It seems Bitcoiin and its “Worldwide Ambassador”, Steven Seagal, are determined to press on despite receiving a securities fraud cease and desist.

While we already knew
US promoters were continuing to promote Bitcoiin in secret
, now we have confirmation the company itself has no plans to comply.

Bitcoiin emerged earlier this year as a typical “we’re going to replace bitcoin”
pump and dump altcoin ICO
.

On March 7th the New Jersey Bureau of Securities issued Bitcoiin with a
securities fraud cease and desist
.

The company has thirty days to challenge the cease and desist. To date however there’s been no indication either Bitcoiin or Seagal intend to comply.

Behind the scenes Bitcoiin corporate are sending out marketing updates, which continue to promote BitCoiin’s unregistered securities offering.

According to a recent email issued by the “Bitcoiin Team”, Bitcoiin has purportedly solicited $227 million USD in B2G ICO investment.

This is the result of marketing B2G as the next bitcoin, with the company promises a minimum 300% ROI to investors;

If you missed out on Bitcoin, Don’t miss out on Bitcoiin2Gen (B2G).

Ask anyone who got into Bitcoin before the start of 2017; they reaped the benefits of approximately 900% price increase.

And here at B2G, we are expecting at least three times price increase during its 1st month.

The email also touts the appointment of Seagal as Bitcoiin’s “Brand Ambassador” as a company achievement.

As at the time of publication, Steven Segal’s social media profiles
still
market his involvement in Bitcoiin.

Instead of addressing securities fraud, the New Jersey cease and desist or plans to operate legally in the US, Bitcoiin instead make on last push for their $5 B2G ICO.

Thank you so much for all your support in our ICO.

Since this week on March 26, is the last day of our ICO, We would like to know if you have already taken the advantage to purchase B2G at its introductory prices during the ICO period or not?

If you are already a proud B2G owner, we appreciate your support and enthusiasm, and we encourage you to contribute more by introducing your friends & family to B2G and take advantage of 4 level of referral commission.

If you are still deciding to invest, we would like to remind you this is the last opportunity to purchase Bitcoiin2Gen at $5 only as the ICO period and the $5 prices will be no longer applicable after March 26.

So, if you don’t want to miss out this opportunity, please contact our sales support and invest now.

Given the hundreds of millions of dollars Bitcoiin claims to have solicited and Alexa estimating the US makes up 44% of traffic to the Bitcoiin website, this is a development that should alarm US regulators.

Whether they take further action against Bitcoiin and affiliates like Don Le, who continue to promote domestically in secret, remains to be seen.

In the meantime Bitcoiin Team’s email suggests Chinese scammers might be behind the operation.

What have we done so far?

🤖 Quick Answer

What is Bitcoiin and why did it receive a cease and desist order?
Bitcoiin is an altcoin ICO that emerged in 2018 claiming to replace Bitcoin. On March 7th, the New Jersey Bureau of Securities issued it a securities fraud cease and desist order due to operating as an unregistered security, with actor Steven Seagal serving as its worldwide ambassador promoting the venture.

Has Bitcoiin complied with the securities cease and desist order?
Despite receiving a thirty-day compliance deadline from New Jersey regulators, Bitcoiin has shown no indication of compliance. The company continues sending marketing updates and promotional materials while US promoters persist in secretly marketing the unregistered security to potential investors.

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