[2014 - 12 - 08] Reuters - Operator of bitcoin stock exchange penalized by U.S.

[OleOle]

Operator of bitcoin stock exchange penalized by U.S. SEC

WASHINGTON Mon Dec 8, 2014 4:37pm EST


"(Reuters) - The operator of a stock exchange that allowed clients to use bitcoins to trade in certain securities was ordered by U.S. regulators to pay $68,000 to resolve claims that he did not register the exchanges.

During 2012 and 2013, Ethan Burnside and his company, BTC Trading Corp, operated two online exchanges through which account holders could buy, sell and trade securities of companies in the virtual currency business, the Securities and ExchangeCommission said on Monday in announcing the settlement."


Full article at:

http://www.reuters.com/article/2014/12/08/us-sec-bitcoin-idUSKBN0JM27620141208?feedType=RSS&feedName=technologyNews


 

[medicine]

Very sorry to hear this.  Burnside ran extremely interesting and useful experimental sites in btc.tc and ltcglobal.  I was very sad when he took them offline and today am disappointed in this news.   
It was and is a calculated risk to pursue freedom of expression in the USA and I hope it was worth it. 
Still to this day my favorite bitcoin related site. 

Hope your well Burnside.

[runam0k]

Indeed.  It's fair to say the scene has not been the same since BTC-TC shut down.  Part of the high price paid for Bitcoin's developing fame/notoriety, I guess.