Syscoin in its Update 3.0 has notified that in March several regulatory developments occurred that are applicable to both Blockchain Foundry and Syscoin. Specifically, on March 7 SEC released the statement “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets”.
A number of these platforms provide a mechanism for trading assets that meet the definition of a ‘security’ under the federal securities laws
Excerpt from the statement
Blockchain Foundry was working on defining that Syscoin is not a security. Syscoin was advised to introduce a new level of of complexity and functionality into our protocol. The analysis will ensure that Syscoin remains actively listed and traded at all exchanges who are taking compliance seriously. Syscoin is going to stay a credible player in the space so being compliant is of paramount importance. The additional time will allow Syscoin to perform additional security and performance testing while the analysis is being complete.
Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions like Bitcoin and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. At the moment of publication, Syscoin market parameters are as follows
- Average price: $0.346734
- Market cap: $184,556,039
- Volume (24H): $4,524,220