On December 11, the U.S. Securities and Exchange Commision SEC issued a cease-and-desist to California-based Munchee Inc. to stop their ICO and return the funds that had been collected.Munchee had been seeking $15 million in capital to improve their existing mobile app and create a restaurant review ecosystem that they described as being Yelp meets Instagram in their Bitcointalk announcement. The problem arose when Munchee emphasized that it would take steps to create a secondary market for t

Source and More information: Munchee ICO Halted by SEC for Securities Violations

Author: CryptScout.com