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Accused Fraudster Says Cryptocurrencies Aren't Securities

By Jon Hill (February 27, 2018, 10:26 PM EST) -- A Brooklyn businessman whom the government has charged with securities fraud over two initial coin offerings allegedly marketed through his companies REcoin and Diamond Reserve Club urged a New York federal court on Tuesday to dismiss the government's indictment, arguing that cryptocurrencies such as those involved in the offerings aren't actually "securities" under the law....

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