CryptoTC
Crypto Fat Cat
And good for them. Scams are numerous in crypto. Almost ubiquitous really. Whether is a Ponzi like BitConnect or scam ICO, they need to go away. Hopefully this effort will continue, and maybe a few convictions will discourage new scams from popping up.
Coindesk coverage: US, Canadian Regulators Launch Dozens of Crypto Scam Probes - CoinDesk
“An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators in Canada and the United States.
Dubbed "Operation Cryptosweep," the effort was unveiled during a Monday event hosted by the North American Securities Administrators Association (NASAA). Its existence was first reported by the Washington Post and later detailed in releases from the Tennessee Department of Commerce and Insurance (TDCI) as well as the Texas State Securities Board (TSSB).
Cryptosweep, according to statements, constitutes "nearly 70 inquiries and investigations and 35 pending or completed enforcement actions since the beginning of the month." More investigations are said to be underway, though it's unclear when any related enforcement actions will be unveiled.
The effort gathered steam in April when a task force comprised of NASAA members was convened "to begin a coordinated series of investigations into ICOs and cryptocurrency-related investment products," the TDCI said. Initial coin offerings (ICOs) or token sales were a major focus and officials reportedly identified hundreds for further inquiry.”
Coindesk coverage: US, Canadian Regulators Launch Dozens of Crypto Scam Probes - CoinDesk
“An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators in Canada and the United States.
Dubbed "Operation Cryptosweep," the effort was unveiled during a Monday event hosted by the North American Securities Administrators Association (NASAA). Its existence was first reported by the Washington Post and later detailed in releases from the Tennessee Department of Commerce and Insurance (TDCI) as well as the Texas State Securities Board (TSSB).
Cryptosweep, according to statements, constitutes "nearly 70 inquiries and investigations and 35 pending or completed enforcement actions since the beginning of the month." More investigations are said to be underway, though it's unclear when any related enforcement actions will be unveiled.
The effort gathered steam in April when a task force comprised of NASAA members was convened "to begin a coordinated series of investigations into ICOs and cryptocurrency-related investment products," the TDCI said. Initial coin offerings (ICOs) or token sales were a major focus and officials reportedly identified hundreds for further inquiry.”
