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As reported by the portal American Banker, the new Prometheum Ember cryptocurrency project acquired 12 million in initial capital, after the US Securities and Exchange Commission (SEC) announced that security tokens platforms will be available for investors at the beginning of next year.
Cryptocurrency Ember from Prometheum
Management Prometheum he deeply hopes that the Commission, familiar from the rather critical approach to the ICO projects, will accept the proposal of the so-called Regulation A for the company's new cryptocurrency - ember, which its creators described as tokens "Intelligent security" (smart security token). If this regulation is approved, investors will soon be able to legally rotate the new cryptocurrency on the US securities market.
The company's representatives also claim that Prometheum as the first startup submitted to the SEC a request for the approval of Regulation A regarding the digital currency, counting at the same time that it will be accepted even before it enters the market. The project, according to its creators, meets all SEC requirements.
Prometheum asked the Commission to regulate Ember cryptocurrencies by November 2017 already, but the application remained unanswered.
The holding company was entrusted with the issues related to the financing of the project Hashkey Digital Asset Group based in Hong-Hong, specializing in advising and supporting investment processes of companies operating in digital currencies. The other strategic partner of the company will be Wanxiang Blockchain Labs based in Beijing, providing primarily technical support.
Prometheum is not the first company to undertake efforts to obtain full compliance with the law, confirmed by the SEC. You can indicate here, for example Circle and Fidelity Investments. The Commission is often perceived as an obstacle to the development of the digital currencies sector, but more and more companies see the legitimacy of its actions against the increasing number of frauds in this area.
