Clearly he is
not against cryptocurrency technology, but we won't know what his stance is for blockchain assets that are not state controlled.
It is worth to say, that there already are some
claims against the cryptocurrency exchange where traders require to pay damages that were caused by a ban on a money withdrawal.
Right now, there's no good place for them to go to bet
against the cryptocurrency market other than expensive futures markets like the CME and centralized exchanges.
The government can take measures
against cryptocurrency investors who evade taxes or launder money, but it should not concern itself with protecting people from market bubbles.»
Recently, the Internal Revenue Service (IRS) won a court
case against cryptocurrency exchange Coinbase that required the exchange to turn over information on 14,355 users who, between 2013 and 2015, exchanged at least $ 20,000 worth of bitcoin.
The U.S. Commodity Futures Trading Commission leveled multiple
lawsuits against cryptocurrency investment schemes this week, two of which were filed in New York.
Over in Luxembourg, the financial regulator (CSSF) issued a
warning against cryptocurrency investments and ICOs, mentioning the increased risks associated with them.
China is opening a new front in its
battle against cryptocurrencies, targeting platforms that allow the nation's investors to trade digital assets on overseas exchanges, people familiar with the matter said.
The imposition of
fines against cryptocurrency exchanges for poor security measures is optimistic for the South Korean cryptocurrency market in the long run, because it has shown that the government has taken the approach of regulating the market and protecting investors, rather than issuing an outright ban on cryptocurrency trading.
There is a higher need now for extra protection
against cryptocurrency mining scripts as there are over three million websites that are exposed to cryptojacking, according to reports.
In mid-February, New Jersey's securities regulator issued an emergency cease and desist
order against cryptocurrency investments firm Bitstrade for fraudulently offering unregistered securities to customers.
Throwing a tire into the dumpster fire was a preliminary injunction handed down yesterday by Judge Jack B. Weinstein,
ruling against a cryptocurrency trading advice firm in a case brought by the Commodity Futures Trading Commission.
A South Korean cryptocurrency regulator in charge of «devising
measures against cryptocurrency speculation» was found dead in his home from an apparent heart attack on Monday, semiofficial government news agency Yonhap News reports.
Even when Facebook took a
stand against cryptocurrency scams and banned any advertising therein, it was quickly circumvented with clever ploys.