State regulator orders fraudulent Russian cryptocurrency out of North Dakota

Financial regulators of North Dakota have ordered a dodgy Russian cryptocurrency company to cease and desist operations in the state, after discovering it had impersonated a bank in Liechtenstein to falsely market an initial coin offering (ICO). In a statement released Monday, state securities chairman Karen Tyler explains how the scammers assumed the identity of Union Bank AG, using its reputation to issue and market a fake version of the banks’ proposed cryptocurrency bea