Texas: the authority publishes a report on crypto-crime

the The Texas securities authority, the Texas State Securities Board has published a report, by specifying what it has done in the past year against crime in connection with crypto-currencies. In total, the authority distributed 244 years in prison.

By Phillip Horch
8. February 2019BTC$3.645,61 7.53%part Facebook Twitter LinkedIn xing mail

crimes in connection with crypto-currencies, to clarify, is not covered by the apparent anonymity of the Blockchain always easy. Just schemes and manipulation possibilities of Fraud at Bitcoin exchanges, there are also prevents such as the U.S. Securities and Exchange Commission, to approve a Bitcoin ETF. The justification, it is said again and again, do not lie in the fact that the Ecosystem is still safe enough. Current cases such as the canadian Bitcoin exchange QuadrigaCX in this context are not conducive to the Image of the industry to upgrade. However, the international authorities are slowly, but steadily. Accordingly, there is a recent report from the U.S. state of Texas, certified fraud to the authorities, success in the fight against crypto.

Texas takes crypto-scammer-proof

the Texas securities authority swung the regulation of lasso in the last year, to hold any crypto-criminals. How the Texas State Securities Board reported in a current report, you distributed a total of 16 orders to alleged fraudulent crypto-investors. The other balance sheet: in the year 2018, the authority revealed that over 60 persons, the feilboten, apparently without the registration of the crypto-currencies.

From Texas it is therefore in summary:

In the year 2018 examined and the state securities regulators supported the prosecution of twelve persons, which led to prison sentences for a total of 244 years.

In addition, the Texas State Securities Board ordered refunds worth a total of US $ 13.2 million. Among their successes, the authority entered finally, it is also the case BitConnect. Accordingly, succeeded to the Texans 4. January 2018, Bitconnect to cut the power. As you can see from the published Report, this led to an immediate Shutdown of the crypto-Scams:

Our emergency action stopped the fraud, with immediate effect, BitConnect lost almost immediately 99 percent of their market capitalization. This amounted to 2.6 billion US dollars.

in the end, the Texas authorities help here, too, that the Bitcoin Ecosystem is a little safer. Then it works maybe at some point with the Bitcoin ETF.

Read also: The biggest MLM Scams in the Bitcoin world and what today is left of them

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