Voyager ordered by New Jersey to 'cease and desist’

New Jersey Bureau of Securities said that Voyager “is not registered to engage in business as a crypto asset broker-dealer or exchange in New Jersey.”

Dean Fankhauser4 min read
Voyager ordered by New Jersey to 'cease and desist’

The state of New Jersey has ordered the cryptocurrency exchange Voyager to "cease and desist" from operating in the state.

In an order issued on Monday, the New Jersey Bureau of Securities said that Voyager "is not registered to engage in business as a crypto asset broker-dealer or exchange in New Jersey."

The bureau also alleged that Voyager had made false and misleading statements about its services, including claiming that it was "the first licensed and regulated crypto asset broker-dealer in the United States."

Voyager is based in New York and launched its trading platform in October 2018. It allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others.

The company did not immediately respond to a request for comment.

New Jersey has been one of the more active states in cracking down on unlicensed cryptocurrency businesses. In December, the state ordered three exchanges to stop doing business with residents.

The state has also brought civil actions against a number of ICOs and token sales, including one that raised $600 million.

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