INSUBCONTINENT EXCLUSIVE:
financial laws.The Brazilian Securities and Exchange Commission (CVM) declared the token, promoted via eiketoken.com, illegal for public
The CVM ordered an immediate suspension of all activities, imposing a daily fine of R$100,000 for non-compliance.The $EIKE token aimed to
This initiative sought to revolutionize sustainable energy by developing genetically modified sugarcane capable of producing three times
more ethanol and twelve times more biomass per hectare.Batista planned to expand cultivation to 70,000 hectares and build three processing
plants in Rio de Janeiro by 2028
The project had already secured $500 million from investors, including the Abu Dhabi Investment Group.The CVM identified eight individuals
and entities involved in the unauthorized offering, including Batista himself and companies like EBX Digital LLC and BRXE Global Holdings
Crypto Token Faces Regulatory Block in Brazil
(Photo Internet reproduction)The $EIKE token operated on the Solana blockchain, leveraging its low costs and fast transactions
