![]() ![]() ![]() The State of California, and, more specifically, the California Department of Business Oversight, does not currently regulate virtual or digital currency transactions or the businesses that arrange such transactions. will treat the GX-Coins as crypto-currency and not as a security. (OTCQB:FTCY) (the “Company”) confirmed today that its strategic partner, Great Coin, Inc., has withdrawn its Offering Statement under new Regulation A+ based on recent comments by the Securities and Exchange Commission (the “SEC”) on its Offering Statement and, more specifically, the issue of whether GX-Coin is a digital security or digital currency.Īs a result, Great Coin has reassessed its position that GX-Coin is a digital security and now intends to launch a digital currency trading platform trading GX-Coins in California in the near future. 11, 2016 (GLOBE NEWSWIRE) - Global Future City Holding Inc. ![]()
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