Australia’s Securities Watchdog Cracks Down On Misleading ICOs

News, Regulation | May 2, 2018 By:

The Australian Securities and Investments Commission (ASIC) has started cracking down on “misleading or deceptive conduct” in the marketing and selling of digital tokens via initial coin offerings (ICO).

In a statement published yesterday, Australia’s corporate watchdog said that it is issuing inquiries to ICO issuers and their advisers where they identify conduct or statements that may be misleading or deceptive.