September 20, 2018 BY Valentina Kirilova

ASIC stops misleading ICOs and crypto-asset funds targeted at retail investors

Australian regulator ASIC has announced that it has taken action to stop several proposed initial coin offerings or token-generation events (together, ICOs), targeting retail investors. ASIC has recently stopped the issue of a Product Disclosure Statement for a crypto-asset managed investment scheme. Consistent problems identified by ASIC are: the use of misleading or deceptive statements…

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