The OSC warning comes after a Texas regulator issued a cease and desist order against BitConnect in January, claiming BitConnect said it would deliver annualized returns of 100 per cent or more by issuing BitConnect Coins. (canadianbusiness.com)
Since Bitcoins, or as a matter of fact, most of the cryptocurrencies are not backed by any government; the authorities seem to be hell - bent on declaring a cease and desist order on cryptocurrency trade. (techpp.com)
In a January cease - and - desist order issued against several entities with overlapping personnel, the SEC related that, in some cases, an ICO is «essentially the same as a public offering of securities.» (ethnews.com)