The post Friend.tech Renames Tokens in Bid to Avoid SEC Scrutiny! appeared first on Coinpedia Fintech News
Social networking platform Friend.tech has changed the name of its tokens from Shares to Keys in a bid to avoid regulatory scrutiny from the Securities and Exchange Commission (SEC) over securities regulations. Friend.tech rewards its users for their contributions, but it is marketing and distributing the tokens that could see it fall under the security regulations. While renaming the tokens may help the platform avoid regulatory attention, it does not guarantee exemption from securities regulations.
