DasCoin is the latest MLM cryptocurrency to receive a securities fraud cease and desist.

As
part of Operation Cryptosweep
, the British Columbia Securities Commission issued DasCoin with a cease and desist notice.

As at the time of publication the DasCoin cease and desist notice hasn’t been made public. Nor do we know exactly when it was issued.

Seeing as the notice is part of Operation Cryptosweep however, I believe DasCoin was served sometime over April or May.

On the MLM side of things DasCoin is promoted through
Net Leaders
(formerly Coin Leaders).

On the Net Leaders website, the company markets itself as “the home of DasBlockchain”.

As I write this, neither DasCoin or Net Leaders have publicly acknowledged the British Columbia cease and desist.

Instead they’re busy hyping DASC’s recent listing on CoinMarketCap, where it’s currently sitting at 17 cents.

After launching as Ponzi points through Net Leaders, DASC is now being publicly traded through the Coin Falcon and BTC Alpha exchanges.

Operation Cryptosweep is being
coordinated by
the North American Securities Administrators Association (NASAA).

With respect to British Columbia Securities Commission being a NASAA member and their involvement in enforcement, Doug Muir, Director of Enforcement
stated
;

Fraudsters are always looking for new ways to attract victims and many are taking advantage of the popularity of cryptocurrencies to perpetrate their schemes.

Seeing as Net Leaders was initially launched as a
OneCoin
clone at the height of its popularity, Muir isn’t far off the mark.

🤖 Quick Answer

What is the DasCoin cease and desist order issued in British Columbia?
The British Columbia Securities Commission issued a cease and desist notice against DasCoin as part of Operation Cryptosweep. The order targeted the cryptocurrency MLM scheme promoted through Net Leaders (formerly Coin Leaders). As of publication, the formal notice remained unpublished, with the issuance estimated between April and May.

What is Operation Cryptosweep?
Operation Cryptosweep is a coordinated enforcement action by Canadian securities regulators targeting fraudulent cryptocurrency schemes. The British Columbia Securities Commission participates in this multi-jurisdictional initiative to investigate and halt illegal digital asset offerings and MLM-related cryptocurrency promotions operating within Canada.

How is DasCoin promoted through its MLM structure?
DasCoin operates through Net Leaders, a multi-level marketing entity formerly known as Coin Leaders. The company

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