AriseBank just got shut down
For anyone that followed the AriseBank/Coin updates. They might have come accross a letter, a cease and desist order issued by the Texas state department, stating that they violated their laws by falsly calling themselves forth as a banking institute. Jared Rice, the CEO of AriseBank, in return wrote back a letter stating how they were decentralized, and how they would "respectfully oppose your mission to enable slavery amongst Texas residents" as literally written down by Mr. Jared himself.
Arise Governance - We The People - A Response to the Texas Banking Commissioner
Well... they just got a cease and desist order and the site is currently shut down; https://www.dob.texas.gov/public/uploads/files/Laws-Regulations/orders/2018-001.pdf
!!! EDIT: The article above is the cease and desist order issues on January the 5th. The order being set to effective is of January the 26th, referring to: http://www.4-traders.com/news/Texas-Department-of-Banking-Commissioner-Issues-Cease-Desist-Order-Relating-to-AriseBank--25879243/
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