India, Oct. 7 -- Florida regulators are investigating Karatbars, a German company that"s been promoting a token tied to a Miami "crypto bank" without any banking license in the state.
- Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold.
- Before it entered the crypto space, Karatbars sold gold products online through an affiliate marketing system that regulators in three countries warned the public to avoid.
- CoinDesk interviewed three of Karatbars" current "affiliates," who said they passionately believe in the company and its tokens.
Here are the links to the research and facts of CoinDesk:
https://www.coindesk.co...