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Texas securities board takes action against hoax ‘Binance’-branded scheme

Published 03/16/2021, 05:43 AM
Updated 03/16/2021, 07:20 AM
Texas securities board takes action against hoax ‘Binance’-branded scheme

Texan regulators have, for some time now, viewed cryptocurrency investment schemes as a risk to Main Street investors, and have continued to issue public warnings against possible crypto-related scams during the COVID-19 pandemic.

The latest move from the Texas State Securities Board, or TSSB, is action not words — an emergency cease and desist order against an entity misappropriating the Binance name.

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