Two US states, Illinois and Arizona, have called the Indian CID authorities with a request to seize the assets of former BitConnect leaders, reported The Times of India. India has become one of the biggest markets for BitConnect, as crypto assets gained popularity after the de-monetization of the country starting in 2016.
US state authorities were among the more active agents in stopping the BitConnect scheme. The beginning of the end for BitConnect was a cease-and-desist order from the state of Texas. The argument of the state authorities was that BitConnect agents and promoters were selling unregistered securities, and themselves l...
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