Texas Securities Regulator Issues Cease-and-Desist Order

A state securities regulator in Texas issued another cease-and-desist order against a Hong Kong-based “R2B Coin”
02 February 2018   1146

A state securities regulator in Texas issued another cease-and-desist order against a Hong Kong-based “R2B Coin”

The Texas Securities Commissioner issued an Emergency Cease and Desist Order. The order was released on January 24, 2018 by Securities Commissioner Travis J. It explains that Hong Kong-based firm R2B Coin issued unregistered securities providing false information to Texas residents.

The securities regulator stated that the company’s offering, which is being promoted by misleading information, falls under the definition of securities.

As it is indicated on the R2B website the start price of the coin is ranging from $0.008 to $188. The website claims that R2B coins will reach $200 within three months after the start of trading.

According to information on the website, the company claims to be globally licensed. However, the Texas regulator informed that R2B is not registered in its jurisdiction and has violated securities regulations by soliciting investors from Texas through a series of conference calls.

According to the document, the company claimed to have 14,500 investors from 34 countries including U.S., Sweden, Italy, and India. The company also made misleading promises, for example, that investors can change their tokens for stocks at New York or Hong Kong exchanges.

This is the third state’s cease-and-desist against a crypto company. Previously, The Texas Securities Commissioner issued similar orders to Dubai-based USI-Tech and BitConnect.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 

Craig Wright


Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.