Hong Kong’s Securities and Futures Commission Halts Black Cell ICO

Hong Kong’s securities watchdog, the Securities and Futures Commission (SFC), has interfered with the initial coin offering (ICO) of Black Cell Technology Ltd., ordering the firm to halt the sale of its digital currency to Hong Kong buyers.According to the SFC, Black Cell had engaged in “potential unauthorized promotional activities and unlicensed regulated activities.” In response, Black Cell Technology halted its ICO and agreed to “unwind” ICO transactions fo