<h2><b>Maryland's Attorney General Frosh Declares the Participation in 'Operation Cryptosweep'</b></h2>
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<div dir="auto">The state of government of Maryland announced that it is taking part in 'Operation Cryptosweep'.</div>
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<div dir="auto">Attorney General of Maryland, Brian E.Frosh declared about it in a press release, held on 14 Aug 2019. He stated that the state regulators would participate in this cause.</div>
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<div dir="auto">Cryptosweep is a task force which the North America Securities Administrators Association (NASAA) started in 2018. This task force is to initiate a joint series of investigations into <a href="https://www.cryptoknowmics.com/crypto/sec-files-emergency-lawsuit-against-14-million-fraud-ico-organizers/">ICO</a>s and relevant-to-<a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=11&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwjBk8i-joXkAhUxheYKHVfKCLwQFjAKegQIARAB&amp;url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FCryptocurrency&amp;usg=AOvVaw23s5u17TzWkCzDKm_bEVgx">cryptocurrency</a> investment products.</div>
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<div dir="auto">Operation Cryptosweep is a co-ordinated step of the state and provincial securities regulators in the United States and Canada.</div>
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<div dir="auto">On Wednesday press release, Frosh stated that his securities Division is taking part in the mission. Securities Division has begun an enforcement action apposed to Maryland-based bitcoin trading forum, which induced the finances to believe they could gain 150% via indirect investment on the forum.</div>
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<div dir="auto">Frosh reported that regarding investments, finances should be careful, that assure instant profits and lesser risk.</div>
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<div dir="auto">Furthermore, he said:</div>
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<h5><strong><em>“Cryptocurrency investments are risky. Investors should be extra cautious when dealing with promoters who claim their offering does not have to be registered with securities regulators. Quick returns of 150% are as rare as Bigfoot. Make sure to do independent research on the product before you invest. Be aware of the risks, and contact the Maryland Securities Division with any concerns before parting with your hard-earned money.”</em></strong></h5>
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<div dir="auto">By August 2018, 'Operation Cryptosweep' had led to over 200 investigations into initial coin offerings and crypto-related investment products. In the period of investigations, regulators apparently had presented with plenty of activities related to crypto that may compose a contravention of state and provincial securities laws. Such contravention included non-fulfilment to register a product accordingly before providing it to investors.</div>
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<div dir="auto">Currently, governer of New Jersey Phil Murphy signed a bill, which built a New Jersey Blockchain Initiative Task Force. Reportedly, the aim of the creation of this task force is to examine blockchain solutions to comfort the state.</div>

Maryland's Attorney General Frosh Declares the Participation in 'Operation Cryptosweep'

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