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SEC Suspends Trading Of Publicly Listed Bitcoin Firm As Canadian Regulators Crackdown

• zerohedge.com by Tyler Durden

This surge in interest appears to have got the attention of The SEC, who just halted trading of the Canadian firm.

As CoinDesk reports, in a statement, the SEC said that the suspension, which began at 9:30am ET this morning, would last until at least 11:59am ET on September 7. First Bitcoin Capital's shares are traded over-the-counter, and prior to the suspension were trading at $1.79 apiece, according to data from Bloomberg.

The SEC said that it was moving to suspend trading because of concerns over the information published by First Bitcoin Capital, including the value of the assets it claims to possess.

The agency wrote in its suspension notice:

"The Commission temporarily suspended trading in the securities of BITCF because of concerns regarding the accuracy and adequacy of publicly available information about the company including, among other things, the value of BITCF's assets and its capital structure. This order was entered pursuant to Section 12(k) of the Exchange Act."


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