NASAA launches an investigation into over 200 allegedly fraudulent ICOs

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NASAA launches an investigation into over 200 allegedly fraudulent ICOs
By Matthew Beedham


The days of the pump and dump ICO may be numbered: the North American Securities Administrators Association (NASAA) is on the warpath, taking action against potentially dodgy cryptocurrency schemes. In an announcement made yesterday, NASAA revealed it has opened over 200 cases investigating possibly illegitimate, illegal, and fraudulent ICOs and cryptocurrency related businesses since its launch in May 2018. All under the codename “Operation Cryptosweep.” NASAA is a collective task force made up of representatives from the US, Canada, Mexico, Puerto Rico, and the US Virgin Islands. Its aim is to uncover illegitimate cryptocurrency scams, and protect potential unwitting investors.…

This story continues at The Next Web


August 29, 2018 at 08:29PM
via The Next Web https://ift.tt/2LB9wFN

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