OTC Markets Executive Shares Thoughts On MicroCap Pivots to Blockchain
Last week, Business Insider spoke with Jason Paltrowitz, executive vice president at OTC Markets, about the ongoing cryptocurrency and blockchain craze.
Many microcap issuers have added blockchain elements to their business descriptions in recent months. As a result, the stock prices of many of these issuers have spiked.
“Some of its kind of funny, companies that one day were making lawnmowers and the next day they’re in bitcoin or a cryptocurrency,” Paltrowitz told Business Insider in an interview. “It’s funny but it’s not funny.”
“This is the latest avenue for potential fraud and things that will harm investors, and so we need to take it seriously,” he added.
The Business Insider also clarified that OTC Markets wants to provide a marketplace for blockchain and cryptocurrencies — so long as they follow all applicable laws and regulations.
Read the Business Insider Article HERE.