Crypto Market Maker Faces Legal Battle
The US SEC has charged Cumberland, a Chicago-based crypto market maker, with operating without registration in securities transactions totaling over $2 billion. The complaint alleges that since March 2018, Cumberland has bought and sold crypto assets classified as securities without proper registration. Cumberland disputes these allegations, emphasizing their ongoing dialogue with the SEC.
The SFC aims to increase the number of licensed platforms by the end of the year
Another Crypto Exchange Facing Big Issues
The story behind Kucoin's legal issues, massive crypto assets exodus and answers to the user data sharing in India