Genesis Mining was served with a cease and desist order from South Carolina, Is this the end of cloud mining contracts in the US?
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The securities commission in South Carolina has decided that cloud mining contracts are securities, and have now sent a cease and desist order to Genesis Mining & Swiss Gold Global. Swiss Gold Global was selling the contracts in South Carolina, but they do not have a securities license to do so.
What do you think? Are cryptocurrency mining contracts securities, or should they be treated like one? Let us know in the comments below.
This is great! Thanks for sharing! Please do some more videos when you find out more information.
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Of course! As soon as we know more, we'll make some more videos. =)
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I looked into cloud mining using Hashflare.. at first the growth modal looks really promising on paper.. but the only winners are the contracters..
Rather set it up for yourself.. its easy enough to do
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