Bitcoin and other cryptocurrencies may be set to face more scrutiny from law authorities following a landmark case in the US. The Securities and Exchange Commission (SEC) has raised its first ICO-related lawsuit, charging businessman Maksim Zaslavskiy with fraudulently running two initial coin offerings (ICOs). The ICO is an unregulated investment practice in which companies take investors’ cryptocurrency in exchange for "crypto-tokens." This practice has already been banned in China and South Korea recently. The SEC has been issuing warnings that ICOs are a good platform for scammers. Zaslavskiy was, according to the SEC, selling unregistered securities and issuing digital tokens or coins… [Continue Reading]
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