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2018 has been the year of cryptocurrency scams. From cryptojacking Wholesale NFL Jerseys Free Shipping , exchange hacks and sim swapping, hackers seem to be coming with new ways to steal cryptocurrencies.

In a recent turn of events, the US government has launched an investigation against ICO projects as a way to crack down on fraudulent ICO projects.

The number of ICO projects in 2017-18 has broken all records. Amidst this explosion of new cryptocurrencies, companies have to also deal with the ongoing investigations from the US government.

The North American Securities Administrators Association (NASAA) pubished a report on August 28 announcing the launch a project called �Operation Cryptosweep�. This Operation has resulted in investigations into over 200 ICO and investment products in the cryptocurrency industry.

Operation Cryptosweep began in May 2018 to curb the fradulant activities that are conducted by various ICOs across the United States and Canada. NASAA has created a dedicated task force to crack down on crypto crimes.

Joseph P. Borg Wholesale NFL Jerseys From China , NASAA President and The Director of Alabama Securities Commission said that the team has found multiple crypto projects who are violating state and local regulations. Most of these stem from failing to register their business and project as per the existing crypto laws and regulations.

Bord said �Sponsors of. these products should seek the advice of knowledgeable legal counsel to ensure they do not run afoul of the law. Furthermore, a strong culture of compliance should be in place before, not after, these products are marketed to investors.�

Operation Cryptosweep is also investigating more than 30 Wholesale NFL Jerseys China ,000 domain names that are related to the cryptocurrency industry. Majority of these were registered in 2017 when Bitcoin reached a peak value of $20,000.

The Result
Out of the 200 investigations performed, the officials have issued notices to 46 projects so far. This news serves as a reminder to all of us about the severity of the situation. We should always be careful when putting down money on a new project. A well-informed decision can save you in the long run.

Although the crackdown seems to be working, they are yet to provide protection to potential investors. NASAA has adviced investors to carry out in-depth research before deciding to put money in any crypto-related project.
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Keywords: ICO Wholesale NFL Jerseys , ICOfraud, ICOnews, ICOProject, cryptocurrencyscams Wholesale Cheap Jerseys , cr

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