Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
raised approximately $31 million through the UnikoinGold (UKG) token sale in violation of registration requirements.
The SEC’s press release said that while the firm promised to use its funds to add more features to the platform and develop additional applications, it failed to register the sale of said tokens, which the SEC alleges were offered as investment contracts.
The statement adds that Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.
Unikrn’s statement in response to the SEC’s charges added that the firm will continue to offer its services supported by major currencies, including fiat currencies, bitcoin (BTC), bitcoin cash (BCH), ether (ETH) and USDC, among others.
In a related matter, the SEC said Seattle-based Unikrn has settled charges brought by the Washington State Department of Financial Institutions for violating state regulations on such offerings.