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Landmark ruling in US holds that issue of digital currency is a sale of unregistered securities.

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NY court gives landmark ruling that issue of digital currency amounts to sale of unregistered securities and cannot proceed.

https://uk.reuters.com/article/legal-us-otc-telegram/sec-wins-injunction-against-telegram-blockchain-launch-in-key-ico-case-idUKKBN21C3N0

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