The litigation tracker helps track details of litigation, fines and court judgments and determinations relating to cryptocurrencies. It could help investors willing to assess the flagged companies before making decisions.
Morrison Cohen, which is a litigation form, has launched the ‘MoCo Cryptocurrency Litigation Tracker’ that helps track litigations, regulatory actions, and pronouncements regarding cryptocurrencies, initial coin offerings, and blockchain.
It will not only track litigations and regulation issues in blockchain and crypto but will also help track details of the real litigations. For instance, it already tracks 4 litigations against Coinbase, 4 against Bitconnect and 1 against Bitfinex. The tracker even reveals the rulings of the court in the litigations.
For instance, it reveals that the court required Bitfinex to pay a fine of $75000 and a commitment. Since that it will not violate sections 4(a) and 4d of the Act, 7 U.S.C §6(a) and 6(d) (2012).
Thus, it will help determine what lawyers and regulators are doing in relation to existing legal frameworks on cryptocurrencies and blockchain.
The company specializes in international arbitration, real estate, mergers & acquisition, business law. It now also specializes in crypto and blockchain technology issues.
Help assess ICOs and exchanges
For people willing to invest in cryptocurrencies, the platform could come in handy by helping them review histories of the companies and agencies involved. You could also use the platform to make decisions on taking necessary actions. As well if you are already an investor in the involving companies.
That is not to say it solves every other hurdle in the crypto world. For instance, one of the major concerns for investors is to determine whether the projects new projects scams. So, investors may have to look elsewhere to assess new projects not already included in the tracker.