The U.S. Securities and Exchange Commission asked a judge on Thursday to make messaging service turned blockchain developer Telegram open its books in an effort to stop what it believes is an illegal securities offering. Telegram raised $1.7 billion in the first quarter of 2018 by pre-selling 2.9 million gram tokens.
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RECoin, Diamond ICO scammer Maksim Zaslavskiy jailed 18 months
Prosecution of the RECoin and Diamond initial coin offering set precedent defining cryptocurrencies as securities
Maksim Zaslavskiy was sentenced to 18 months in prison on November 18 for conspiracy to commit securities fraud in the RECoin and Diamond initial coin offerings.
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Telegram to SEC: Liar, liar, pants on fire!
The maker of the TON blockchain’s whiny response to the agency’s lawsuit stopping a $1.7 billion token sale is the latest example of the industry’s willingness to fight the Securities and Exchange Commission
The Securities and Exchange Commission doesn’t understand cryptocurrencies, is unfair, and is out of touch with what its own commissioners are saying in public.
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Alexander Zhuravlev, managing partner of the Efficient Business Resources (EBR) law firm, chairman of the commission for the legal support of the digital economy in the Moscow branch of the Russian bar association, and cofounder of the additional education program at the Russian organization of BCL, or Blockchain Lawyers (via Alexander Zhuravlev).‘If legislation does not exist, is everything permitted?’: An in-depth look at Russia’s long path to crypto legislation
Russia has been struggling to pass comprehensive cryptocurrency reform for over two years. With the bill on crowdfunding finally set to go into effect in 2020, what’s going on with the arguably more crypto-related bill on digital financial assets?
Russia’s path to cryptocurrency legislation been long and complex, but that’s nothing out of the ordinary for a country seems to do a lot of things the hard way.
