INX CFO Renata Szkoda's Advice To Rivals – Think Before You Token – Benzinga

INX chief financial officer Renata Szkoda is urging companies to “think critically before launching tokens.”

INX, unlike its peers, has managed to avoid regulatory drama due to its commitment to compliance, she says.

The company chose to take the regulatory route in 2017, during the initial coin offering (ICO) trend.

Also Read: Curve Finance Stability Under Threat Due To $100M Debt Load, Loan Backed By Tokens

But now, the industry is in the midst of a regulatory crackdown by the U.S. Securities and Exchange Commission (SEC) due to intense scrutiny for non-compliance with existing regulations.

The SEC has recently launched investigations into several major cryptocurrency firms, including Binance (CRYPTO: BNB), Coinbase (NASDAQ:COIN), and FTX (CRYPTO: FTT).

These firms are facing charges for operating unregistered exchanges and failing to prevent U.S.-based investors from using their platforms.

INX hosted the first SEC-backed ICO two years ago, raising $85 million from over 7,000 investors.

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