William Green pleaded guilty to operating Destination Bitcoin, which authorities said is an unlicensed digital currency exchange, from August 2017 to February 2019 via a website and various referrals.
A New Jersey watchdog has recommended the quick implementation of regulation to govern digital currency ATMs in the state.
The Digital Asset and Blockchain Technology Act seeks to bring digital currencies under the oversight of the state’s Department of Banking and Insurance.
A New Jersey court has hit pause on a case brought by the SEC against two defendants who organized a $30 million ICO scam under CG Blockchain and BCT Inc.
Prosecutors in New Jersey have intervened in the SEC case against CG Blockchain, claiming that it interferes with a parallel case against the defendants.
Crypto companies in the state of New Jersey will have to obtain a license from the Dept. of Banking and Insurance if a new proposed bill is signed into law.
The two companies were accused of offering unregistered ICOs.The two companies were accused of offering unregistered ICOs.
Pockettins could be in big trouble for its initial token offering, as New Jersey believes it qualified as a security.