The SEC Crackdown on Suspicious Cryptocurrencies Is Getting Serious

The U.S. Securities and Exchange Commission (SEC)’s investigation over shady behavior in the cryptocurrency market will only continue, said former chairman Harvey Pitt. Also Read: Popular Chat App Kakao’s Exchange Upbit Claims Number One Spot in South Korea Tighter Regulation on the Horizon SEC this Tuesday halted trading of The Crypto Co. over manipulation concerns after … Read more

Korean Authority Slaps Exchanges With Licensing Requirements

The South Korean government is conducting on-site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation. The regulators have also notified the country’s largest exchanges that they are subject to the Information Security Management System certification requirements. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto … Read more

Centra ICO Faces Class Action Lawsuit, Accused of Violating US Securities Laws

Centra, an initial coin offering (ICO) noted for having been promoted by Floyd Mayweather, is now facing a class action lawsuit. The ICO is accused of violating securities laws by misrepresenting the cryptocurrency as comprising a utility-based token. Also Read: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore The Suit Has Been … Read more