30 Sep '17, 8pm

Australian Securities & Investments Commission Issues Guidance for Initial Coin Offerings

Australian Securities & Investments Commission Issues Guidance for Initial Coin Offerings

This week, the Australian Securities & Investments Commission published a media release seeking to clarify the regulatory requirements of ICOs operating in Australia. ASIC has avoided adopting a one size fits all regulatory approach to ICOs, stating “whether the Corporations Act applies to an ICO will depend on the type of ICO offering and what rights attach to the coins from the ICO itself, underlying coins or tokens used in the ICO… In Australia, the legal status of an ICO is dependent of the circumstances of the ICO, such as how the ICO is structured and operated, and the rights attached to the coin (or token) offered through the ICO.”

Full article: https://news.bitcoin.com/63601-2/

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