The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations

The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Providing: Firm Agrees to Stop Operations

The US Securities and Trade Fee (SEC) has issued a stop and desist order in opposition to Shipchain and ordered it to pay a penalty of $2.05 million. Moreover, the regulator has directed Shipchain, a delivery and logistics firm, to switch Ship tokens within the possession or management of the corporate’s administrators to a “fund …

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