CF Portal Now Accepting Crypto-Currency

StartEngine, a FINRA registered crowdfunding web portal, announced that it will take Bitcoin as a payment method for investing in equity offerings hosted under the Securities and Exchange Commission’s Regulation Crowd Funding.

The cryptocurrency is transferred directly to the issuing company upon the closing of the offering and is not converted into US dollars, using a “qualified custodian” for the alt-coins.

The portal also hosts Initial Coin Offerings that claim to be exempt from registration under the Securities Act of 1933.

It’s press release cagily notes that it is now “testing the waters” for its own ICO.

https://cryptovest.com/news/startengine-crowdfunding-platform-now-supports-bitcoin/

AP_17208729254350

(Photo: Vice News).

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banking, Banks, CFTC, checkbook, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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