Posts From David Zaslowsky

U.S. Prosecutors Indict President of Purported Intergovernmental Organization for Cryptocurrency Scheme

On November 6, 2019, U.S. prosecutors in the Southern District of New York announced charges against Asa Saint Clair for his participation in an investment scheme tied to a purported

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Criminal, Fraud, US

SEC Enjoins Telegram Token Offering

On October 11, 2019 the U.S. Securities and Exchange Commission announced that it has filed an emergency action and obtained temporary restraining order against two offshore entities conducting an alleged

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ICO, SEC, US

CFTC Says Ether is a Commodity

Last December, the Commodity Futures Trading Commission (CFTC) issued  a public call for feedback to “better inform the Commission’s understanding” of the Ethereum network and the cryptocurrency ether.  The CFTC said input

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CFTC, Commodity, Ether, US

Burundi Bans Cryptocurrency

The Bank of The Republic of Burundi issued a statement in which it banned the use of cryptocurrencies in the country. The Statement said, “Since virtual currencies or cryptocurrencies are

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Burundi, Cryptocurrency

Marshall Islands To Issue Its Own Cryptocurrency

In 2018, the Marshall Islands passed a Sovereign Currency Act, declaring its intention to release a new, national digital currency. 

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Cryptocurrency, Marshall Islands

IRS Begins Notifying Owners of Cryptocurrency of Potential Failures to Report Income and Pay Taxes

In July, the IRS announced that it had begun sending letters to taxpayers who may have failed to properly report

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Cryptocurrency, IRS, US

SEC Fines SimplyVital for Unregistered ICO

On August 12, 2019, the U.S. Securities and Exchange Commission announced settled charges against a New England-based blockchain company for

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ICO, SEC, Simple Agreements for Future Tokens (SAFTs), US

SEC Obtains TRO Against Organizer of “Fraudulent” ICO

On August 13, 2019, the U.S. Securities and Exchange Commission announced on fraud charges against a Brooklyn individual and two

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ICO, SEC, Temporary Restraining Order (TRO), US

Texas Renews its Cryptocurrency Crackdown

Texas has been one of the more active states in the United States when it comes to cryptocurrency enforcement.  The

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Cryptocurrency, Texas

SEC and FINRA Issue Joint Statement on Broker-Dealer Custody of Digital Asset Securities

On July 8, 2019, the staffs of the U.S. Securities and Exchange Commission’s Division of Trading and Markets and the

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Cryptoassets, FINRA, SEC, SIPA, US
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