New Jersey court pauses SEC suit against CG Blockchain
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.
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.
It turns out that opening up a crypto exchange on your own isn’t a great idea.
Pockettins could be in big trouble for its initial token offering, as New Jersey believes it qualified as a security.
The company offers unregistered security via an investment pool guaranteeing a return of up to 10% daily to investors.