![]() ![]() “As innovation in the online cryptocurrency-related investment market continues, market players need to understand that the rules still apply to them.” “Today’s action demonstrates that our Bureau of Securities stands ready to enforce our investor protection laws in cases involving initial coin offerings and cryptocurrency-related investment schemes,” said Attorney General Grewal. Gerold serves as NASAA’s President-Elect. Bureau of Securities Chief Christopher W. State and provincial securities regulators in the United States and Canada are participating in the sweep, which is being coordinated by the North American Securities Administrators Association (NASAA), of which the Bureau is a member. The Cease and Desist Orders against Zoptax LLC a/k/a Zoptax and Unocall were announced today as part of “Operation Cryptosweep,” an international crackdown on fraudulent Initial Coin Offerings (“ICOs”) and crypto currency-related investment schemes. Grewal and the Division of Consumer Affairs announced that the Bureau of Securities (“the Bureau”) today issued two emergency orders to stop online cryptocurrency-related investment entities from fraudulently offering unregistered securities in New Jersey. ![]() NJ Actions Part of International “Crypto-Crackdown” New Jersey Bureau of Securities Orders Two Online Cryptocurrency Promoters to Stop Offering Unregistered Securities in the State ![]()
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