ChainCatcher news, according to Fortune magazine, the U.S. Securities and Exchange Commission (SEC) recently issued a Wells Notice to the crypto investment company Unicoin, accusing it of fraud, misconduct, and unregistered securities issuance.Unicoin CEO Alex Konanykhin revealed that the company has sold approximately $3.5 billion in tokens, with around 70,000 investors, and its tokens are backed by physical assets such as 8,000 acres of land in the Bahamas. Unicoin must respond by December 24, and the company stated it will choose legal confrontation rather than settlement.

ChainCatcher news, the International Monetary Fund (IMF) stated in a statement that the organization is not involved in the so-called CBDC named Unicoin.It is reported that on April 10, the Digital Currency Management Authority (DCMA) announced a central bank digital currency named UMU or Unicoin, which was mistakenly reported that the IMF was involved in its creation, but in fact, the IMF only reviewed the project's white paper. Although the DCMA claims to be related to the government, Unicoin does not appear to be issued by any central bank. (source link)