Tuesday, September 17, 2019
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SEC Charges Dallas-Based Crypto Exchange Bitqyck and Founders for Fraud

On August 29th the Securities and Exchange Commission (SEC) announced that it has settled the charges with the Dallas-based unregistered cryptocurrency exchange Bitqyck and its founders. According to the SEC, the founders, Bruce Bise and Sam Mendez, leveraged an unregistered coin offering and illegally operated crypto exchange with the intention

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US SEC Chairman Says the Rules Won’t Change for Cryptocurrencies

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton says he won’t make exceptions in securities law for cryptocurrencies, but he won’t stand in their way either.SEC rule changes ‘ain’t happening’Bloomberg published an interview with Jay Clayton on Aug. 27. According to Clayton, he has no desire to

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Thai SEC Warns Public About New Crypto Scam Operating Overseas

Thailand’s securities regulator has warned the public about scam entities posing as legal digital currency trading firms operating overseas.Investor losses are not knownThe Thai Securities and Exchange Commission (SEC) has discovered a new crypto scam where investors are lured into operating with companies outside the country, local English-language news

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US SEC Registers Digital Securities Platform Securitize as Transfer Agent

The United States Securities and Exchange Commission (SEC) has registered Securitize, a digital securities platform backed by crypto exchange Coinbase, as a transfer agent, according to a press release published on Finextra on Aug. 21.Securitize — which claims to be the first transfer agent with a working blockchain protocol

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ICO Rating Settles With SEC Over Alleged Anti-Touting Violations

The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20.In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933

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SEC Asset Freeze Caused ‘Significant Harm’ to Holders, Says Veritaseum

The chief defendant in an alleged $15 million initial coin offering (ICO) fraud case has submitted a formal reply to the United States Securities and Exchange Commission (SEC). On Aug. 20, Reginald Middleton shared a copy of a memorandum of law against the agency’s application for a preliminary injunction to

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US SEC Seizes $8M of New Yorker who Deceptively Promoted Cryptocurrency

In a recent press release of the U.S. Securities and Exchange Commission (SEC), it has been announced that a New York-based self-proclaimed ‘financial guru,’ Reginald “Reggie” Middleton, and two companies that he owns have been arrested and charged for running a crypto scam that sells security tokens to investors and

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