Korean Investors File Complaint Against Upbit's "Dutch Auction" Token List Strategy

09月
15
2020-9-15 01:54
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According to CryptoNews on September 15, a group of Korean investors filed a complaint with Korean financial institutions regarding the registration of Upbit, a cryptocurrency exchange, in the so-called "Dutch auction". "ICO. A group of traders claimed that the company is running a Dutch auction on the Jakarta-based Upbit Indonesia platform to sell new tokens. Tokens sold at Dutch auctions are usually" two or three days later. " . Upbit Korea is having a rally, and now the exchanges are doing it every week, so investors are complaining that this has a major impact on the value of the currency. Prohibits disclosure of crypto assets and ICOs, and the legality of the process. 'registration.

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Korean investors sue financial regulator over Upbit token
According to CryptoNews, on September 15, a group of South Korean investors filed a complaint with the South Korean financial watchdog regarding Upbit, known as the Dutch auction strategy. , which is the same as October 10, 2015. “Backdoor” Initial Coin Liberation (ICO). A group of traders claimed the company was running Dutch auctions on the Jakarta-based Upbit Indonesia platform to sell new unregistered tokens. Tokens auctioned in the Netherlands are typically auctioned 'two to three days later' by Upbit Korea, but now exchanges are doing it weekly and traders are complaining as it has a major impact on the value of currency. Korea bans the publication of crypto assets and ICOs. Please check the legality of the process of selling and registering Upbit tokens.
2020-9-15 01:54

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