Just read Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds

Texas Securities Watchdog Takes Action Against 3 Alleged Crypto Frauds

The Texas State Securities Board has taken emergency action against three crypto investment schemes it alleges are attempting to defraud local investors. In the second emergency order, the Texas regulator is targeting DGBK Ltd., or DigitalBank, a firm that is soliciting funds to develop a claimed "hack-proof" crypto wallet device. Further, the investments being offered by the firm are unregistered securities under Texas law, according to the order. The securities board said it considers that the investments being offered by the supposed firm are securities in Texas, but the firm is not registered with the state's securities board. Texas State Capitol image via ShutterstockThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

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Wednesday, September 19, 2018