The U.S. Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration stating that the tokens are not securities.
The tokens were founded by Greorge B. Weiksner and dubbed as Pocket of Quarters (PoQ) which is primarily use to access and interacting with participating games.
As part of its terms of approval Quarter holders can only transact with PoQ or approved accounts which must be subject to initial and ongoing know your customers and anti-money laundering regulations.
According to its website PoQ will be used to incentivize players who participates on scrim competitions in popular games such as PUBG, Fortnite and CSGO, PoQ will also a portin of Quarter sales royalties in Ether (ETH) and claim them via smart contract.
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