Cumberland will Stop Trading Filecoin Tokens

The Cumbeerland crypto platform is going to stop trading tokens of the Filecoin crypto project with its counterparties. This information was reported by The Block edition, referring to the message of the cryptocurrency platform.

What explains this decision

Representatives of the crypto company explained these actions by observing caution with regard to the current regulatory background. This statement was made as a result of increased control from the SEC and other similar agencies in the United States.

This decision will take effect from today. Representatives of the company said that all transactions with cryptocurrency will be settled according to standard procedures.

To date, the value of the token has dropped by more than 1% in the last 24 hours. The price reaches $4.64. At the same time, the market capitalization reaches almost 2 billion. USD. These figures are provided by the CoinMarketCap platform.

Recall that the organization Grayscale Investments has submitted an application to register the Filecoin Trust investment product. However, I received a response from the SEC department that this coin is defined as a security.

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