Texas Takes Aim at Overseas ICO with Cease-and-Desist

Texas Takes Aim at Overseas ICO with Cease-and-Desist

A state securities regulator in Texas has put out yet another cease-and-desist order on cryptocurrency-related activities. According to an emergency order signed on Jan. 24, the Texas State Securities Board (TSSB) is taking aim at a Hong Kong-based firm dubbed R2B Coin, which the agency alleges is issuing unregistered securities to Texas residents with false and misleading information. According to the R2B website, the firm says its pre-mined cryptocurrency "R2B Coin" will have an offering price ranging from $0.008 to $188. It further claims that "R2B Coins will reach $200 within three months after the start of trading, and […]

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