US authority advice seizure of BitConnect Promoter’s property

US authorities advice seizure of BitConnect Promoter’s property

The U.S. state authorities have implored the Criminal Investigation Department in India to confiscate the properties of promoters of BitConnect. The authorities from the Illinois and Arizona plead to seize the property of promoters who allegedly raised nearly $5.6 billion from investors. The CID stressed that the investments in virtual currencies after ‘demonetization are suspected of laundering black money.’

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