US State Shuts Down Cryptocurrency Mining Company

A U.S. state has issued a stop and desist order to an organization purportedly engaged in cryptocurrency mining. This order follows a brief stop and desist order to the corporate two months in the past which it didn’t reply to.

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Stop and Desist Order

The U.S. State of North Carolina issued a stop and desist order to Energy Mining Pool (PMP) final week. After some investigation, the state’s Securities Division declared:

The Securities Division discovered that PMP is violating the Securities Act by: a. providing unregistered securities within the type of ‘mining pool shares;’ b. providing securities whereas it isn’t registered to take action; and c. making materials misstatements when providing securities.

The order mandates the corporate and any particular person, worker, officer, director, entity, or impartial contractor beneath its path or management to completely stop and desist from promoting securities…

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