Colorado State Cracks Downs on Unregulated Cryptocurrency Businesses0.68

Colorado’s state Division of Securities issued a cessation order to four cryptocurrency firms for issuing unregistered securities through Initial Coin Offerings (ICO). So far, the state’s Securities Commissioner has issued cease and desist orders to twelve ICOs for the same offense.

According to a publication on the regulator’s website, the State’s Division of Regulatory Agencies (DORA) instituted an “ICO Task Force” in May to probe possible fraudulent projects aimed at cryptocurrency investors. These recent orders issued to Bitcoin Investments, Limited, Prisma, PinkDate, and Clear Shop Vision Limited are based on the findings of the ICO Task Force.

Original source
https://ethereumworldnews.com/colorado-state-cracks-downs-on-unregulated-cryptocurrency-businesses/

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