SEC Flags ‘Punisher Coin’ As High-Risk Scheme

The Securities and Exchange Commission (SEC) has released a strong advisory, warning the Nigerian public versus taking part in the presale or promo of a brand-new cryptocurrency known as Punisher Coin, or $PUN, pointing out regulative breaches and a high risk of financier scams. In a public notification released on Sunday, the capital market regulator described the … The post SEC Flags ‘Punisher Coin’ As High-Risk Plan appeared initially on New Telegraph.

“The attention of the Securities and Exchange Commission has been drawn to numerous online publications blatantly promoting the unauthorized presale of a cryptocurrency described Punisher Coin, likewise known as $PUN,” the SEC specified, citing a report in the Daily Trust e-paper which declared the coin could equal established tokens like Avalanche and Chainlink. According to preliminary findings, the SEC said Punisher Coin certifies as a “meme coin”– a type of digital property typically doing not have intrinsic worth, utility, or a defined project roadmap. “Additional examination has actually revealed that Punisher Coin or $PUN is a meme coin.

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