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Thursday

26 November 2020

Texas Cracks Down on Allegedly Fraudulent Crypto Platforms - Decrypt

Texas Cracks Down on Allegedly Fraudulent Crypto Platforms - Decrypt


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Iles hasannouncedon Thursday a “series of sweeping actions” against 14 allegedly fraudulent cryptocurrency, forex and binary options investment platforms that operated in the state under false pretenses.

Apart from posing as a cryptocurrency, forex and options markets expert on his social media accounts, Blundell was allegedly using images of his binary options trading license issued by Texas City and a local driver’s license.

Likewise, cryptocurrency, binary options and forex investment platform GenuisPlanFxPro alsofalsely claimedthat it operates from Austin, Texas, and is licensed and regulated as “e-gaming” by the Isle of Man Gambling Supervision Commission, added Iles.

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