• News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
Crypto World VisionCrypto World Vision
  • News
    • Bitcoin
    • Altcoins
    • Regulation
    • Blockchain
    • Scam
  • DeFi Zone
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Market Cap
Crypto World VisionCrypto World Vision
Home»Metaverse»State Securities Regulators Move To Shut Down Metaverse Casino Slotie
Metaverse

State Securities Regulators Move To Shut Down Metaverse Casino Slotie

2022-10-23No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Slotie NFT virtual casino
Share
Facebook Twitter LinkedIn Pinterest Email

Securities regulators from 4 states in america have clamped down on metaverse on line casino, Slotie NFT for violating securities legal guidelines. The state securities regulators slammed the entity with a cease-and-desist order to close down its operations. Reportedly, the regulators famous that the corporate was providing unregistered securities by NFTs.

Right here’s all you could learn about what went down with Slotie NFT:


Slotie NFT virtual casino
The regulators have ordered Slotie to stop and desist from promoting NFTs. Credit score: Slotie

What occurred with Slotie NFT?

On October 20, state securities regulators from Texas, New Jersey, Kentucky, and Alabama filed emergency cease-and-desist orders in opposition to Sloties NFT. Based mostly in Georgia, Slotie is a digital playing firm that describes itself as an “on-line on line casino community on the blockchain.”

The entity runs playing video games in additional than 150 casinos. It bought an preliminary assortment of 10,000 NFTs that supplied holders possession curiosity within the casinos. This fashion, the traders might earn a passive earnings from Slotie’s earnings. 

Nevertheless, in response to the state regulators, these had been unregistered securities that violated state legal guidelines. Consequently, the authorities have filed a stop and desist in opposition to Slotie, stopping it from promoting the NFTs within the 4 states. 

“The actions accuse Slotie of issuing 10,000 Slotie NFTs which might be just like inventory and different equities,” mentioned a statement from the Texas State Securities Board. “The Slotie NFTs purportedly present traders with possession pursuits within the casinos and the fitting to passively share within the earnings of the casinos.”

US regulators and NFTs

The state regulators’ transfer comes amid a number of such enforcement actions in opposition to different Web3 and NFT tasks. For example, 5 American state regulators accused Flamingo On line casino Membership of being a rip-off run by Russian scammers. In the meantime, america Securities and Trade Fee (SEC) has been investigating Yuga Labs for doable securities violations.

See also  Konami Are Looking For Staff in NFTs and Metaverse

Source link

casino Metaverse Move regulators Securities Shut Slotie State
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Decentraland Hosts the First Metaverse Architecture Biennale

2023-09-20

new NFT in Japan for Web3 and metaverse fans

2023-09-19

Krafton enters NFT-integrated metaverse gaming landscape

2023-09-18

A Step Towards Global Medical Metaverse Collaboration

2023-09-18
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Top 9 Crypto Coins to Buy During The Dip That Will Explode (Act Fast)

2022-12-02

Solana Turns Sell On Rallies As It Breaks $20

2023-05-25

Coinbase Ordered by SEC To Halt Trading on All Crypto Assets Except Bitcoin, Prior to Being Sued: Report

2023-07-31

Subscribe to Updates

Get the latest news and Update from Crypto World Division about Crypto, Metaverse, NFT and more.

Editors Picks

Why the SEC Is After Yuga Labs and What It Means for NFTs

2022-10-17

NFT Sales Surge Over 43% in Past Week, Topping $397 Million

2023-02-18

Rarible Rolls Out Aggregator Feature, New RARI Token Incentives

2022-10-23

RETEST KONUMUNDAYIZ / BITCOIN GUNCEL ANALIZ / SON DURUM

2023-01-25

Crypto World Vision
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptoworldvision.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$23,418.000.75%
  • ethereumEthereum(ETH)$1,640.732.33%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$305.200.68%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.374110-0.89%
  • okbOKB(OKB)$52.010.03%
  • cardanoCardano(ADA)$0.363892-0.29%
  • matic-networkPolygon(MATIC)$1.25-2.49%