No crypto complaints in South Dakota so far

South Dakota is tracking the continental actions under way regarding state and provincial probes of crypto-currencies such as bitcoin, according to Larry Deiter, director for the state Division of Securities. He issued this statement earlier Tuesday:

“South Dakota is a member of the North American Securities Administrators Association (NASAA) which yesterday issued a press release in regards to a “Cyrpto Currency Sweep.” In April 2018, NASAA organized a task force of its member state and provincial securities regulators to begin a coordinated series of investigations into ICOs and cryptocurrency-related investment products. South Dakota is not directly on the task force, but is kept up to date on investigations and enforcement issues through the task force’s reports to the association. The division continues to monitor the development of crypto currencies and how they fit into securities regulation. To date, the division hasn’t received any consumer inquires or complaints into crypto currencies.”