Rules and Regulations

Cryptocurrencies and Online Marketing: Legitimate Business or Pyramid and Ponzi Schemes?

The Internet is a double-edged sword, presenting at once possibilities for business opportunities undreamed of twenty years ago – fast and cheap communications, multitudes of customers, “frictionless” commerce – and possibilities for fraudulent practices on a scale heretofore unimagined – Ponzi, pyramid, and illegal “multi-level marketing” (MLM) schemes that can use the reach of the Internet to victimize tens of thousands of people. Where do cryptocurrencies like Bitcoin (the most popular and well known), Ethereum, and Ripple and efforts to market them fit into this mix of legitimate and fraudulent activities?

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