The Florida Division of Monetary Regulatory Affairs is contemplating a lawsuit towards U.S.-based cryptocurrency change Bittrex, which filed for Chapter 11 chapter safety in Might.

In filings with the Federal Chapter Courtroom for the District of Delaware, Florida on July 5, Workplace of Monetary Regulatory (OFR) Assistant Legal professional Basic Brandon Greenberg mentioned: Stated State regulators had been knowledgeable that Bittrex was not in compliance with Florida regulation. Greenberg mentioned the OFR nonetheless had “administrative discretion” over whether or not to cost Bittrex.

Learn extra on Cointelegraph