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This is a BIG challenge for all world governments; it is a global megatrend and no one has an answer yet if/how/when to regulate cryptocurrencies. </div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> kictanet <kictanet-bounces+lnjogu=hotmail.com@lists.kictanet.or.ke> on behalf of WANGARI KABIRU via kictanet <kictanet@lists.kictanet.or.ke><br>
<b>Sent:</b> Wednesday, January 31, 2018 7:06 AM<br>
<b>To:</b> lnjogu@hotmail.com<br>
<b>Cc:</b> WANGARI KABIRU<br>
<b>Subject:</b> [kictanet] AriseBank: SEC Halts Alleged Initial Coin Offering Scam</font>
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<div id="x_yui_3_16_0_ym19_1_1517401082021_37299" dir="ltr"><a href="https://www.sec.gov/news/press-release/2018-8" class="x_enhancr2_38134d40-e10b-f20e-ea9e-f5fdeec79e09" id="x_yui_3_16_0_ym19_1_1517401082021_38852">SEC.gov | SEC Halts Alleged Initial Coin
Offering Scam</a></div>
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SEC.gov | SEC Halts Alleged Initial Coin Offering Scam</h2>
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SEC Halts Alleged Initial Coin Offering </h1>
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Scam</h1>
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FOR IMMEDIATE RELEASE<br id="x_yui_3_16_0_ym19_1_1517401082021_40623" style="">
2018-8</div>
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Washington D.C., Jan. 30, 2018 —</div>
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The Securities and Exchange Commission obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world’s first “decentralized bank.”</div>
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According to the SEC’s complaint, filed in federal district court in Dallas on Jan. 25 and unsealed late yesterday, Dallas-based AriseBank used social media, a celebrity endorsement, and other wide dissemination tactics to raise what it claims to be $600 million
of its $1 billion goal in just two months.</div>
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AriseBank and its co-founders Jared Rice Sr. and Stanley Ford allegedly offered and sold unregistered investments in their purported “AriseCoin” cryptocurrency by depicting AriseBank as a first-of-its-kind decentralized bank offering a variety of consumer-facing
banking products and services using more than 700 different virtual currencies. AriseBank’s sales pitch claimed that it developed an algorithmic trading application that automatically trades in various cryptocurrencies.</div>
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<div class="x_signature" id="x_yui_3_16_0_ym19_1_1517401082021_40647"><font size="5" id="x_yui_3_16_0_ym19_1_1517401082021_43984">With the ingenuity and open innovation in the crypto world, this must make someone refer to what CBK said once....or alluded to.</font></div>
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<div class="x_signature" id="x_yui_3_16_0_ym19_1_1517401082021_40647"><font size="5">Be blessed.</font></div>
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<div class="x_signature" id="x_yui_3_16_0_ym19_1_1517401082021_40647"><font size="5">Regards/Wangari</font></div>
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<div class="x_signature" id="x_yui_3_16_0_ym19_1_1517401082021_40647">---<br>
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<div class="x_signature" id="x_yui_3_16_0_ym19_1_1517401082021_40647"><font size="2" style="font-weight:bold; font-family:verdana,helvetica,sans-serif"><span style="color:rgb(127,0,63)">Pray God Bless. 2013Wangari circa -
</span><span style="color:rgb(127,0,63)">"Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".</span></font><br>
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