Is crypto token legal? Sales regulation
The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or Federal law, or (ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.
Can lawyers accept cryptocurrency? Bitcoins are digital currency, and yes, lawyers are beginning to accept them from clients. They are also known as virtual currency or cryptocurrency since cryptography is used to control Bitcoin creation and transfer.
Can you sue someone over cryptocurrency? Cryptocurrency and blockchain litigation can be in the form of a class action or a single suit. Some people suing entire cryptocurrency exchanges sue as a class in the hopes of assisting all of those affected.
How can you tell a fake crypto exchange? “If an exchange promises a rate of return on an investment that seems way too good to be true, it most likely is not true. Any offers of guaranteed returns should be considered as suspicious as well. Given that the cryptocurrency market is very volatile, you will never know how much you will gain or lose.