South Carolina wants to ban Genesis Mining unregistered securities from mining ChainB.com

nOutburst Comments: The Securities Department of South Carolina’s Attorney General’s Office announced that Genesis, registered in Hong Kong, and Swiss Gold Global, a joint venture in Zurich, Switzerland, illegally provided residents with unregistered mining contracts. In recent weeks, several states in the United States have issued similar injunctions, but they all target projects that have credibility problems.n
nTranslation: Annie_Xun
South Carolina legislators demanded that Genesis Mining, the crypto-money mining platform, leave the state because they sell “unregistered securities.”n
The securities department of the State Attorney General’s Office announced that Genesis, registered in Hong Kong, and Swiss Gold Global, a joint venture in Zurich, Switzerland, illegally provided unregistered mining contracts to residents.n
n”Swiss Gold Global has never registered with the broker in this sector and there is no registration exemption statement.”n
nn”The securities offered have never been registered in this department or any federal securities department.”n
nThe prohibition order is the latest signal that the U.S. state requires various cryptocurrency practitioners to cancel their services. In recent weeks, Texas and New Jersey have issued injunction orders, but the corresponding companies have credibility issues and historical issues.n
The ICO recently supported by Steven Seagal was asked to withdraw from the judicial district of New Jersey.n
In February, national legislators promised to continue to monitor any cryptocurrency-related products available to US citizens.n
South Carolina not only requires Swiss and Genesis to stop its domestic operations, but also “to pay the appropriate civil fines for its wrongdoing.”n
Both companies have not issued an official statement on the matter.n

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