The United States’ treatment of cryptocurrencies just shifted slightly after a New York federal judge came up with a ruling establishing a precedent that would treat certain cryptocurrencies as securities, Reuters reports.
This came after district judge Raymond Dearie gave the go-ahead for federal prosecutors to continue their work on the case of a man named Maksim Zaslavskiy, who was arrested on charges of fraud involving two cryptocurrencies. The legal argument for this pursuit involved a violation of the Securities Exchange Act of 1934.
The prosecution argues that Zaslavskiy defrauded investors of $300,000 with two digital coins - REcoin, which, he told investors...
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