The U.S. SEC has issued a Wells notice to crypto investment company Unicoin

PANews reported on December 17 that according to "Fortune", the U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to the crypto investment company Unicoin, accusing it of fraud, misconduct and the sale of unregistered securities. Unicoin's main product is a cryptocurrency backed by real assets such as real estate. The SEC’s action aims to block its planned initial coin offering (ICO). Unicoin said it would launch a legal battle with the SEC.