Nevada monetary regulator petitions court docket to put Prime Belief into receivership

Following the submitting of a stop and desist order, Nevada’s Monetary Establishments Division has once more moved in opposition to crypto custodian Prime Belief by petitioning for the appointment of a receiver.

In a June 26 submitting, the regulator petitioned the Eighth Judicial District Court docket of Nevada for a short lived restraining order and an order appointing a receiver to Prime Belief Applied sciences, which would come with its crypto custodian arm. Prime Belief has agreed to the receivership together with the regulator based mostly on the “substantial deficit between its property and liabilities.”

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