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CFTC Tells Judge It Has Jurisdiction Over Cryptocurrencies

CFTC Tells Judge It Has Jurisdiction Over Cryptocurrencies

A few days before issuing the recent advisory for the cryptocurrency market, the Commodity Futures Trading Commission told the judge in the case against My Big Coin Pay Inc. that cryptocurrencies are commodities, and are therefore within CFTC jurisdiction. 
The federal judge in...




New Arrest in SEC Case Against Celebrity-backed ICO Centra Tech

New Arrest in SEC Case Against Celebrity-backed ICO Centra Tech

Celebrity endorsements add an element of trust for investors who are just entering the ICO market. But the strategy did not turn out well for Centra Tech, as a third arrest has just been made in connection with the SEC’s allegations that the company defrauded investors out of over $25...

Cryptocurrency and ICO Space Prepare for Increasing SEC Scrutiny

Cryptocurrency and ICO Space Prepare for Increasing SEC Scrutiny

The SEC has repeatedly warned cryptocurrency investors about the market’s vulnerability to large-scale fraud. Likewise, the agency has made it clear that cryptocurrency offerings that function as securities will be treated as such, and thus subjected to scrutiny. 
Since SEC...

Brooklyn Prosecutors Say ICOs are Securities in Alleged Fraud Case

Brooklyn Prosecutors Say ICOs are Securities in Alleged Fraud Case

On March 19, 2018, federal prosecutors once again reinforced the notion that cryptocurrencies can be securities, as they upheld their certainty that ICOs offered by Maksim Zaslavskiy through his companies REcoin and Diamond Reserve Club, were in fact, securities, and thus, under the SEC’s...

FINRA Issues Warning About Cryptocurrency Stock Scams

FINRA Issues Warning About Cryptocurrency Stock Scams

Recently, several cryptocurrency scams have come to light: dishonest individuals advertising their newly concocted crypto-coin as the next big thing, with a potential to make millions for investors willing to take the risk.
FINRA recently issued an Investor Alert to warn investors about...

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