United States of America: SEC lawsuit against BKCoin and its principal Kevin Kang for engaging in a crypto asset fraud scheme
Progress
Current status
under deliberation
06 Mar 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced SEC lawsuit against BKCoin for engaging in a alleged "crypto asset fraud scheme"
On 6 March 2023, the US Securities and Exchange Commission (SEC) announced that it had filed an emergency action obtaining an asset freeze, appointment of a receiver, and other emergency relief against BKCoin Management, a Miami-based investment adv…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body