BitConnect's planned initial coin offering (ICO) has attracted another cease-and-desist letter from U.S. state regulators, marking the second time this month.
In a release dated Jan. 9, the regulators from the North Carolina Securities Division outlined the temporary cease-and-desist, stating that BitConnect hadn't registered to deal or sell securities in the Tar Heel State.
According to the release, the division determined that BitConnect had planned to sell unregistered securities in their initial coin offering (ICO), which was scheduled to launch on Jan. 10.
https://www.coindesk.com/u-s-state-regulators-hit-bitconnect-with-second-cease-and-desist/
