RATE Group | Colorado Investigating Three Cryptocurrency Firms
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Colorado Investigating Three Cryptocurrency Firms

29 Aug Colorado Investigating Three Cryptocurrency Firms

Posted at 08:48h in Cryptocurrency News by

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Colorado Investigating Three Cryptocurrency Firms

Regulation

The Colorado Department of Regulatory Agencies is investigating three cryptocurrency firms for promoting unregistered initial coin offerings in the state. The investigations are part of a growing trend of fraudulent companies looking to make quick money. All three firms failed to show up at a hearing to present evidence as ordered by the Commissioner.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Three Crypto Firms Being Investigated

Colorado Investigating Three Cryptocurrency Firms
Colorado Securities Commissioner Gerald Rome.

Members of the Division of Securities of the Colorado Department of Regulatory Agencies (DORA), and of the state’s initial coin offering (ICO) task force, have been investigating cryptocurrency firms for promoting unregistered ICOs in the…

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