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    SEC accuses two digital coin creators of ripping off investors

    by 
    Mariella Moon
    Mariella Moon
    10.01.2017

    While initial coin offerings aren't prohibited in the US like they are in China and South Korea, authorities are still keeping a close eye on them. Case in point: the US Securities and Exchange Commission's first ICO-related charges brought against a businessman and his two companies. SEC has accused Maksim Zaslavskiy of defrauding investors by selling virtual currencies backed by assets that don't exist.