The judge ruled that the ICO subject to the requirements of securities laws in the context of criminal law
Federal prosecutors won a key victory Tuesday when a judge ruled that the campaign for the initial location of the coins (ICO) are regulated in accordance with the legislation in the field of securities. About it writes Bloomberg.
A Federal judge in Brooklyn, new York, refused to remove from consideration the case in which a man is accused of promoting digital currencies, provided the investments in real estate and diamonds, which, according to the indictment, was a fiction.
District judge Raymond Deary agreed with the representatives of the prosecution about the fact that the coins are securities in the context of Federal criminal law.
Bloomberg does not, in its article details, however, it is clear that we are talking about a new York businessman of Ukrainian origin Maxim Zaslavsky, and against whom two belong to the companies Commission, securities and exchange Commission (SEC) filed charges in September last year.
Then it was reported that Zaslavsky was selling cryptocurrency secured by non-existent assets, two ICO: Diamond Reserve Club World and REcoin Group Foundation.
According to Zaslavsky, he assembled a “team of lawyers, professionals, brokers and accountants” to dispose of borrowed funds, but the SEC claims that no staff is to invest not hired. In November Zaslavsky was taken into custody, but the guilt he refused to admit.
We will remind, in Ukraine the hackers extorted UAH 30 000 in bitcoin for access to a hacked Instagram account. Malware gave hackers unauthorized account access users of the social network.
We also wrote that in the latest Android release 9.0 security researchers found a critical vulnerability. This was stated by the company Nightwatch Cybersecurity from the U.S., dedicated to research in the field of cybersecurity.