Judge Orders Manchester Tech Firm to Pay $111k Fine Over Cryptocurrency Sales

A federal judge ordered a Manchester based tech company to pay $111,000 in fines over cryptocurrency sales.

Officials say the company LRBY violated security regulation by failing to register its own crypto as security and promoting its potential value to investors.

LRBY said the government didn’t have clear rules on crypto and began offering it during a time of great uncertainty to the regulatory requirements.