RATE Group | Can Cryptocurrencies Survive the Start of Government Regulation?
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Can Cryptocurrencies Survive the Start of Government Regulation?

13 Dec Can Cryptocurrencies Survive the Start of Government Regulation?

Posted at 22:19h in Cryptocurrency News by

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On the same day the S.E.C. issued its statement last month, it also settled two cases with issuers of digital tokens for violating the securities laws, requiring them to pay penalties of $250,000 each and work to refund money to investors in their illegal offerings.

In another case, Maksim Zaslavskiy, who was charged with criminal securities fraud involving an I.C.O., pleaded guilty in a Federal District Court in Brooklyn. This was the first case in which a judge found that the digital coins were a type of security, and therefore subject to the associated antifraud rules.

The S.E.C. settled a case against Zachary Coburn, the founder of a company called EtherDelta that facilitated trading in digital coins, because it operated as an unregistered national securities exchange. For those looking to offer a trading platform in the United States, registering with the S.E.C. as an exchange is also an expensive and time-consuming process.

By the end of the month, the S.E.C….

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