The SEC has charged two initial coin offerings with defrauding investors

The Security and Exchange Commission today has charged both a diamond and a real estate initial coin offering scheme with defrauding investors. REcoin, which promoted itself as the first cryptocurrency-backed real estate company and DRC World, a diamond company, are owned by businessman Maksim Zaslavskiy. The SEC accuses Zaslavskiy of selling unregistered securities and coins …

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