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SEC sanctions operator of Bitcoin-related stock exchange for registration violations

( December 8, 2014, 19:08 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission on Monday sanctioned Ethan Burnside for operating two online venues that traded securities using virtual currencies Bitcoin or Litecoin without registering the venues as broker-dealers or stock exchanges. Burnside significantly cooperated with the SEC’s investigation and agreed to settle the case by paying more than $68,000. He is also barred from the securities industry.Statement follows in full. Also see document below. ...

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