In a decision dated March 24, 2020, Judge Kevin Castel of the Southern District of New York granted a preliminary injunction request by the U.S. Securities and Exchange Commission preventing the distribution to purchasers of $1.7 billion worth of cryptocurrency called “Grams.” In 2018, Telegram sold “interests in Grams” to 175 entities and high-net-worth individuals. These “Gram Purchase Agreements” entitled the initial purchasers to receive an allotment of Grams upon launch of the TON Blockchain.…
Latest Posts
- Court Grants Preliminary Injunction Against Telegram’s Distribution of Tokens
- SEC Pursues Coin Offering Scam Artists
- India Supreme Court Lifts Ban on Banks’ Providing Services To Crypto Exchanges
- SEC Rejects Another Bitcoin-Based ETF
- SEC Settles With ICO Issuer Who Agrees to Register Tokens As Securities
- SEC Commissioner Proposes Three-Year Safe Harbor for Token Transactions on Developing Networks
- UK Court Confirms Bitcoin’s Status as Property
- China’s State Information Centre Set to Launch Blockchain Service Network in April 2020
Recent
On March 20, 2020, the district court unsealed the file in a case that U.S. Securities and Exchange…
In April 2018, India’s central bank, the Reserve Bank of India (RBI), banned domestic financial institutions from providing…
In a January 14, 2020 filing with the U.S. Securities and Exchange Commission (SEC), Bitwise Asset Management requested…
On February 19, 2020, the U.S. Securities and Exchange Commission announced that it had settled charges against blockchain…
Hester Peirce, who is a Commissioner of the U.S. Securities and Exchange Commission (SEC) and affectionately referred to…
UK Court Confirms Bitcoin’s Status as Property
by Sue McLean, Kevin Monaghan and Ben Thatcher 3 Mins ReadSummary On December 13 2019, in the case of AA v Persons Unknown [2019] EWHC 3556 (Comm), the…