U.S. FTC Shuts Down Promoters of Deceptive Cryptocurrency Schemes

At the request of the Federal Trade Commission, a federal court has halted the activities of four individuals who allegedly promoted deceptive money-making schemes involving cryptocurrencies. These schemes falsely promised

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Cryptocurrency, Litigation, US

SEC Says Cryptocurrency Platforms Must be Registered

There have been previous posts in this blog about statements by the U.S. SEC saying that most ICO’s would seem to qualify as securities offering and thus must be registered

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Cryptocurrency, Exchanges, SEC, US

Court Affirms CFTC Jurisdiction Over Cryptocurrency

As early as September 2015, the CFTC took the position that virtual currencies such as Bitcoin are commodities. See In re Coinflip, Inc., No. 15-29 (C.F.T.C. Sep. 17, 2015). Based on

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CFTC, Cryptocurrency, Litigation, US

Coinbase Hit With Two Class Action Lawsuits

When traders want to purchase crypto using traditional currency, or exchange one cryptocurrency for another, they do so via an exchange.  Coinbase is one of the world’s largest, with over

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Cryptocurrency, ICO, Litigation, US

SEC Investigates Cryptocurrency Companies

The U.S. SEC, in recent months, repeatedly put cryptocurrency companies and their advisers on notice about what officials said were

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Cryptocurrency, ICO, SEC, US

Defendant Argues Cryptocurrency is Not Security

We have reported in this space about how the SEC has indicated that most ICOs probably qualify as securities under

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Cryptocurrency, ICO, Litigation, SEC, Securities, US

U.S. SEC Charges Former Bitcoin-Denominated Exchange and Operator With Fraud

The U.S. Securities and Exchange Commission today charged a former bitcoin-denominated platform and its operator with operating an unregistered securities

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ICO, Litigation, SEC, US

U.S. SEC Halts Trading In 3 Penny Stocks Tied To Cryptocurrency

Section 12(k) of the Securities Exchange Act of 1934 provides that, “if in [the SEC’s] opinion the public interest and

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Cryptocurrency, Litigation, SEC, US

TRO Denied in Second BitConnect Lawsuit

We previously reported on the Kentucky court that issued a temporary restraining order against BitConnect.  On Wednesday, that TRO was extended

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ICO, Litigation, US

New York Takes Action to Deter Fraud in Virtual Currency Markets

The New York State Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New

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Cryptocurrency, New York, US