SEC shuts ‘Riscoin’ over alleged crypto scam

MANILA, Philippines — The Securities and Exchange Commission (SEC) has ordered the alleged cryptocurrency investment scheme “Riscoin” and related entities to immediately stop soliciting investments from the public over the unauthorized sale of securities. In a cease-and-desist order dated May 14, the SEC’s Enforcement and Investor Protection Department said Riscoin, Riscoin Exchange, Riscoin Trading, League of