Texan Securities Commissioner Travis J. Iles has brought an emergency action to stop Mind Capital OÜ aka Mind Capital Tech SL, a Spanish and Estonian domiciled company, from illegally promoting a cryptocurrency investment pyramid scheme in Texas.
Investors were lured to purchase MCcoin, an internal utility token purported to be persistently valued at $1.00. Their purchase of MCcoin purportedly permits them to participate in a crypto-fiat arbitrage trading program. The platform allegedly uses advanced algorithms to analyze the cryptocurrency market and identify the appropriate time to buy and sell digital assets for a profit.
