The US Securities and Exchange Commission(SEC) has given clearance to the crypto gaming company Pocketful of Quarters(PoQ) for selling Quarters token. PoQ may legally sell its Quarters tokens to consumers without registering them as securities.

With PoQ, gamers can purchase tokens using USD or ETH and the tokens, or “Quarters,” become transferable between different games. The developers and influencers will be subject to KYC/AML checks at account initiation. Quarters will be continuously available to gamers in unlimited quantities at a fixed price. They are built according to the ERC-20 standard – the first such token to receive U.S. regulatory approval. The token is a stablecoin, with PoQ setting the price of the Quarters as the only seller. This is a part of the company’s compliance requirements with the SEC.

Pocketful of quarters is the first cross-game token on the Blockchain network. It offers great prizes for scrim competitors like CSGO, Fortnite, and PUBG. Recently, a crypto reward-based company Refereum has announced to offer crypto rewards for PUBG players.