Malaysia's regulator issues a Cease an desist order to CopyCash

After launching an inquiry on January 5th, the Malaysian Securities Commission (SC) issued on January 9th a cease and desist order to the CopyCash Foundation.

The SC had noted that the project had substantial promotional activity in Malaysia, including conferences and seminars. It estimates that the there is a reasonable likelihood that the project will contravene securities laws requirements.

The ICO was planned to launch on January 10th, proposing "a blockchain-based Copytrading platform for Forex and Cryptocurrencies".

This follow a trend of analysis by regulators taking into account not only the technical aspects of the project, but also its promotional material.