROPS gets a permanent cease-and-desist order from the Securities and Exchange Commission.
Writing for a newspaper column, the former SEC president elaborates the reasons why the Krops ICO can be regarded as a sale of securities.