Steven Seagal no longer Bitcoiin ambassador
As Bitcoiin goes through the conversion phase from token to mineable coin we wish to advise that Bitcoiin will join the likes of the original Bitcoin and become a truly open source. Therefore a big thank you to the Founders and to our Brand Ambassador whom we wish all the best in their future endeavors. However, from this point on Bitcoiin will function within its ecosystem and become a genuinely anonymous cryptocurrency with no individual or individuals having control over the entity!
According to the VC’s website, the soft cap target of US$75 million has been achieved and therefore it is time for Bitcoiin to “convert to mineable coins.” There have been several crackdowns on questionable cryptocurrency business practices in the last few months and Bitcoiin has been subject to a cease and desist order coming from regulators in New Jersey, who pointed out that the VC is not registered to sell securities in that state. In fact, the order goes further with its criticisms of the digital currency, publishing these conclusions:
In actuality, Bitcoiin is fraudulently offering unregistered securities in violation of the Securities Law.
The Bitcoiin Websites do not disclose what expertise, if any, Steven Seagal has to ensure that the Bitcoiin investments are appropriate and in compliance with federal and state securities laws.
The actor is currently facing a number of accusations in regard to sexual misconduct, but it is not known if this has been a contributing factor to the Hollywood hardman and Bitcoiin2Gen parting ways.