Cryptocurrency exchange ShapeShift reaches settlement offer with U.S. SEC
Cryptocurrency exchange ShapeShift has reached a settlement offer with the US Securities and Exchange Commission on Tuesday, which includes a fine of $275,000 and an agreement that the company will no longer violate securities laws. ShapeShift was previously accused of offering "at least 79 types of cryptocurrencies" to its customers, including "assets offered and sold as investment contracts," but did not list any specific digital assets as securities.
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