North Dakota Sanctions Fraudulent Russian Cryptocurrency Company

The state of North Dakota recently ordered the shutdown of a fake cryptocurrency website which carried out unregistered and fake securities in the state.

Cryptocurrency Website Imitating Union Bank AG

According to an official press release by North Dakota, Securities Commissioner, Karen Tyler, issued a cease and desist order against a fake virtual currency company, Union Bank Payment Coin (UBPC), which carried out fraudulent initial coin offering (ICO).

Investigations by the securities...

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