SEC suspends trade operations… again. This time it’s ARSC

The United States Securities and Exchange Commission, or SEC, has suspended operations of yet another bitcoin trading and exchange organization.

Just last week there was the news that the SEC decided to suspend financial operations of BITCF. Now they are doing it with ARSC, or American Security Resources Corporation. The suspension is effective until 11:59 am ET on 8 September 2017.

The company changed names many times, as it is described in the SEC documents that CoinDesk acquired. It was going to do this again and rename itself to Bitcoin Crypto Currency Exchange Corporation, while simultaneously expanding at the cryptocurrency markets even more.

The Securities and Exchange Commission grimly states: “Questions… have arisen regarding publicly available information about the company in press releases on OTCMarkets.com, dated August 1, and August 8, 2017, concerning, among other things, the company’s business transition to the cryptocurrency markets and early adoption of blockchain technology.”

The SEC suspends trade operations for the third time in the past month. CIAO Group seems to have resumed its activities, but the second company, BITCF or First Bitcoin Capital, will have to wait – even though some sources tell it’s going to somehow legally resume it operations even before the date scheduled by the SEC.