SEC takes ac­tion against crypto ex­change

The Daily Telegraph - Business - - Business -

The US Se­cu­ri­ties and Ex­change Com­mis­sion has taken its first en­force­ment ac­tion against a cryp­tocur­rency ex­change. Zachary Coburn’s EtherDelta mar­ket­place ex­e­cuted more than 3.6m or­ders with­out reg­is­ter­ing as an ex­change. He paid a $75,000 (£57,000) fine as well as $313,000 in dis­gorge­ment and in­ter­est.

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