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NJ Cites Cryptocurrency Co. For Unregistered Securities

Law360 (March 7, 2018, 6:22 PM EST) -- New Jersey has ordered an electronic cash investment vehicle to stop offering allegedly unregistered securities in the state as part of its efforts to crack down on cryptocurrency fraud, the attorney general announced Wednesday.

The state’s Bureau of Securities has slapped Bitcoiin B2G — not to be confused with the better-known bitcoin — with a cease-and-desist order for allegedly violating the state’s Uniform Securities Law by offering investors unregistered securities in its initial coin offering of its cryptocurrency, according to a joint statement by Attorney General...
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