Texas Regulator Bans Fifteen Cryptocurrency Companies

Texas securities advice (Tssb) He ordered fifteen companies, associated with cryptocurrencies, stop working. The regulator said, that ten of these companies is controlled by one person.

TSSB banned the work of fifteen cryptocurrency companies, including organizations, offering trade in Forex markets and binary options. Ten firms are named in the first order: Proactive Expert Trading, Reliable Miners, BitcoinFX Options, Sure Trade Earnings, CryptoTradeFXWay, Proactive ExpertTrade, ReliableFX Internal Trade, MaxFX Internal Trade, AntPoolTop Mining и ExpertTrades247. According to the regulator, All ten companies were actively promoted on social networks by one person - James Blandell (James Blundell).

In the second order, the work of three companies is prohibited: Binary Trade Forex, Fx trades и iqrade. According to the regulator, These companies did not receive permission to sell securities in Texas. They offer very profitable investment options with a low level of risk, at least, According to customer reviews. but, According to TSSB, The reviews are false.

In the third order, a cryptocurrency platform for binary options and forex investment called Genuisplanfxpro is named. The platform falsely claims, which owns several international financial licenses. TSSB employees say, that all fifteen companies are united by competent use of social networks to attract investors. Director for ensuring compliance with Joe Rotonda regulation (Joe Rotunda) said:

“Attackers know, how to use social networks and sites on the Internet to create the visibility of legal operations. They can also use this technology, to quickly cover a large number of potential victims. Their websites and social networks often stop working sharply, And scammers disappear. In many cases - along with money ".

Recall, that in July the Texas regulator was ordered by Mirror Trading International (MTI) stop BTC trade and foreign currencies, Having called the company a multi -level fraudulent scheme.