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...

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