Following the submitting of a stop and desist order, Nevada’s Monetary Establishments Division as soon as once more opposed crypto custodian Prime Belief, searching for the appointment of a receiver.
In a June 26 submitting, the regulator petitioned the Eighth Judicial District Court docket of Nevada for a brief restraining order and an order appointing a receiver to Prime Belief Applied sciences, which would come with its crypto custodian arm. Prime Belief agreed to receivership with the regulator based mostly on the “substantial shortfall between its belongings and liabilities”.
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