New York, California, Texas – home to high-tech incubators and venture capital firms, these are states you expect to issue statements regarding a disruptive technology like digital currency. Alabama? Perhaps not.
But, if you were surprised by the Alabama Securities Commission’s recent warning about Mt. Gox and the dangers of digital currency investments, its director Joe Borg suggests you shouldn’t be.
The motorcycle-driving, mustachioed regulator boasts about bringing more securities violators to trial, executing more foreign extraditions and obtaining more prison time for financial criminals “than most of the other states combined”. In case that didn’t paint the picture, he headed the investigation to take down Jordan Belfort, the real-life inspiration for The Wolf of Wall Street .
March 01, 2014 at 01:18PM
