Tag: Australian Securities and Investments Commission

Australian Regulators to Update Crypto Guidelines While Praising Blockchain

The Australian Securities and Investments Commission (ASIC) will update their guidelines to better reflect the evolving cryptocurrency industry, John Price, one of their commissioners, revealed in his speech at a fintech conference in Sydney on April 26. Price further cautioned any company planning to conduct an ICO against thinking of it as a way to avoid government regulation, while also expressing the commission’s commitment to fostering innovation in the fintech sector without …
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Australian Regulator Releases Statement on Embattled Bitcoin Exchange Igot

The controversy surrounding the Australian digital currency exchange Igot has even captured the attention of Australian regulators. The Australian Securities and Investments Commission (ASIC) released a statement today, which effectively states that the agency can’t intervene at this time due to the murky legal status of the digital currency in Australia. A spokesperson for ASIC, told The Sydney Morning Herald: “As with any company, if it were to go into …
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