Regulators have, understandably, taken a little while to catch-up to the implications of blockchain technologies in financial transactions. But they have been gaining knowledge and understanding over the last couple of years and, I think, are now in a position to start taking enforcement actions that they might have hesitated to bring a few years back.
U.S. state authorities have taken action against a cryptocurrency provider and investment platform accused of being a Ponzi scheme and offering fraudulent investment promises, in a move legal experts believe could be a sign of greater activity in the sector. [...] “I would expect that we will see a good bit more enforcement activity in 2018 around cryptocurrency platforms in general, and certainly more around platforms that are, like BitConnect, being promoted as something more than a simple payment mechanism,” said Dennis Ehling of Blank Rome.