State of Texas Orders ‘Decentralized Bank’ ICO Project to Cease Operations – Bitcoin News This week the Texas Department of Banking Commissioner, Charles G. Cooper, issued a cease and desist order to an alleged ‘decentralized cryptocurrency-bank’ called Arise Bank. The commissioner explains the startup unlawfully claims to be a banking institution and its operations must stop engaging with residents from the state of Texas. Also read: US Financial Regulator Requests Crypto Trading Data From South Korea Arise Banks Alleged Purchase of a Century Old FDIC Bank and Bitshares Connections …
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