They lack any kind of jurisdiction to force anything on Bitconnect. They only have jurisdiction in the state of Texas. However maybe this will lead to more transparency and disclosure about the platform.
They lack any kind of jurisdiction to force anything on Bitconnect. They only have jurisdiction in the state of Texas. However maybe this will lead to more transparency and disclosure about the platform.
They have two days to prove the are legitimate or shut down completely. Even though they are a British company US securities law still applies. There's British articles from months ago stating they would have to present where their revenue is coming from or get shut down. Just look what Charles shrem the bitcoin foundation founder tweeted about them being the madoff of crypto.
Time will tell!