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.
(Photo: Vice News).