![North Dakota securities chief clamps down on 'fraudulent' Union Bank Coin North Dakota securities chief clamps down on 'fraudulent' Union Bank Coin](https://coingeek.com/wp-content/uploads/2018/11/north-dakota-securities-chief-clamps-fraudulent-union-bank-coin-380x188.jpg)
North Dakota securities chief clamps down on ‘fraudulent’ Union Bank Coin
The North Dakota Securities Commissioner has issued a cease and desist order against Union Bank Payment Coin, over suggestions it had been promoting fraudulent securities in the form of its recent initial coin offering.