US Attorney General Maryland, Brian E. Frosh, announced in a press release on Wednesday August 15th that his securities department is currently participating in "Cryptosweep Operation".
Cryptosweep Operation Launch
Cryptosweep operation is the operations team of the North American Securities Administrators Association (NASAA). Which was created in 2018 to "begin a coordinated series of investigations into fraudulent ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details programs and cryptocurrency investment products."
The latest cryptocurrency news at showed that Cryptosweep is the largest coordinated investigation by state and provincial officials.
In a press release, Frosh said: "The Maryland Securities Department is involved in the operation. The division began enforcement against the Bitcoin tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details platform, which lured potential investors with an estimated 150% return on passive investments."
According to the Maryland Attorney General, since the beginning of 2019, "35 pending cases regarding initial coin offerings (ICOs) and cryptocurrency investment products have been completed by state and provincial securities regulators in the United States and Canada."
"Investing in cryptocurrency is risky. Investors should be especially careful when dealing with owners who claim that their company should not be registered with securities regulators," – said Frosch.
Adding: "Explore the product before investing. Be aware of the risks and contact the Maryland Securities Department with any concerns before parting with your hard-earned money."
The US Securities Department launches the "Cryptosweep Operation". Recall, on August 9, a new vacancy opened on the official website of the US Department of Commerce. According to the description of the new workplace, the Ministry of Commerce is looking for a specialist in blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details and cryptocurrencies.
Editor: Yuliya Soroka