SEC Charges Bitcoin Mining Companies

SEC Charges Bitcoin Mining Companies

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Washington D.C., Dec. 1, 2015 &mdash,

The Securities and Exchange Commission today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors.

According to the SEC&rsquo,s complaint filed ter federal court ter Connecticut, &ldquo,mining&rdquo, for Bitcoin or other virtual currencies means applying rekentuig power to attempt to solve complicated equations that verify a group of transactions te that virtual currency. Read more “SEC Charges Bitcoin Mining Companies”