KODAKCoin Backers Warn SEC Could Restrict Token Trading
A new "light paper" says the token could face "significant restrictions" should the U.S. Securities and Exchange Commission (SEC) deem it a security.
Created by WENN Digital, KODAKOne and the KODAKCoin is announced to launch at 6 major OVG sports venues reaching over 10 million fans per year.
Imaging giant Kodak is now looking at May 21 for the SAFT offering of its KODAKCoin for accredited investors.
The 130-year old company is offering blockchain-based document management.
KODAKCoin's backers are calling a crypto exchange's ICO launch claims "fraudulent."
Kodak licensed its brand out to WENN Digital for the KODAKCoin token, which could net the onetime photography giant between $2 and $5 million.