You are here: Home » Reuters » News
Business Standard

U.S. agency's virtual currency oversight faces court challenge

Reuters  |  BOSTON 

By Nate RaymondBOSTON (Reuters) - An obscure virtual currency called My Big Coin is now at the center of a closely watched case that could determine whether the U.S. Commodity Futures Trading Commission has the authority to combat fraud associated with cryptocurrencies.Amid a crackdown on virtual currency scams, the U.S. regulator in January sued technology entrepreneur Randall Crater and a company he founded, alleging they perpetrated a $6 million fraud on people who wanted to buy My Big Coin.Lawyers not involved in the lawsuit say that Crater's case raises a novel challenge to CFTC ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 13 2018. 23:11 IST