In the United States has prosecuted major cryptomeria
Us financial regulators have begun to prosecute hedge funds and brokers that work with cryptocurrency.
The Commission on securities and stock exchanges of the USA is now beginning to engage large companies in kriptonyte. On Tuesday, the SEC fined the hedge Fund Crypto Asset Management, has invested in the virtual currency and has raised $3.6 million from 44 investors. The Commission was outraged that the head of the organization has positioned the company as the first adjustable cription. The Manager and the company was ordered to pay a fine in the amount of $200 thousand.
In another case, the regulator prosecuted the company TokenLot in trade tokens, acting as mediator and broker. According to SEC, many digital assets are securities, and therefore transactions with them, the organizers had to obtain the appropriate approvals. The two founders were ordered to pay a fine of $560 thousand, to shut down the website for a minimum of three years not to engage in brokerage activities. From July 2017 TokenLot took more than 6000 thousand of orders from investors.
The regulatory authority financial industry (Finra) on Tuesday filed a complaint against Timothy Tilton Ira and his company Rocky Mountain Ayre, engaged in the illegal distribution of HempCoin and fraud with securities. Digital assets were the equivalent of 0.1 of stock in a publicly traded company. According to Finra, the SEC inspection revealed that Rocky Mountain Ayre tried to attract public funds, many OTC securities that are secured by commodities (hemp).
At the end of 2017, investors have invested more than $81 million buying the unregistered coins HempCoin and shares of the company. The decision on charges has not yet been made, as an individual or a company can appeal against the decision of the Commission. The nakaschanie could be a fine, a ban or suspension, or the withdrawal of securities, income.
While some companies try to circumvent legislation by using cryptocurrency, one of the largest financial conglomerates Citigroup is developing an adjustable tool that will help institutional investors to store bitcoins.