Australian Regulators Recognise the Positive Potential of ICOs

[kreslik.news]

The Australian Securities and Investment Commission’s (ASIC) today released a guidance paper to help issuers of initial coin offerings (ICOs) consider their legal obligations in the country. While warning investors to look out for possible scams, ASIC has taken a much more constructive approach than other regulators such as the US SEC and especially the central bank of China.

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ASIC says that it recognises that ICOs have the potential to make an important contribution to the options available to businesses regarding fundraising and investment options.

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