unregistered – DIGIT INFO

SEC Charges Cumberland DRW for Unregistered $2 Billion Crypto Securities Dealings

DIGIT — Fri, 11 Oct 2024 00:01:18 +0000

The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]

Go to Source

SEC Sues Tron Founder Justin Sun for Market Manipulation and Offering Unregistered Securities

DIGIT — Wed, 22 Mar 2023 21:10:26 +0000

The U.S. Securities and Exchange Commission (SEC) has taken action against Justin Sun, the founder of Tron, and the Tron Foundation, issuing charges for offering unregistered securities and market manipulation. Additionally, a group of influencers have been charged by the organization for promoting tron without disclosing that they were being compensated for their endorsements. Tron […]

Go to Source

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

DIGIT — Wed, 18 Jan 2023 20:30:10 +0000

According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail […]

Go to Source

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

DIGIT — Sat, 14 Jan 2023 17:30:54 +0000

Following charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has […]

Go to Source

Coinbase Reportedly Facing SEC Probe for Listing Unregistered Securities

DIGIT — Tue, 26 Jul 2022 11:30:05 +0000

Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exchange Commission (SEC) over the listing of several crypto assets on its platform. The investigation, according to three people with ostensible knowledge of the matter, is examining whether the exchange has been listing assets that can be classified as unregistered securities. […]

Go to Source

US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business

DIGIT — Sun, 21 Nov 2021 04:30:59 +0000

A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized cryptocurrency. Bitcoin Exchange Operator Sentenced to 3 Years in Jail […]

Go to Source

‘Doctor Bitcoin’ Pleads Guilty to Running Illegal Crypto Exchange in US, Faces 5 Years in Prison

DIGIT — Wed, 30 Jun 2021 13:30:45 +0000

A Texas man, who calls himself “Doctor Bitcoin,” has pleaded guilty to running an illegal cryptocurrency exchange business, converting cash to bitcoin. He faces five years in federal prison. Crypto Exchange Operator Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded guilty to “illegally operating […]

Go to Source

Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges

DIGIT — Sun, 27 Jun 2021 15:30:02 +0000

Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and […]

Go to Source

US Man Selling Bitcoin Without License Faces 5 Years in Prison

DIGIT — Sat, 26 Jun 2021 11:30:28 +0000

A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The […]

Go to Source

US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets

DIGIT — Mon, 24 Feb 2020 17:27:27 +0000

The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and the Financial Crimes Enforcement Network (FinCEN). Also read: Regulatory Roundup — Trump’s Cryptocurrency Proposals, IRS Changes Rule, […]

The post US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets appeared first on Bitcoin News.

Go to Source