Australian Admits to Unlicensed Promotion of BitConnect Crypto Services
An Australian has pleaded guilty to his role in promoting now-defunct cryptocurrency exchange BitConnect’s cryptocurrency lending services. ASIC alleged that John Lewis Anthony Bigatton, in his role as BitConnect’s national promoter, provided advice on financial products in six sessions across Australia, four seminars and two social media posts.
BitConnect’s lending platform was promoted as an investment opportunity, encouraging investors to buy BitConnect coin (BCC) through its website. BitConnect’s lending platform was promoted as an investment opportunity and encouraged investors to purchase his BitConnect Coin (BCC) through the website. Investors can borrow her BCC for a fixed period at a high-interest rate.
BitConnect was founded in February 2016 and operated a platform and digital currency, but it shut down in January 2018, and its founders ultimately…
