Despite how people portray it, the cryptocurrency market is far from perfect. There are still a vast variety of scams that exist along with projects that do not have the best intentions in mind for consumers. Forbes reported that on Tuesday, the Texas State Securities Board issued statements which called for two cryptocurrency firms to cease their operations on Texan soil.
Texas State Securities Board And BTCRUSH Square Off
On Tuesday, the Texas State Securities Board called for BTCRUSH, a self-described cryptocurrency mining firm, to cease their business operations within the state. The Securities Board found that the services which BTCRUSH were promoting were not allowed to be sold in Texas without proper licensing. Even if the company had obtained the required licensing, the agency determined that the company’s operations were fraudulent.
Texas Securities Commissioner Travis Iles found that the information and the videos shown on the BTCRUSH website claiming to depict their mining operations were fake. The website claims that one of their mining farms is located in a “bunker of second world war times” and displays video footage purporting to be of the actual farm. The videos and subsequent …
Read more –> click here all content is copyright Bitcoinist.
Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..
Powered by ABITCO.IN