Mon. Feb 18th, 2019

Cease and Desist Order to 4 Crypto Firms – Colorado Securities Commissioner

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Nov 9 – Colorado State Securities Commissioner Gerald Rome issues a cease and desist order to four Initial Coin Offerings (ICOs) for offering unregistered securities. The order was part of a state operation carried out by the “ICO Task Force” within the Department of Regulatory Agencies (DORA).

Rome signed four orders towards Bitcoin Investments Ltd. – with subsidiaries as DB Capital — PinkDate, Prisma, and Clear Shop Vision Ltd. After these new orders signed, the total orders signed against ICOs till date by DORA amount to 12. Bitcoin Investments claims to be an investing firm in Blockchain with over $700 million assets under management. The company promises a daily return of 1 percent alongside additional “DB Tokens” through internal trading.

Per the notice, all mentioned companies have to immediately cease and desist all alleged violations of the Colorado Securities Act, including unregistered securities and fraud.

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