CryptoSecure throws curveball, denies allegations by NASAA

In an exclusive with AMBCrypto, a representative from CryptoSecure clarified the recent issue with North American Securities Administrators Association [NASAA] and “Operation CryptoSweep”.

The operation involves the service of cease and desist orders against fraudulent ICOs in the United States and Canada. There are many ICOs that have been mentioned by NASAA in their release, such as Baltic Fund, DasCoin, Krios, Tripbit, Ubcoin, and CryptoSecure.

A representative from CryptoSecure reached out to AMBCrypto to clarify that CryptoSecure has not been served with any cease and desist notice against it as of yet. They also mentioned that they have a “serious objection” to NASAA inferring that CryptoSecure is fraudulent.

The representative then went on to say that CryptoSecure initiated an awareness campaign for a product aimed at solving problems that the cryptocurrency industry had with protecting digital assets. They also denied the allegations made against them was that they had been marketing and selling securities in New Brunswick by the New Brunswick Financial and Consumer Services Commission [NBFCS].

They also reiterated the point that they have not received a cease and desist letter from either NASAA or the NBFCS, which has jurisdiction over their area of operations.

Most importantly, they said:

“CryptoSecure strongly denies the NBFCS allegations and regards its actions as unsupported and irresponsible and in their actions leading to the CryptoSecure inclusion in the NASAA release. CryptoSecure has today provided NBFCS advice reserving its rights to damages in regard to this matter.”

They emphasized that their focus is on delivering “unprecedented security to the cryptocurrency market”. They also said that their goal is to create market awareness of their products, which will be publicly advised at a later date.

On the development, John McAfee said:

“Cryptosecure update: media reports were incorrect. They have not been served with a cease and desist. They have a letter, applicable to New Brunswick, Canada only, stating that they might be selling securities in New Brunswick. My apologies to Cryptosecure.”

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