Federal Trade Commission Files Lawsuit, Targets ‘Deceptive Cryptocurrency Schemes’

The FTC has filed a lawsuit against two companies that have reportedly defrauded somewhere around 30,000 people worldwide, affirming their intent to disallow major cryptocurrency scam projects. Cracking Down on Crypto Scams The FTC’s primary focus is to protect consumers and enforce the legal framework that creates a competitive market, and they’re starting to take notice of the cryptocurrency space. There have been many questionable projects and quite a few outright scams. Some have promised absurd<br />Read More<br />The post Federal Trade Commission Files Lawsuit, Targets &#8216;Deceptive Cryptocurrency Schemes&#8217; appeared first on Bitcoinist.com.

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