Wednesday 7 November 2018

Texan regulator slaps Australian cloud mining firm with cease-and-desist


An Australian-based cryptocurrency mining service has been told to cease its operations by regulators from the other side of the globe. The Texas State Securities Board (TSSB) issued an emergency cease-and-desist order yesterday, to Automated Web Services Mining (AWS Mining). Any similarities you might spot in that acronym (cough Amazon Web Services cough) are – hopefully – coincidental. AWS Mining was responsible for a number of subsidiary companies that have also been named and included in the cease-and-desist order. According to the court documents, customers of AWS Mining and its subsidiaries had been promising returns of 200 percent on investments.…

This story continues at The Next Web
https://ift.tt/2Ow2eEB Matthew Beedham November 07, 2018 at 06:00AM

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