Fraud Exam With Connie Lofton Bitconnect has been outlawed in Texas by the Securities Exchange Commissioner of the State of Texas. He deems that the cryptocurrency entity show to many signs of being a ponzischeme. The Texas regulator has been quoted saying: “BitConnect has disclosed virtually nothing about its principals, financial condition, or strategies for earning profits for investors. It has not provided a physical address in England. “Despite providing no information on how it will make money for investors – including the algorithms behind the Trading Bot – BitConnect is touting its investments as a “safe way to earn a high rate of return.” Get your diamonds more securely on the blockchain . “Investing in cryptocurrencies, however, carries significant risk because of regulatory and legal actions, competition from other cryptocurrencies, and the extreme volatility in the price of many cryptocurrencies.” Now this would prove very difficult separating Texans ...