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Riot | Blockchain | Cryptocurrency | US SEC | Cryptocurrency Regulation

A publicly traded United States-based company Riot Blockchain files a request with the US Securities and Exchanges Commission (SEC) to launch RiotX, a new regulated cryptocurrency exchange in the country, by the end of Q2 2019.

As per the documents published by the SEC on March 14, RiotX declared that its subsidiary, RiotX Holdings Inc, would overlook the new exchange and the banking services will be handled by an  Application Programming Interface (API) created by software company SynapseFi.

API

Amongst other function that the API will oversee, the bank will serve as a security enhancement by tracking user location and presumably preventing fraudulent use of the service. For example, the bank could spot if the exchange is used in Wyoming or Hawaii, U.S. member states where it is not al...

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