US State of Texas Issues Emergency Orders Against Two Crypto Mining Companies

Texas State Securities Board (TSSB) has issued emergency cease and desist orders against two foreign-based cryptocurrency mining companies, Australian AWS Mining, and Canadian EXY Crypto, for working without registration in the state and engaging “in frauds.” Both companies used social media as the main channel to promote their activities among Texans with misleading information, TSBB said on Tuesday.

AWS Mining, which is based in Sydney, offered crypto mining power contracts and guaranteed “200% profit, TSBB explained. The company used various social media to advertise its investment offerings to Texans. Moreover, it has a program for hiring sales agents without having the required registration. AWS Mining also owns MyCoinDeal, a wallet t…

This article appeared first on Cryptovest

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