Virtual currencies might be categorized under (1) currency (like dollar/pound) (2) commodity (coffee/corn) (3) security (stock/bond). The regulations for these things are all different. Insider trading is heavily regulated in security market, not as much in commodity and currency market. So it is kind of hard to charge someone with insider trading in cybercurrency because current law doesn't exactly fit.
The case raised by LaoMao is charged under wire fraud. This is easier because these people used interstate wires (internet and phones) to commit fraud because there are communications between them.
In LZ's case, even he didn't communicate with someone else, as long as he's looking at cyberexchange's trade over the internet and use that information to make money, he might have committed wire fraud. The database might not be local to LZ's office computer, the data was probably copied over inter-state fiber connections, so it might well be wire fraud.
我目前正在帮助区块链公司做数据库的数据存储，看见了里面用户的交易数据，发现里面有庄家的身影，我可以看见庄家的实时交易动向，我如果跟着庄家屁股后面盈利，这会不会触犯相关法律
https://www.justice.gov/usao-sdny/pr/three-charged-first-ever-cryptocurrency-insider-trading-tipping-scheme
Virtual currencies might be categorized under (1) currency (like dollar/pound) (2) commodity (coffee/corn) (3) security (stock/bond). The regulations for these things are all different. Insider trading is heavily regulated in security market, not as much in commodity and currency market. So it is kind of hard to charge someone with insider trading in cybercurrency because current law doesn't exactly fit.
The case raised by LaoMao is charged under wire fraud. This is easier because these people used interstate wires (internet and phones) to commit fraud because there are communications between them.
In LZ's case, even he didn't communicate with someone else, as long as he's looking at cyberexchange's trade over the internet and use that information to make money, he might have committed wire fraud. The database might not be local to LZ's office computer, the data was probably copied over inter-state fiber connections, so it might well be wire fraud.