Tennessee Warns Consumers About Steven Seagal-Backed ‘Bitcoiin’

The Tennessee Department of Commerce & Insurance (TDCI) Securities Division has issued a warning Thursday, March 22 to Tennessee consumers about the cryptocurrency Bitcoiin or Bitcoiin2Gen, known for being endorsed and promoted by celebrity Steven Seagal.

The TDCI’s alert addresses the actions taken by the State of New Jersey against the cryptocurrency company, which reportedly had promoted securities that were not registered in either state. New Jersey’s Bureau of Securities had issued a cease and desist order March 7, 2018 stating that Bitcoiin offered securities, as defined by N.J.S.A. 49: 3-49(m), that were not registered with the Bureau.

Reference: https://cointelegraph.com/news/following-new-jersey-tennessee-warns-consumers-about-steven-seagal-backed-bitcoiin

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