New Jersey Regulators To Shut Down Bitcoin Investment Company

  • Alex Dovbnya
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New Jersey Regulators To Shut Down Bitcoin Investment Company

The New Jersey Bureau of Securities issued a cease and desist order to Bitstrade, an investment company taking Bitcoin payments and promising users 10 percent returns from an investment pool. Regulators say that the company is defrauding investors and violating New Jersey’s Uniform Securities Law.

Cover image via u.today
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