ASX Investigates BPG’s Penny Stock Aiming to Raise $15 Million in ICO

[kreslik.news]

The Australian Securities Exchange (ASX) is looking into Byte Power Group (BPG), adiversified technology solutions group, to see whether it is in compliance with the ASX Listing Rules.

BPG is behind a listed penny stock that seeks to raise $15 million via an initial coin offering (ICO) to launch a cryptocurrency exchange. In order to ensure the offering is up to scratch, ASX’s compliance team sent the firm a letter which requires the company to justify the legality of the planned ICO.

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Today, BPG issued a statement which outlines the ... (read more)