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These are external links and definately will open in a very new window Celebrities, professional athletes and social media marketing stars are actually warned by US regulators about endorsing crypto-currencies. Paris Hilton, boxer Floyd Mayweather while others have got all 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 when they are being covered the endorsement, it said. In its official warning, the SEC pointed to the growing numbers of public
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figures who may have talked about the funding drives, referred to as Initial Coin Offerings (ICOs), that crypto-currencies set you back 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 stocks and shares sold via mainstream stock markets. These laws require anyone backing a burglar alarm to disclose their relationship while using company providing the investment opportunity. "A failure to disclose this information is a violation from the anti-touting provisions with the
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