Crypto Banking Platform AriseBank Receives Cease And Desist Order From Texas Regulator

News, Regulation | January 30, 2018 By:

The Texas Department of Banking has issued an unconditional cease and desist order to crypto banking platform AriseBank, ordering the firm to halt any services to the state’s residents.

Founded in 2016 by Jared Rice, Sr. and Stanley Ford, AriseBank claims to be “the first completely decentralized banking product that features one of the largest cryptocurrency platforms built to date.”

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