The country’s most prominent blockchain start-up, Immutable, is facing allegations from regulators in the United States that it broke securities laws when it was issued and traded cryptocurrency tokens.
The company, which has a valuation of around $3.5 billion, develops video games and payment platforms for them. Immutable said it received a notice warning that the Securities and Exchange Commission was considering launching legal action against it.
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Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age. Connect with Amelia on Twitter. Email Amelia at a.mcguire@afr.com.au
