The SEC reached settlements with two startups that raised money last year through cryptocurrency sales, under which the firms will comply with investor-protection rules and offer money back to thousands of people.
RT @coincenter: Decentralized cryptocurrencies are not securities but many, if not all, pre-sales and ICOs will be seen as securities issuance. In enforcing existing law, the SEC is taking reasonable steps to avoid squelching innovation. https://t.co/AXAl35RBPg
Thanks for your submission. Posts relating to Paragon Coin are temporarily suspended. This is due to the ridiculous amount of drama and in-fighting between users on the subreddit and the Paragon PR/legal team. We simply don't have the resources to fact check and mediate these disputes. The best solution is to suspend the coin to cut out the nonsense altogether. If you wish to discuss Paragon Coin please visit reddit.com/r/paragoncoin
If your post only partially contained references to Paragon Coin, we suggest that you remove it and resubmit. Thanks for your understanding."
I understand the ban.
But recently they got charged by the SEC as a fraud.
Basically the goverment has vindicated a lot of the claims of the people criticizing paragon coin.
Furthermore, whoever invested in them is entitled to get their money back. So having this news be available on this sub, which gave a foreshadowing warning on their tactics is good practice imo.
People who invested in them need to know they are entitled to their money back.