US SEC approves game blockchain company PoQ to issue and sell tokens

The US Securities and Exchange Commission (SEC) Finance Department sent a no-action opposition letter to the blockchain game company Pocketful of Quarters (PoQ), allowing the company to issue game tokens on the Ethereum blockchain and sell the generation currency. Quarters are tokens built with reference to the ERC 20 standard, the first such token to be approved by US regulators. The No Action Opposition letter requires PoQ to comply with a number of commitments, including ensuring that players cannot sell, purchase or exchange tokens with each other. Instead, only a developer or "influencer" account can trade with the player.