Missouri Secretary of State Issues Investor Alert on Bitcoin
It's been a while since we've heard about investor/consumer alerts on bitcoin, so why not start our Friday off with one from the State of Missouri'sSecretary of State? Jason Kander is throwing warning signs at investors who may just have an interest in putting their money into digital currencies. "With digital currency or any other emerging investment opportunity, the safest approach is to be cautious," he said in his statement. "It's important to recognize that in many cases not even the supposed Bitcoin and digital currency experts know enough about the product to help you make a fully....
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Missouri Secretary of State Jason Kander has ordered a local bitcoin mining hardware company to halt operations, citing a number of concerns. The mining company, Virtual Mining Corporation (VMC), is headed by CEO Kenneth E. Slaughter and has been involved in the bitcoin space since 2009. VMC's parent company, AMC, is currently developing 28nm ASIC mining chips of its own, and it is this side of the business that has caused Kander to act. 'Deceptive tactics'. Kander claims that Slaughter used 'deceptive tactics' to raise money for the development of bitcoin mining rigs, with the Secretary....
On Thursday, Missouri Secretary of State, Jason Kander, issued a warning to investors who are considering moving into the high-risk but potentially high-reward world of crypto-currencies. In the news release, Kander explains: “With digital currency or any other emerging investment opportunity, the safest approach is to be cautious. It’s important to recognize that in many cases not even the supposed Bitcoin and digital currency experts know enough about the product to help you make a fully informed investment decision. It’s best to rely on only the most reputable sources of information and....
Missouri Secretary of State Jason Kander has reported halted the bitcoin-related operations of a man residing in Springfield, according to a report from the Springfield News-Leader. The report indicates that Kenneth Slaughter used "deceptive tactics" to try and convince investors in the online space to pay for the development of equipment used to mine bitcoin. "The fact that somebody is selling investments through Bitcoin rather than traditional currency doesn't change their obligations to investors, and I encourage Missourians to call my office before making any Bitcoin investments," said....
State Rep. Christofanelli said he wants to create greater economic and political freedom in Missouri.
Remember just a few days ago when we filed a post noting that Missouri officials had issued an advisory on the topic of bitcoin and cryptocurrencies? I closed that post by saying that "...there's likely more [of these warnings] to come", and that is exactly what has happened. The next state to throw up their warning flags is Nevada. In conjunction with a group of national state organizations (specifically, the Conference of State Bank Supervisors and the North American Securities Administrators Association), the Nevada Financial Institutions Division has reportedly begun warning citizens....