It could all be game over for BitConnect. The Texas State Securities Board has handed the bullish cryptocurrency lending investment platform a cease and desist letter, ordering them to shut down its operations and its BitConnect Coin (BCC) within 30 days of receiving the notice. The letter, which is addressed to a company branch registered in London under the British Companies House, essentially demands that BitConnect stop selling its BCC assets in Texas “until the security is registered with the Securities Commissioner” or is granted the necessary exemptions to do so. It also accuses BitConnect of fraud on several different…
This story continues at The Next Web