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Cryptoassets & Blockchain Legal News

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United States

Freedom of Information Request on BitConnect rejected

February 20, 2018 by Ashley MAO

A Freedom of Information Request (FOIA) on the BitConnect cryptocurrency investment scheme has been denied by the U.S. Securities and Exchange Commission (SEC) on the basis of an exemption, typically used in connection to data tied with law enforcement.

Florida lawyer David Silver who filed the FOIA has previously received a similar rejection letter to his FOIA on the Tezos blockchain project. His latest request was filed as part of legal services he provides to BitConnect. While the rejection letter doesn’t specifically confirm the existence of an investigation, Silver said that the Commodity Futures Trading Commission (CFTC) had been in touch with him which, according to him, proves that an inquiry in deed underway.

 

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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