My Big Coin founder arrested, charged with fraud
Randall Crater, founder of My Big Coin and MBC crypto, is being charged with four counts of wire fraud and three counts of unlawful monetary transactions.
Latest My Big Coin News
US court junks My Big Coin Pay’s attempt to dismiss CFTC lawsuit
A court in Massachusetts has backed the U.S. Commodity Futures Trading Commission (CFTC) in their interpretation of virtual currencies as commodities (and thus within the regulator’s jurisdiction), in the process dismissing a petition from the My Big Coin’s promoters to have the case set aside.
Legal challenge to CFTC may set precedent for crypto regulations in US
The legal challenge concerns a relatively unknown cryptocurrency, My Big Coin, which the CFTC alleges has been involved in a fraud estimated at $6 million.