The regulator of North Carolina suspended the activity of the mining company PMP

The regulator of North Carolina suspended the activity of the mining company PMP

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Authorities of the state North Carolina from afar order about stopping of activity of company Power Mining Pool (PMP), reports Bitcoin.com.

It registers in the  state’s Securities Division declared of North Carolina, that PMP offered to the clients of “action of mining pool”. Last a department considers as unregistered securities.

“It was discovered that PMP breaks the Law on securities, offering unregistered assets in form “stakes of mining pool”, – it is indicated in the document of official department.

Such an order obligates a company and any person, employee, office worker, director or independent contractor under her guidance or control to give up the sale of securities in a country until a company will not be registered or will get corresponding permission. Thus, this order, in fact, activity of PMP forbids.

This order followed on temporal limitation to activity of company from March, 2 of this year. At that time PMP in any way did not react on the appeal of regulator. Thus the web-site of company went away in offline already after a few days, on March, 6.

Also a regulator appeared displeased at the insufficient opening of information about activity of company. So, PMP was described however business that is not registered in any jurisdiction having a machine address and guided by unknown persons.

Before PMP positioned itself as a company, that owns and manages a mining equipment able to obtain seven different cryptocurrencies in the mode 24/7. What be more, the representatives of PMP declared that an equipment is able in the automatic mode to watch the current yield of each of seven currencies, commuting mining powers on a booty most advantageous from them.

We will remind, in March  the  state’s Securities Division declared of North Carolina bossed to stop distribution of mining contracts of company Genesis Mining. In opinion of regulator, such contracts possess properties of securities.

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