Colorado Regulators Crack Down on Four More ICOs
Colorado regulators took action against four ICOs last Thursday. The total number of cases in the country increased to 12 cases.
The provincial "ICO Task Force" scolded Bitcoin Investments, Ltd, PinkDate, Prisma and Clear Shop Vision Ltd. A spokesman for the Colorado Securities Department spoke to CoinDesk, but the unregistered securities they enrolled are Colorado residents.
Colorado Securities Commissioner Gerald Rome said CoinDesk,
"We hope that the state securities market and its internal investors will be protected from the immoral actors who commit fraud or use in some cases thorough theft using their passion for this field. We are working hard to carry out our business and we are continuing our efforts to build a regulatory framework for the industry with respect to securities. "
Rome added that measures were taken to develop Colorado as an "innovative leader" in the Cryptocurrency space. Since the ICO Task Force (ICO) Task Force was active since May, a few days after Colorado elected a password-friendly governor at Jared Polis, a member of Congress's Blechrochurch Caucus (CEC) An abort order was issued.
More US regulators are potentially taking steps to sell fraudulent tokens. In early Texas, Texas issued an emergency order to a mining company based in Australia and Canada.
According to CoinDesk's report in August, the Association of Securities Regulators of North America is conducting more than 200 surveys. The so-called "Operation Cryptosweep", in which the Colorado division is involved, is to block the cryptocurrency fraud.
NASAA's Bob Webster said it is coordinating the Cryptosweep effort.
According to Webster, Colorado has more active jurisdiction in the United States with Texas, North Dakota, and Massachusetts.
Anthony Tu-Sekine, head of the cryptocurrency division at Seward & Kissel LLC, says many regulators are fighting to fight many of Ponzi's policies.
Image of the State Capitol of Colorado through Shutterstock
CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
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