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SEC halts $600 million alleged cryptocurrency scam that aimed to revolutionize banking

Retrieved on: 2018-01-30 06:30:00

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<div>According to the SEC, AriseBank began raising money in November 2017 by launching an “<b>initial coin offering</b>” for AriseCoin. Through an ICO, a company raises money by offering a “coin” or “token” in exchange for other cryptocurrency or fiat currency. The company allowed investors to buy AriseCoin ...</div>

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