North Dakota Slaps Russian ICO Passing Off as Union Bank AG with Cease and Desist16

The securities commissioner of North Dakota has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order. According to Karen Tyler, North Dakota’s securities commissioner, Union Bank Payment Coin promoted unregistered securities that were potentially fraudulent via an Initial Coin Offering (ICO). This came on the back of investigations done by North Dakota

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https://www.ccn.com/north-dakota-slaps-russian-ico-passing-off-as-union-bank-ag-with-cease-and-desist/

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