South Carolina Declares Cloud Mining Contracts to Be Securities

The Attorney General of South Carolina has served a cease and desist order on Genesis Mining. In documents filed before its Securities Commissioner, it has declared cloud mining contracts to be securities, in a move that could have repercussions beyond the confines of the Palmetto State.

Also read: ‘CryptomatoesUsing Excess Mining Heat to Grow Produce

Attorney General Forecasts Dark Clouds for Mining Contracts

Cloud mining contracts enable individuals to purchase hashing power...

What feeling does this article give you?

#hashtags to follow:

Genesis Mining [+]    Securities Commissioner [+]    Palmetto State [+]    Cryptomatoes [+]    Using Excess Mining Heat [+]    Grow Produce [+]    General Forecasts Dark Clouds [+]    Mining Contracts [+]   

More #news: