Australia’s Financial Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds

Australian Watchdog Cracks Down on ‘Misleading’ ICOs & Crypto Funds

Australia’s financial regulator and watchdog is ramping up its scrutiny into ‘misleading or deceptive’ initial coin offerings (ICOs) and crypto-asset funds targeting retail investors. The Australian Securities and Investments Commission (ASIC) has confirmed it has identified “consistent problems” to ultimately shut down several initial coin offerings aimed at soliciting funds from retail investors.

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