Steven Seagal will pay $314,000 to settle allegations of unlawful cryptocurrency advertising, the US Securities and Exchange Commission (SEC) said. In 2018, the actor on social networks urged people not to miss the opportunity to participate in the initial public offering of cryptocurrency (ICO) Bitcoiin2Gen (B2G).
A man from Ohio, USA, is facing charges which could see him refund up to $33 million for violating US federal anti fraud regulations set by the US Securities and Exchange Commission (SEC). SEC revealed that Micheal W. Ackerman is indicted for fleaching more than $33 million from about 150 investors subscribed to his cryptocurrency platform.
Blockchain initiatives could get a 3-year immunity or grace period from U.S. securities laws to create distributed systems. As per the latest Safe Harbor application by Hester Peirce, U.S. SEC Commissioner.
The Russian entrepreneur who is also the CEO of Telegram Group Inc., Pavel Valerievich Durov, fended off hearsay from the attorney of the United States SEC – an agency responsible to put the federal laws into practice, and also monitor and regulate electronic securities in the US - that his firm’s 2018 cryptocurrency sale was done to top-up its cash reserves.
The Malaysian Government, under its Securities Commission, recently announced the creation of a new digital currency Regulatory Framework. The new guideline is to control transactions involving crypto currency Tokens within the country's borders.