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These are external links and definately will open inside a new window Celebrities, athletes and social networking stars are actually warned by US regulators about endorsing crypto-currencies. Paris Hilton, boxer Floyd Mayweather yet others have publicly backed digital currency funding drives. The Securities and Exchange Commission (SEC) said the endorsements could break laws on selling securities. Those promoting crypto-currencies must say if they're being covered the endorsement, it said. In its official warning, the SEC pointed to the growing amounts of public figures who have brought up the
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funding drives, generally known as Initial Coin Offerings (ICOs), that crypto-currencies run to raise cash. About 270 separate crypto-cash start-ups have sought funds via ICOs in 2017, said the New York Times. In total, the ICOs have raised over $3bn (£2.27bn), it said. The SEC said any virtual coins or tokens bought by investors using an ICO were subject for the same laws governing the sale of shares sold via mainstream stock markets. These laws require anyone backing a burglar alarm to disclose their relationship with the company supplying the investment opportunity. "A failure to disclose this information is a violation in the anti-touting provisions in the
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