Cryptocurrency exchanges, be warned. There’s no out-innovating the regulatory reach of the U.S. Securities and Exchange Commission.
Clarifying an announcement yesterday that the SEC is in the middle of its first ever case against a cryptocurrency exchange running on the ethereum blockchain, the chief of the SEC’s newly created cyber unit, Robert Cohen, exclusively told Forbes that using any blockchain to create an exchange without central operations doesn’t remove the original creator’s responsibility.
via SEC Cyber Chief Puts A New Type Of Cryptocurrency Exchange On Notice.
